B. Metzler seel. Sohn & Co. Holding AG Purchases New Stake in Installed Building Products, Inc. (NYSE:IBP)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Installed Building Products, Inc. (NYSE:IBP) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,819 shares of the construction company’s stock, valued at approximately $2,418,000.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Installed Building Products by 0.7% in the first 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 in the last quarter. Swedbank AB increased its position in Installed Building Products by 11.6% during the second quarter. Swedbank AB now owns 415,000 shares of the construction company’s stock worth $85,357,000 after buying an additional 43,000 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in Installed Building Products by 6.5% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 329,166 shares of the construction company’s stock valued at $81,063,000 after purchasing an additional 20,155 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Installed Building Products by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 226,428 shares of the construction company’s stock worth $46,572,000 after buying an additional 4,943 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Installed Building Products by 1,328.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 197,526 shares of the construction company’s stock valued at $51,107,000 after buying an additional 183,696 shares during the period. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on IBP shares. Stephens reiterated an “equal weight” rating and set a $240.00 target price on shares of Installed Building Products in a report on Monday, August 5th. Jefferies Financial Group increased their price objective 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 upped their target price on shares of Installed Building Products from $271.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. StockNews.com upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Finally, Truist Financial upped their price objective on shares of Installed Building Products from $235.00 to $240.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, four have issued 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 a consensus rating of “Hold” and an average price target of $252.30.

Installed Building Products Stock Performance

NYSE:IBP opened at $211.24 on Friday. Installed Building Products, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $281.04. The firm’s 50 day moving average is $230.83 and its two-hundred day moving average is $223.39. The company has a market cap of $5.94 billion, a P/E ratio of 23.47 and a beta of 1.95. 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders 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 0.66%. The ex-dividend date of this dividend is Friday, December 13th. Installed Building Products’s dividend payout ratio is currently 15.56%.

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.