Vaughan Nelson Investment Management L.P. Grows Position in Installed Building Products, Inc. (NYSE:IBP)

Vaughan Nelson Investment Management L.P. raised its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 6.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 329,166 shares of the construction company’s stock after purchasing an additional 20,155 shares during the period. Vaughan Nelson Investment Management L.P. owned 1.17% of Installed Building Products worth $81,063,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new position in shares of Installed Building Products during the 1st quarter valued at approximately $29,000. V Square Quantitative Management LLC bought a new position in shares of Installed Building Products in the third quarter worth approximately $29,000. GHP Investment Advisors Inc. increased its stake in shares of Installed Building Products by 185.7% in the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after purchasing an additional 78 shares in the last quarter. CWM LLC raised its position in shares of Installed Building Products by 32.1% during the 2nd quarter. CWM LLC now owns 255 shares of the construction company’s stock valued at $52,000 after purchasing an additional 62 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of Installed Building Products by 41.7% during the 3rd quarter. GAMMA Investing LLC now owns 649 shares of the construction company’s stock valued at $160,000 after buying an additional 191 shares in the last quarter. Institutional investors own 99.61% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on IBP. Royal Bank of Canada downgraded Installed Building Products from a “sector perform” rating to an “underperform” rating and lowered their price objective for the company from $203.00 to $197.00 in a research report on Friday, November 8th. StockNews.com upgraded Installed Building Products from a “hold” rating to a “buy” rating in a research note on Friday. DA Davidson cut their price objective 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. Truist Financial boosted their target price on shares of Installed Building Products from $235.00 to $240.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Finally, Stephens reaffirmed an “equal weight” rating and set a $240.00 target price on shares of Installed Building Products in a research note on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $252.30.

Installed Building Products Trading Down 3.8 %

IBP stock opened at $200.02 on Friday. Installed Building Products, Inc. has a twelve month low of $138.37 and a twelve month high of $281.04. The stock has a market capitalization of $5.63 billion, a price-to-earnings ratio of 22.22 and a beta of 1.95. 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’s fifty day simple moving average is $230.77 and its two-hundred day simple moving average is $224.15.

Installed Building Products Announces Dividend

The company 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. This represents a $1.40 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Friday, December 13th. Installed Building Products’s dividend payout ratio (DPR) is currently 15.56%.

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.