Mariner LLC Sells 274 Shares of Installed Building Products, Inc. (NYSE:IBP)

Mariner LLC decreased its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 11.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,151 shares of the construction company’s stock after selling 274 shares during the period. Mariner LLC’s holdings in Installed Building Products were worth $377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IBP. Vanguard Group Inc. grew its holdings in shares of Installed Building Products by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 2,636,803 shares of the construction company’s stock worth $462,100,000 after acquiring an additional 16,597 shares during the period. FIL Ltd grew its stake in Installed Building Products by 14.0% in the fourth quarter. FIL Ltd now owns 1,039,038 shares of the construction company’s stock worth $182,091,000 after purchasing an additional 127,215 shares during the period. Geode Capital Management LLC grew its stake in Installed Building Products by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 633,556 shares of the construction company’s stock worth $111,053,000 after purchasing an additional 10,553 shares during the period. Giverny Capital Inc. raised its holdings in Installed Building Products by 3.6% in the fourth quarter. Giverny Capital Inc. now owns 504,735 shares of the construction company’s stock worth $88,455,000 after purchasing an additional 17,620 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Installed Building Products by 25.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 412,371 shares of the construction company’s stock valued at $72,268,000 after buying an additional 83,205 shares in the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Trading Up 2.7 %

Shares of Installed Building Products stock opened at $171.08 on Friday. The firm’s 50 day simple moving average is $169.23 and its two-hundred day simple moving average is $189.42. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 19.01 and a beta of 1.84. Installed Building Products, Inc. has a 12-month low of $151.27 and a 12-month high of $281.04. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.37 dividend. This is an increase from Installed Building Products’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Friday, March 14th. Installed Building Products’s dividend payout ratio is 16.26%.

Analyst Ratings Changes

Several equities research analysts have commented on the company. StockNews.com downgraded Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Benchmark cut their price objective on shares of Installed Building Products from $250.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Installed Building Products in a report on Tuesday, April 1st. They issued a “hold” rating and a $183.00 target price for the company. Loop Capital cut their price target on shares of Installed Building Products from $230.00 to $215.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Finally, DA Davidson decreased 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 report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $216.09.

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.