XTX Topco Ltd Buys Shares of 2,448 Installed Building Products, Inc. (NYSE:IBP)

XTX Topco Ltd purchased a new stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,448 shares of the construction company's stock, valued at approximately $429,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arizona State Retirement System raised its position in Installed Building Products by 0.8% during the fourth quarter. Arizona State Retirement System now owns 6,966 shares of the construction company's stock worth $1,221,000 after acquiring an additional 56 shares during the last quarter. Dana Investment Advisors Inc. lifted its stake in Installed Building Products by 0.9% in the 4th quarter. Dana Investment Advisors Inc. now owns 7,778 shares of the construction company's stock valued at $1,363,000 after buying an additional 71 shares in the last quarter. Summit Investment Advisors Inc. grew its holdings in Installed Building Products by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,507 shares of the construction company's stock valued at $439,000 after buying an additional 79 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of Installed Building Products by 7.9% during the fourth quarter. Blue Trust Inc. now owns 1,257 shares of the construction company's stock valued at $220,000 after acquiring an additional 92 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC increased its position in Installed Building Products by 2.7% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,518 shares of the construction company's stock worth $617,000 after purchasing an additional 93 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Truist Financial lowered their price target on shares of Installed Building Products from $240.00 to $180.00 and set a "hold" rating for the company in a report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on Installed Building Products in a research report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price objective for the company. The Goldman Sachs Group decreased their price target on Installed Building Products from $262.00 to $228.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Loop Capital dropped their price objective on shares of Installed Building Products from $230.00 to $215.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Finally, StockNews.com lowered shares of Installed Building Products from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $216.09.

Installed Building Products Stock Performance

Shares of Installed Building Products stock traded down $1.78 during trading hours on Friday, reaching $168.49. The company's stock had a trading volume of 260,483 shares, compared to its average volume of 334,651. Installed Building Products, Inc. has a one year low of $151.27 and a one year high of $281.04. The company's 50 day simple moving average is $169.32 and its 200 day simple moving average is $191.82. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The stock has a market cap of $4.65 billion, a P/E ratio of 18.72 and a beta of 1.84.

Installed Building Products Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Installed Building Products's previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 0.88%. Installed Building Products's dividend payout ratio is 16.26%.

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.