LPL Financial LLC Has $3.87 Million Stock Holdings in Installed Building Products, Inc. (NYSE:IBP)

LPL Financial LLC lowered its position in Installed Building Products, Inc. (NYSE:IBP) by 2.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,404 shares of the construction company’s stock after selling 589 shares during the quarter. LPL Financial LLC’s holdings in Installed Building Products were worth $3,865,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in IBP. Wellington Management Group LLP acquired a new position in Installed Building Products during the 3rd quarter worth about $34,635,000. Raymond James Financial Inc. bought a new position in shares of Installed Building Products during the fourth quarter worth about $23,776,000. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Installed Building Products by 25.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 412,371 shares of the construction company’s stock worth $72,268,000 after acquiring an additional 83,205 shares during the period. Fisher Funds Management LTD bought a new stake in Installed Building Products in the fourth quarter valued at approximately $12,309,000. Finally, Swedbank AB increased its position in Installed Building Products by 26.4% during the 4th quarter. Swedbank AB now owns 330,000 shares of the construction company’s stock valued at $57,832,000 after purchasing an additional 69,000 shares during the period. Institutional investors own 99.61% of the company’s stock.

Installed Building Products Price Performance

Shares of NYSE:IBP opened at $170.97 on Friday. Installed Building Products, Inc. has a twelve month low of $153.85 and a twelve month high of $281.04. The stock’s 50 day moving average is $173.67 and its 200-day moving average is $198.20. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 19.00 and a beta of 1.84.

Installed Building Products Increases Dividend

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

Analysts Set New Price Targets

A number of research firms have recently commented on IBP. Truist Financial reduced their price objective on shares of Installed Building Products from $240.00 to $180.00 and set a “hold” rating on the stock in a research note on Monday, March 3rd. DA Davidson decreased their price target on Installed Building Products from $260.00 to $225.00 and set a “buy” rating for the company in a report on Friday, February 28th. StockNews.com downgraded Installed Building Products from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Benchmark decreased their target price on Installed Building Products from $250.00 to $210.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Finally, Seaport Res Ptn lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $216.09.

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.