Margot Lebenberg Carter Sells 2,500 Shares of Installed Building Products, Inc. (NYSE:IBP) Stock

Installed Building Products, Inc. (NYSE:IBP – Get Rating) Director Margot Lebenberg Carter sold 2,500 shares of the firm’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $109.61, for a total transaction of $274,025.00. Following the transaction, the director now directly owns 7,106 shares in the company, valued at $778,888.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Installed Building Products Trading Down 0.3 %

Shares of Installed Building Products stock opened at $107.83 on Wednesday. The company has a market capitalization of $3.05 billion, a price-to-earnings ratio of 13.90 and a beta of 1.69. The company has a quick ratio of 2.16, a current ratio of 2.70 and a debt-to-equity ratio of 1.70. Installed Building Products, Inc. has a 12-month low of $69.44 and a 12-month high of $121.60. The firm’s 50-day moving average price is $108.06 and its two-hundred day moving average price is $93.03.

Installed Building Products Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be paid a $1.23 dividend. This is an increase from Installed Building Products’s previous quarterly dividend of $0.32. This represents a $4.92 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend is Tuesday, March 14th. Installed Building Products’s dividend payout ratio (DPR) is presently 16.24%.

Institutional Investors Weigh In On Installed Building Products

Hedge funds have recently made changes to their positions in the stock. Benjamin Edwards Inc. acquired a new stake in shares of Installed Building Products in the 4th quarter valued at approximately $26,000. Ronald Blue Trust Inc. acquired a new stake in shares of Installed Building Products in the 2nd quarter valued at approximately $43,000. Coppell Advisory Solutions Corp. acquired a new stake in Installed Building Products during the 4th quarter worth approximately $49,000. Covestor Ltd boosted its position in Installed Building Products by 112.4% during the 1st quarter. Covestor Ltd now owns 582 shares of the construction company’s stock worth $49,000 after buying an additional 308 shares during the period. Finally, Lazard Asset Management LLC acquired a new stake in Installed Building Products during the 2nd quarter worth approximately $72,000. 77.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

IBP has been the topic of a number of recent research reports. Royal Bank of Canada raised their price target on shares of Installed Building Products from $79.00 to $85.00 and gave the stock an “underperform” rating in a research report on Thursday, February 23rd. StockNews.com raised shares of Installed Building Products from a “buy” rating to a “strong-buy” rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft raised shares of Installed Building Products from a “hold” rating to a “buy” rating and raised their price target for the stock from $90.00 to $124.00 in a research report on Tuesday, January 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $102.30.

Installed Building Products Company Profile

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Installed Building Products, Inc engages in the business of installing insulation for the residential new construction market. Its products include garage doors, rain gutters, shower doors, closet shelving, and mirrors. The company was founded in 1977 and is headquartered in Columbus, OH.