Orion Portfolio Solutions LLC Purchases 1,932 Shares of Installed Building Products, Inc. (NYSE:IBP)

Orion Portfolio Solutions LLC raised its position in Installed Building Products, Inc. (NYSE:IBP) by 100.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,846 shares of the construction company’s stock after buying an additional 1,932 shares during the period. Orion Portfolio Solutions LLC’s holdings in Installed Building Products were worth $947,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. CWM LLC lifted its holdings in Installed Building Products by 32.1% during the second quarter. CWM LLC now owns 255 shares of the construction company’s stock worth $52,000 after acquiring an additional 62 shares during the period. SG Americas Securities LLC raised its stake in shares of Installed Building Products by 80.6% during the 2nd quarter. SG Americas Securities LLC now owns 3,020 shares of the construction company’s stock worth $621,000 after purchasing an additional 1,348 shares during the period. Assenagon Asset Management S.A. boosted its holdings in shares of Installed Building Products by 14.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,618 shares of the construction company’s stock worth $333,000 after buying an additional 209 shares during the last quarter. Summit Global Investments bought a new position in Installed Building Products during the second quarter valued at about $1,146,000. Finally, Louisiana State Employees Retirement System increased its holdings in Installed Building Products by 1.7% during the second quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the construction company’s stock worth $2,427,000 after buying an additional 200 shares during the last quarter. Institutional investors own 99.61% of the company’s stock.

Installed Building Products Trading Down 3.5 %

Shares of IBP opened at $198.50 on Monday. Installed Building Products, Inc. has a twelve month low of $168.08 and a twelve month high of $281.04. The stock has a market cap of $5.59 billion, a PE ratio of 22.06 and a beta of 1.93. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The business’s 50-day moving average price is $223.81 and its 200-day moving average price is $222.97.

Installed Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Sunday, December 15th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Friday, December 13th. Installed Building Products’s dividend payout ratio (DPR) is presently 15.56%.

Analysts Set New Price Targets

A number of research analysts have weighed in on IBP shares. StockNews.com upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a research note on Wednesday, December 4th. 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 report on Wednesday, October 9th. DA Davidson decreased their target price on Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Royal Bank of Canada cut Installed Building Products from a “sector perform” rating to an “underperform” rating and dropped their price target for the company from $203.00 to $197.00 in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. lifted their price objective on Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $253.70.

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.