Installed Building Products, Inc. (NYSE:IBP) Shares Acquired by Franklin Resources Inc.

Franklin Resources Inc. increased its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 200,866 shares of the construction company’s stock after purchasing an additional 7,100 shares during the quarter. Franklin Resources Inc.’s holdings in Installed Building Products were worth $35,202,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Curio Wealth LLC acquired a new position in shares of Installed Building Products during the fourth quarter worth about $30,000. Smartleaf Asset Management LLC lifted its stake in Installed Building Products by 295.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company’s stock worth $64,000 after acquiring an additional 272 shares during the last quarter. Quarry LP grew its holdings in Installed Building Products by 953.3% during the 3rd quarter. Quarry LP now owns 316 shares of the construction company’s stock worth $78,000 after acquiring an additional 286 shares in the last quarter. Principal Securities Inc. increased its position in shares of Installed Building Products by 20.0% in the 4th quarter. Principal Securities Inc. now owns 1,118 shares of the construction company’s stock valued at $196,000 after purchasing an additional 186 shares during the last quarter. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of Installed Building Products in the 3rd quarter valued at $203,000. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on IBP shares. Seaport Res Ptn lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. DA Davidson lowered their price objective on Installed Building Products from $260.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Benchmark cut their target price on 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. Evercore ISI downgraded Installed Building Products from an “outperform” rating to an “underperform” rating and lowered their price target for the company from $238.00 to $206.00 in a report on Monday, December 16th. Finally, The Goldman Sachs Group dropped their price target 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $216.09.

Installed Building Products Stock Performance

Shares of IBP opened at $173.19 on Friday. The company’s 50 day simple moving average is $177.57 and its 200-day simple moving average is $201.05. The firm has a market cap of $4.81 billion, a PE ratio of 19.24 and a beta of 1.84. Installed Building Products, Inc. has a 12-month low of $157.93 and a 12-month high of $281.04. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18.

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 paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Installed Building Products’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a yield of 0.85%. Installed Building Products’s payout ratio is currently 16.26%.

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.