Radnor Capital Management LLC Buys 2,338 Shares of Installed Building Products, Inc. (NYSE:IBP)

Radnor Capital Management LLC lifted its stake in Installed Building Products, Inc. (NYSE:IBP) by 61.5% during the fourth quarter, Holdings Channel reports. The fund owned 6,138 shares of the construction company’s stock after acquiring an additional 2,338 shares during the quarter. Radnor Capital Management LLC’s holdings in Installed Building Products were worth $1,076,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in Installed Building Products during the third quarter valued at approximately $29,000. GHP Investment Advisors Inc. boosted its holdings in shares of Installed Building Products by 185.7% during the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after buying an additional 78 shares during the period. Advisors Asset Management Inc. grew its stake in Installed Building Products by 152.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock valued at $57,000 after buying an additional 140 shares during the last quarter. Quarry LP raised its holdings in Installed Building Products by 953.3% in the 3rd quarter. Quarry LP now owns 316 shares of the construction company’s stock worth $78,000 after acquiring an additional 286 shares during the period. Finally, Centaurus Financial Inc. acquired a new position in Installed Building Products during the 3rd quarter worth $111,000. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Installed Building Products Stock Up 3.5 %

Shares of IBP stock opened at $194.03 on Thursday. The stock has a market cap of $5.46 billion, a P/E ratio of 21.56 and a beta of 1.98. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. The stock has a fifty day moving average price of $198.02 and a 200 day moving average price of $218.05. Installed Building Products, Inc. has a one year low of $169.02 and a one year high of $281.04.

Installed Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.40 annualized dividend and a dividend yield of 0.72%. Installed Building Products’s dividend payout ratio (DPR) is currently 15.56%.

Analyst Upgrades and Downgrades

IBP has been the topic of several research analyst reports. Evercore ISI downgraded Installed Building Products from an “outperform” rating to an “underperform” rating and lowered their price target for the company from $238.00 to $206.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. raised 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. Seaport Res Ptn lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. StockNews.com upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a research note on Wednesday, December 18th. Finally, The Goldman Sachs Group cut their target price on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a research note on Tuesday. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Installed Building Products presently has a consensus rating of “Hold” and a consensus price target of $240.40.

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.