Installed Building Products, Inc. (NYSE:IBP) Short Interest Update

Installed Building Products, Inc. (NYSE:IBP) saw a significant decrease in short interest in November. As of November 15th, there was short interest totalling 1,140,000 shares, a decrease of 31.7% from the October 31st total of 1,670,000 shares. Approximately 4.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 280,200 shares, the short-interest ratio is presently 4.1 days.

Installed Building Products Trading Up 1.4 %

Shares of Installed Building Products stock traded up $3.21 on Friday, reaching $228.74. 111,703 shares of the company’s stock were exchanged, compared to its average volume of 294,000. The company has a market capitalization of $6.44 billion, a P/E ratio of 25.06 and a beta of 1.95. Installed Building Products has a 52 week low of $148.59 and a 52 week high of $281.04. The firm’s 50-day moving average is $230.03 and its two-hundred day moving average is $222.90. 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 Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, December 13th. Installed Building Products’s payout ratio is 15.56%.

Analysts Set New Price Targets

Several research firms have recently issued reports on IBP. StockNews.com downgraded Installed Building Products from a “buy” rating to a “hold” rating in a research note on Tuesday. Truist Financial upped their target price on Installed Building Products from $235.00 to $240.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Evercore ISI upped their target price on Installed Building Products from $271.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. upped their target price on Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Finally, 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $253.70.

Hedge Funds Weigh In On Installed Building Products

Institutional investors have recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in shares of Installed Building Products during the third quarter worth approximately $29,000. GHP Investment Advisors Inc. raised its position in shares of Installed Building Products by 185.7% during the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after purchasing an additional 78 shares during the period. Advisors Asset Management Inc. raised its position in shares of Installed Building Products by 152.2% during the third quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock worth $57,000 after purchasing an additional 140 shares during the period. CWM LLC raised its position in shares of 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 purchasing an additional 62 shares during the period. Finally, Quarry LP raised its position in shares of Installed Building Products by 953.3% during the third quarter. Quarry LP now owns 316 shares of the construction company’s stock worth $78,000 after purchasing an additional 286 shares during the period. 99.61% of the stock is owned by institutional investors and hedge funds.

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.