Installed Building Products, Inc. (NYSE:IBP) Shares Sold by Meeder Asset Management Inc.

Meeder Asset Management Inc. decreased its position in Installed Building Products, Inc. (NYSE:IBP) by 84.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 766 shares of the construction company’s stock after selling 4,057 shares during the quarter. Meeder Asset Management Inc.’s holdings in Installed Building Products were worth $134,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of IBP. Curio Wealth LLC acquired a new stake in Installed Building Products in the 4th quarter valued at about $30,000. Quarry LP lifted its stake in Installed Building Products by 953.3% during the third 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. Smartleaf Asset Management LLC boosted its holdings in Installed Building Products by 295.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company’s stock worth $64,000 after buying an additional 272 shares in the last quarter. Coldstream Capital Management Inc. acquired a new position in Installed Building Products in the third quarter worth approximately $203,000. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Installed Building Products by 366.7% in the third quarter. Public Employees Retirement System of Ohio now owns 854 shares of the construction company’s stock valued at $210,000 after buying an additional 671 shares in the last quarter. Institutional investors own 99.61% of the company’s stock.

Analyst Upgrades and Downgrades

IBP has been the topic of a number of recent research reports. The Goldman Sachs Group decreased their target price on Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. StockNews.com cut Installed Building Products from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. DA Davidson reduced their price objective on shares of Installed Building Products from $260.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Evercore ISI downgraded shares of Installed Building Products from an “outperform” rating to an “underperform” rating and dropped their target price for the stock from $238.00 to $206.00 in a research report on Monday, December 16th. Finally, Truist Financial cut 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 report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $219.40.

Installed Building Products Stock Up 0.7 %

IBP stock opened at $171.79 on Tuesday. The company has a 50 day moving average of $180.21 and a two-hundred day moving average of $202.48. 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, Inc. has a 12-month low of $159.77 and a 12-month high of $281.04. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 19.09 and a beta of 2.05.

Installed Building Products Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.37 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 0.86%. This is an increase from Installed Building Products’s previous quarterly dividend of $0.35. Installed Building Products’s 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.