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

Segall Bryant & Hamill LLC cut its stake in Installed Building Products, Inc. (NYSE:IBP) by 29.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,860 shares of the construction company’s stock after selling 24,215 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.20% of Installed Building Products worth $9,965,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Pathstone Holdings LLC raised its stake in Installed Building Products by 91.6% during the third quarter. Pathstone Holdings LLC now owns 7,102 shares of the construction company’s stock worth $1,749,000 after purchasing an additional 3,396 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of Installed Building Products by 152.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock worth $57,000 after buying an additional 140 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Installed Building Products by 8.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 276,383 shares of the construction company’s stock valued at $68,065,000 after buying an additional 21,942 shares during the period. Citigroup Inc. lifted its holdings in Installed Building Products by 54.0% in the third quarter. Citigroup Inc. now owns 47,235 shares of the construction company’s stock valued at $11,633,000 after acquiring an additional 16,569 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new position in Installed Building Products in the third quarter worth approximately $111,000. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Trading Down 1.0 %

IBP opened at $176.36 on Thursday. The business has a fifty day moving average price of $181.74 and a 200 day moving average price of $203.25. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. Installed Building Products, Inc. has a 12 month low of $159.77 and a 12 month high of $281.04. The stock has a market capitalization of $4.90 billion, a price-to-earnings ratio of 19.60 and a beta of 2.05.

Installed Building Products Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.37 dividend. This is a boost from Installed Building Products’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 0.84%. Installed Building Products’s dividend payout ratio (DPR) is 16.26%.

Wall Street Analyst Weigh In

IBP has been the topic of a number of research analyst reports. StockNews.com downgraded Installed Building Products from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Benchmark reduced their price objective on shares of Installed Building Products from $250.00 to $210.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Seaport Res Ptn lowered shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Truist Financial reduced their price target on shares of Installed Building Products from $240.00 to $180.00 and set a “hold” rating on the stock in a research note on Monday, March 3rd. Finally, Loop Capital decreased their price objective on shares of Installed Building Products from $230.00 to $215.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Installed Building Products presently has an average rating of “Hold” and an average price target of $219.40.

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.