GSA Capital Partners LLP Decreases Stake in Installed Building Products, Inc. (NYSE:IBP)

GSA Capital Partners LLP lessened its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 34.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,767 shares of the construction company’s stock after selling 1,463 shares during the quarter. GSA Capital Partners LLP’s holdings in Installed Building Products were worth $681,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. WCM Investment Management LLC acquired a new position in Installed Building Products during the third quarter worth about $15,287,000. Versor Investments LP purchased a new position in Installed Building Products in the 3rd quarter worth approximately $641,000. Lisanti Capital Growth LLC acquired a new position in shares of Installed Building Products during the 3rd quarter worth approximately $5,093,000. Atria Investments Inc grew its position in shares of Installed Building Products by 6.5% in the third quarter. Atria Investments Inc now owns 2,540 shares of the construction company’s stock valued at $625,000 after purchasing an additional 156 shares in the last quarter. Finally, Verdence Capital Advisors LLC acquired a new stake in shares of Installed Building Products in the third quarter valued at approximately $203,000. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Wall Street Analysts Forecast Growth

IBP has been the subject of several analyst reports. The Goldman Sachs Group upped their target price on Installed Building Products from $260.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Truist Financial boosted their price target on shares of Installed Building Products from $235.00 to $240.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Evercore ISI raised their price objective on shares of Installed Building Products from $271.00 to $272.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. DA Davidson reduced their target price on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Finally, StockNews.com raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $252.30.

Installed Building Products Stock Performance

NYSE:IBP opened at $200.02 on Monday. The stock has a market capitalization of $5.63 billion, a P/E ratio of 22.22 and a beta of 1.95. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. Installed Building Products, Inc. has a fifty-two week low of $138.37 and a fifty-two week high of $281.04. The company has a 50 day moving average price of $230.77 and a 200 day moving average price of $224.15.

Installed Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Sunday, December 15th will be issued a $0.35 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.40 annualized dividend and a dividend yield of 0.70%. Installed Building Products’s dividend payout ratio is presently 15.56%.

Installed Building Products 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.