Installed Building Products, Inc. (NYSE:IBP) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its stake in Installed Building Products, Inc. (NYSE:IBP) by 8.6% during the third quarter, Holdings Channel reports. The firm owned 276,383 shares of the construction company’s stock after purchasing an additional 21,942 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Installed Building Products were worth $68,065,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in IBP. V Square Quantitative Management LLC acquired a new position in Installed Building Products in the third quarter valued at $29,000. GHP Investment Advisors Inc. raised its holdings in shares of Installed Building Products by 185.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after purchasing an additional 78 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Installed Building Products by 152.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock valued at $57,000 after purchasing an additional 140 shares in the last quarter. CWM LLC grew its holdings 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 worth $52,000 after purchasing an additional 62 shares during the period. Finally, GAMMA Investing LLC increased its position in Installed Building Products by 41.7% during the 3rd quarter. GAMMA Investing LLC now owns 649 shares of the construction company’s stock worth $160,000 after purchasing an additional 191 shares in the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Installed Building Products Price Performance

Shares of NYSE IBP opened at $225.53 on Friday. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. Installed Building Products, Inc. has a fifty-two week low of $145.75 and a fifty-two week high of $281.04. The business has a 50 day moving average price of $230.03 and a two-hundred day moving average price of $222.90. The firm has a market cap of $6.35 billion, a PE ratio of 25.06 and a beta of 1.95.

Installed Building Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Sunday, December 15th will be paid a $0.35 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.62%. Installed Building Products’s dividend payout ratio (DPR) is presently 15.56%.

Analyst Ratings Changes

IBP has been the topic of a number of recent research reports. Jefferies Financial Group lifted their price target on shares of Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. upped their price target on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. The Goldman Sachs Group increased their price target on Installed Building Products from $260.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 2nd. DA Davidson decreased their target price on Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, Evercore ISI increased their target price on Installed Building Products from $271.00 to $272.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average 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.