Installed Building Products, Inc. (NYSE:IBP) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 4.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,891 shares of the construction company’s stock after selling 290 shares during the period. Amalgamated Bank’s holdings in Installed Building Products were worth $1,697,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new position in shares of Installed Building Products during the 1st quarter worth about $29,000. V Square Quantitative Management LLC purchased a new position in shares of Installed Building Products during the 3rd quarter worth about $29,000. GHP Investment Advisors Inc. lifted its holdings in shares of Installed Building Products by 185.7% during the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after acquiring an additional 78 shares during the period. CWM LLC lifted 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 acquiring an additional 62 shares during the period. Finally, Headlands Technologies LLC purchased a new position in shares of Installed Building Products during the 1st quarter worth about $68,000. 99.61% of the stock is owned by institutional investors and hedge funds.

Installed Building Products Trading Down 1.5 %

IBP opened at $207.65 on Wednesday. Installed Building Products, Inc. has a 52-week low of $124.01 and a 52-week high of $281.04. The company has a quick ratio of 2.59, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $5.86 billion, a P/E ratio of 23.07 and a beta of 1.95. The firm’s 50 day moving average is $230.84 and its 200-day moving average is $224.77.

Installed Building Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, December 13th. Installed Building Products’s payout ratio is currently 15.56%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Evercore ISI increased their price objective on shares of Installed Building Products from $271.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group raised their price target on shares of Installed Building Products from $260.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Stephens restated an “equal weight” rating and issued a $240.00 price target on shares of Installed Building Products in a report on Monday, August 5th. DA Davidson cut their price target on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, Jefferies Financial Group raised their price target on shares of Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Installed Building Products currently has an average rating of “Hold” and a consensus price target of $252.30.

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.