Installed Building Products, Inc. (NYSE:IBP) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado reduced its stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 14.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,603 shares of the construction company's stock after selling 17,740 shares during the period. Public Employees Retirement Association of Colorado owned 0.38% of Installed Building Products worth $18,507,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in IBP. Aquatic Capital Management LLC acquired a new position in Installed Building Products during the fourth quarter worth $1,621,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Installed Building Products during the 4th quarter worth approximately $314,000. T. Rowe Price Investment Management Inc. raised its position in shares of Installed Building Products by 87.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 338,081 shares of the construction company's stock valued at $59,249,000 after buying an additional 158,173 shares during the period. MGO One Seven LLC acquired a new position in Installed Building Products in the fourth quarter valued at approximately $205,000. Finally, Stifel Financial Corp grew its position in Installed Building Products by 4.2% in the fourth quarter. Stifel Financial Corp now owns 11,468 shares of the construction company's stock worth $2,010,000 after acquiring an additional 462 shares during the period. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Installed Building Products Stock Up 2.7 %

Shares of NYSE IBP traded up $4.52 during mid-day trading on Friday, hitting $171.08. The company had a trading volume of 275,495 shares, compared to its average volume of 334,503. The company has a market capitalization of $4.72 billion, a PE ratio of 19.01 and a beta of 1.84. The business's 50-day simple moving average is $169.23 and its 200 day simple moving average is $189.87. Installed Building Products, Inc. has a 1-year low of $151.27 and a 1-year high of $281.04. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50.

Installed Building Products Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.37 per share. The ex-dividend date was Friday, March 14th. This is an increase from Installed Building Products's previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.87%. Installed Building Products's payout ratio is currently 16.26%.

Analysts Set New Price Targets

A number of research firms have commented on IBP. StockNews.com downgraded Installed Building Products from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Truist Financial decreased their target price on shares of Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a research report on Monday, March 3rd. The Goldman Sachs Group dropped their price target on shares of Installed Building Products from $262.00 to $228.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. DA Davidson decreased their price objective on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Installed Building Products in a research report on Tuesday, April 1st. They set a "hold" rating and a $183.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $216.09.

About Installed Building Products

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.