Fisher Asset Management LLC Has $1.17 Million Stock Holdings in Installed Building Products, Inc. (NYSE:IBP)

Fisher Asset Management LLC decreased its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 31.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,742 shares of the construction company’s stock after selling 2,143 shares during the period. Fisher Asset Management LLC’s holdings in Installed Building Products were worth $1,168,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in IBP. Millennium Management LLC lifted its position in shares of Installed Building Products by 395.3% during the second quarter. Millennium Management LLC now owns 143,166 shares of the construction company’s stock worth $29,446,000 after purchasing an additional 114,259 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Installed Building Products by 379.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 93,439 shares of the construction company’s stock worth $23,012,000 after buying an additional 73,952 shares in the last quarter. Leeward Investments LLC MA bought a new position in Installed Building Products in the 3rd quarter valued at $17,972,000. Renaissance Technologies LLC boosted its position in Installed Building Products by 2,912.0% in the 2nd quarter. Renaissance Technologies LLC now owns 75,300 shares of the construction company’s stock valued at $15,488,000 after buying an additional 72,800 shares during the last quarter. Finally, Interval Partners LP bought a new stake in shares of Installed Building Products during the second quarter worth $12,749,000. Institutional investors own 99.61% of the company’s stock.

Installed Building Products Stock Up 1.3 %

NYSE:IBP opened at $228.38 on Friday. Installed Building Products, Inc. has a 1 year low of $148.59 and a 1 year high of $281.04. The stock has a 50-day moving average price of $229.82 and a two-hundred day moving average price of $222.90. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 25.38 and a beta of 1.95. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18.

Installed Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Sunday, December 15th will be given a $0.35 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.40 annualized dividend and a dividend yield of 0.61%. Installed Building Products’s dividend payout ratio is presently 15.56%.

Analyst Ratings Changes

IBP has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Evercore ISI lifted their price target on shares of Installed Building Products from $271.00 to $272.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Stephens restated an “equal weight” rating and issued a $240.00 price objective on shares of Installed Building Products in a report on Monday, August 5th. DA Davidson lowered their target price on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, Truist Financial increased their price target on Installed Building Products from $235.00 to $240.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, Installed Building Products presently has a consensus rating of “Hold” and an average price target of $253.70.

Installed Building Products Company Profile

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.