Natixis Advisors LLC Has $18.29 Million Stock Position in Installed Building Products, Inc. (NYSE:IBP)

Natixis Advisors LLC grew its position in Installed Building Products, Inc. (NYSE:IBP) by 6.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 74,252 shares of the construction company’s stock after buying an additional 4,451 shares during the period. Natixis Advisors LLC owned approximately 0.26% of Installed Building Products worth $18,286,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in IBP. Allspring Global Investments Holdings LLC acquired a new position in shares of Installed Building Products in the 1st quarter valued at $29,000. Russell Investments Group Ltd. grew its holdings in shares of Installed Building Products by 13,898.5% in the 1st quarter. Russell Investments Group Ltd. now owns 19,178 shares of the construction company’s stock valued at $4,962,000 after buying an additional 19,041 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in shares of Installed Building Products by 25.0% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 8,456 shares of the construction company’s stock valued at $2,188,000 after buying an additional 1,690 shares during the period. Vanguard Group Inc. grew its holdings in shares of Installed Building Products by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,641,445 shares of the construction company’s stock valued at $683,421,000 after buying an additional 18,890 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Installed Building Products by 32.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,979 shares of the construction company’s stock valued at $1,030,000 after buying an additional 972 shares during the period. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Stock Performance

Shares of IBP stock opened at $206.95 on Wednesday. Installed Building Products, Inc. has a one year low of $141.14 and a one year high of $281.04. The company’s 50-day moving average is $230.78 and its 200 day moving average is $223.76. The company has a market capitalization of $5.82 billion, a price-to-earnings ratio of 22.99 and a beta of 1.95. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99.

Installed Building Products Dividend Announcement

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 issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, December 13th. Installed Building Products’s payout ratio is presently 15.56%.

Wall Street Analyst Weigh In

IBP has been the topic of several research reports. Jefferies Financial Group boosted their price objective 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. DA Davidson cut their price objective on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. StockNews.com raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. Evercore ISI boosted their price objective on shares of Installed Building Products from $271.00 to $272.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Stephens reissued an “equal weight” rating and set a $240.00 price target on shares of Installed Building Products in a research report on Monday, August 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $252.30.

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.