Amundi Increases Stock Position in Installed Building Products, Inc. (NYSE:IBP)

Amundi lifted its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 193.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,024 shares of the construction company’s stock after buying an additional 7,922 shares during the quarter. Amundi’s holdings in Installed Building Products were worth $2,118,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of IBP. Advisors Asset Management Inc. lifted its stake in shares of Installed Building Products by 152.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock valued at $57,000 after buying an additional 140 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in Installed Building Products by 295.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company’s stock worth $64,000 after purchasing an additional 272 shares in the last quarter. Quarry LP lifted its stake in Installed Building Products by 953.3% in the 3rd quarter. Quarry LP now owns 316 shares of the construction company’s stock worth $78,000 after purchasing an additional 286 shares in the last quarter. Centaurus Financial Inc. purchased a new stake in Installed Building Products in the 3rd quarter worth approximately $111,000. Finally, Principal Securities Inc. lifted its stake in Installed Building Products by 20.0% in the 4th quarter. Principal Securities Inc. now owns 1,118 shares of the construction company’s stock worth $196,000 after purchasing an additional 186 shares in the last quarter. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Installed Building Products Price Performance

IBP stock opened at $171.12 on Tuesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. Installed Building Products, Inc. has a 52 week low of $159.77 and a 52 week high of $281.04. The firm’s fifty day moving average is $182.29 and its 200 day moving average is $205.00. The firm has a market cap of $4.75 billion, a P/E ratio of 19.01 and a beta of 2.05.

Installed Building Products Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 annualized dividend and a dividend yield of 0.86%. This is a positive change from Installed Building Products’s previous quarterly dividend of $0.35. Installed Building Products’s dividend payout ratio (DPR) is currently 16.26%.

Analyst Ratings Changes

Several research firms have issued reports on IBP. The Goldman Sachs Group lowered their target price on shares of 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. Seaport Res Ptn cut shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Evercore ISI cut shares of Installed Building Products from an “outperform” rating to an “underperform” rating and lowered their target price for the stock from $238.00 to $206.00 in a research note on Monday, December 16th. Loop Capital lowered their target price on shares of Installed Building Products from $230.00 to $215.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Finally, Benchmark lowered their price objective on shares of Installed Building Products from $250.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Installed Building Products presently has an average rating of “Hold” and an average target price of $219.40.

Installed Building Products 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.