Segall Bryant & Hamill LLC Decreases Holdings in Installed Building Products, Inc. (NYSE:IBP)

Segall Bryant & Hamill LLC lowered its holdings in Installed Building Products, Inc. (NYSE:IBP) by 29.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 56,860 shares of the construction company’s stock after selling 24,215 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Installed Building Products were worth $9,965,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Curio Wealth LLC purchased a new position in Installed Building Products in the fourth quarter valued at approximately $30,000. Advisors Asset Management Inc. boosted its holdings in shares of Installed Building Products by 152.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock valued at $57,000 after buying an additional 140 shares in the last quarter. Quarry LP grew its position in shares of Installed Building Products by 953.3% in the 3rd quarter. Quarry LP now owns 316 shares of the construction company’s stock valued at $78,000 after buying an additional 286 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Installed Building Products by 295.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company’s stock worth $64,000 after acquiring an additional 272 shares in the last quarter. Finally, Centaurus Financial Inc. purchased a new stake in Installed Building Products in the third quarter valued at $111,000. Institutional investors and hedge funds own 99.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Loop Capital cut their target price on Installed Building Products from $230.00 to $215.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Seaport Res Ptn cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Truist Financial decreased their price objective on Installed Building Products from $240.00 to $180.00 and set a “hold” rating for the company in a report on Monday, March 3rd. The Goldman Sachs Group cut their target price on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Evercore ISI cut shares of Installed Building Products from an “outperform” rating to an “underperform” rating and decreased their price target for the stock from $238.00 to $206.00 in a research note on Monday, December 16th. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $219.40.

Installed Building Products Trading Down 1.0 %

Shares of Installed Building Products stock opened at $176.36 on Thursday. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of 19.60 and a beta of 2.05. Installed Building Products, Inc. has a 52-week low of $159.77 and a 52-week high of $281.04. The company’s 50-day simple moving average is $181.74 and its 200-day simple moving average is $203.25. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.84%. This is an increase from Installed Building Products’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, March 14th. Installed Building Products’s dividend payout ratio is 16.26%.

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.