Crossmark Global Holdings Inc. Has $447,000 Holdings in Installed Building Products, Inc. (NYSE:IBP)

Crossmark Global Holdings Inc. trimmed its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 39.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,818 shares of the construction company’s stock after selling 1,168 shares during the period. Crossmark Global Holdings Inc.’s holdings in Installed Building Products were worth $447,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of IBP. Swedbank AB bought a new stake in Installed Building Products during the 1st quarter worth about $96,248,000. Price T Rowe Associates Inc. MD raised its stake in shares of Installed Building Products by 1,328.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 197,526 shares of the construction company’s stock worth $51,107,000 after buying an additional 183,696 shares during the last quarter. Millennium Management LLC raised its stake in shares of Installed Building Products by 395.3% during the second quarter. Millennium Management LLC now owns 143,166 shares of the construction company’s stock worth $29,446,000 after buying an additional 114,259 shares during the last quarter. Leeward Investments LLC MA acquired a new position in Installed Building Products in the third quarter valued at approximately $17,972,000. Finally, Renaissance Technologies LLC boosted its stake in Installed Building Products by 2,912.0% in the second quarter. Renaissance Technologies LLC now owns 75,300 shares of the construction company’s stock valued at $15,488,000 after acquiring an additional 72,800 shares during the last quarter. 99.61% of the stock is owned by institutional investors.

Installed Building Products Stock Down 3.8 %

Shares of IBP stock opened at $200.02 on Friday. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 22.22 and a beta of 1.95. Installed Building Products, Inc. has a 12-month low of $138.37 and a 12-month high of $281.04. The firm has a fifty day moving average of $230.77 and a 200-day moving average of $224.15. 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 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 paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Friday, December 13th. Installed Building Products’s dividend payout ratio is 15.56%.

Analyst Ratings Changes

A number of research firms have recently weighed in on IBP. Jefferies Financial Group increased their price target on Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. 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. 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. StockNews.com upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a research report on Friday. Finally, The Goldman Sachs Group boosted their price objective 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Installed Building Products presently has an average rating of “Hold” and an average target price of $252.30.

About Installed Building Products

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.