Coldstream Capital Management Inc. Takes $203,000 Position in Installed Building Products, Inc. (NYSE:IBP)

Coldstream Capital Management Inc. purchased a new stake in shares of Installed Building Products, Inc. (NYSE:IBP) during the 3rd quarter, Holdings Channel reports. The fund purchased 827 shares of the construction company’s stock, valued at approximately $203,000.

A number of other institutional investors also recently bought and sold shares of IBP. CWM LLC raised its stake in shares of Installed Building Products by 32.1% in the second quarter. CWM LLC now owns 255 shares of the construction company’s stock valued at $52,000 after acquiring an additional 62 shares during the period. Arkadios Wealth Advisors raised its position in Installed Building Products by 2.5% in the 2nd quarter. Arkadios Wealth Advisors now owns 2,545 shares of the construction company’s stock worth $523,000 after purchasing an additional 63 shares during the period. Xponance Inc. raised its position in Installed Building Products by 5.3% in the 2nd quarter. Xponance Inc. now owns 1,519 shares of the construction company’s stock worth $312,000 after purchasing an additional 76 shares during the period. GHP Investment Advisors Inc. lifted its stake in Installed Building Products by 185.7% in 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 last quarter. Finally, NBC Securities Inc. boosted its position in shares of Installed Building Products by 6.4% during the third quarter. NBC Securities Inc. now owns 1,784 shares of the construction company’s stock valued at $439,000 after buying an additional 108 shares during the period. 99.61% of the stock is currently owned by institutional investors.

Installed Building Products Price Performance

NYSE IBP opened at $191.98 on Wednesday. The firm’s fifty day simple moving average is $222.97 and its two-hundred day simple moving average is $222.87. The firm has a market capitalization of $5.40 billion, a P/E ratio of 21.33 and a beta of 1.93. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. Installed Building Products, Inc. has a 12-month low of $168.08 and a 12-month high of $281.04.

Installed Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Sunday, December 15th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, December 13th. Installed Building Products’s dividend payout ratio is currently 15.56%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on IBP. StockNews.com raised Installed Building Products from a “hold” rating to a “buy” rating in a research note on Wednesday. Seaport Res Ptn downgraded Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Jefferies Financial Group upped their price target on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. DA Davidson decreased their price objective on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, Installed Building Products presently has a consensus rating of “Hold” and a consensus price target of $247.10.

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.