Royal London Asset Management Ltd. Increases Position in Installed Building Products, Inc. (NYSE:IBP)

Royal London Asset Management Ltd. raised its position in Installed Building Products, Inc. (NYSE:IBP) by 21.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,867 shares of the construction company’s stock after purchasing an additional 20,700 shares during the period. Royal London Asset Management Ltd.’s holdings in Installed Building Products were worth $20,831,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of IBP. Curio Wealth LLC purchased a new stake in shares of Installed Building Products in the 4th quarter valued at approximately $30,000. Advisors Asset Management Inc. increased its position 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 purchasing an additional 140 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of Installed Building Products by 295.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company’s stock valued at $64,000 after purchasing an additional 272 shares during the last quarter. Quarry LP increased 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 purchasing an additional 286 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new position in shares of Installed Building Products in the 3rd quarter valued at $111,000. 99.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. DA Davidson dropped their target price on shares of Installed Building Products from $260.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Loop Capital dropped their target price on shares of 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. The Goldman Sachs Group dropped 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 research report on Tuesday, January 14th. JPMorgan Chase & Co. increased their target price on shares of Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Finally, Evercore ISI downgraded shares of Installed Building Products from an “outperform” rating to an “underperform” rating and dropped their target price for the company from $238.00 to $206.00 in a research report 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 MarketBeat, the company has a consensus rating of “Hold” and an average price target of $219.40.

Installed Building Products Stock Down 1.4 %

IBP stock opened at $172.37 on Friday. Installed Building Products, Inc. has a one year low of $159.77 and a one year high of $281.04. The stock has a market capitalization of $4.78 billion, a PE ratio of 19.15 and a beta of 2.05. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The company has a fifty day moving average of $182.19 and a 200-day moving average of $203.88.

Installed Building Products Increases Dividend

The company 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 $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 0.86%. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Installed Building Products’s previous quarterly dividend of $0.35. Installed Building Products’s dividend payout ratio (DPR) is 16.26%.

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.