Janus Henderson Group PLC Reduces Position in Installed Building Products, Inc. (NYSE:IBP)

Janus Henderson Group PLC reduced its stake in Installed Building Products, Inc. (NYSE:IBP) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,571 shares of the construction company’s stock after selling 260 shares during the quarter. Janus Henderson Group PLC’s holdings in Installed Building Products were worth $3,588,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of IBP. V Square Quantitative Management LLC acquired a new position in Installed Building Products during the third quarter worth $29,000. GHP Investment Advisors Inc. raised its holdings in Installed Building Products by 185.7% during 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 during the last quarter. Advisors Asset Management Inc. raised its holdings in Installed Building Products by 152.2% during the third quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock worth $57,000 after purchasing an additional 140 shares during the last quarter. CWM LLC raised its holdings in Installed Building Products by 32.1% during the second quarter. CWM LLC now owns 255 shares of the construction company’s stock worth $52,000 after purchasing an additional 62 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new position in Installed Building Products during the third quarter worth $111,000. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Installed Building Products Price Performance

Shares of NYSE:IBP opened at $208.60 on Thursday. The business has a fifty day simple moving average of $225.33 and a 200-day simple moving average of $222.97. Installed Building Products, Inc. has a 52 week low of $158.50 and a 52 week high of $281.04. 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 company has a market cap of $5.87 billion, a P/E ratio of 23.18 and a beta of 1.93.

Installed Building Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Friday, December 13th. Installed Building Products’s dividend payout ratio (DPR) is presently 15.56%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on IBP. Evercore ISI boosted their price target on Installed Building Products from $271.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. boosted their price target on Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. DA Davidson cut their price target on Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a report on Friday, November 8th. Jefferies Financial Group boosted their price target on Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, StockNews.com raised Installed Building Products from a “hold” rating to a “buy” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.