Curio Wealth LLC Purchases Shares of 169 Installed Building Products, Inc. (NYSE:IBP)

Curio Wealth LLC purchased a new stake in shares of Installed Building Products, Inc. (NYSE:IBP) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 169 shares of the construction company’s stock, valued at approximately $30,000.

Several other large investors have also added to or reduced their stakes in the company. Cibc World Markets Corp purchased a new stake in Installed Building Products during the 4th quarter valued at about $393,000. Royce & Associates LP lifted its holdings in shares of Installed Building Products by 19.4% in the 4th quarter. Royce & Associates LP now owns 162,163 shares of the construction company’s stock valued at $28,419,000 after buying an additional 26,330 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Installed Building Products by 15.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,105 shares of the construction company’s stock valued at $369,000 after buying an additional 282 shares during the period. Natixis Advisors LLC lifted its holdings in shares of Installed Building Products by 16.9% in the 4th quarter. Natixis Advisors LLC now owns 86,803 shares of the construction company’s stock valued at $15,213,000 after buying an additional 12,551 shares during the period. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Installed Building Products by 23.4% in the 4th quarter. First Eagle Investment Management LLC now owns 59,528 shares of the construction company’s stock valued at $10,432,000 after buying an additional 11,300 shares during the period. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Price Performance

NYSE:IBP opened at $171.12 on Tuesday. Installed Building Products, Inc. has a 12 month low of $159.77 and a 12 month high of $281.04. The stock has a 50 day moving average of $182.29 and a two-hundred day moving average of $205.00. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The firm has a market cap of $4.75 billion, a P/E ratio of 19.01 and a beta of 2.05.

Installed Building Products Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.37 per share. This is a positive change from Installed Building Products’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 0.86%. The ex-dividend date is Friday, March 14th. Installed Building Products’s payout ratio is 16.26%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Seaport Res Ptn cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. JPMorgan Chase & Co. boosted their price objective on Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. StockNews.com cut Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Truist Financial decreased their price objective on Installed Building Products from $240.00 to $180.00 and set a “hold” rating for the company in a report on Monday, March 3rd. Finally, The Goldman Sachs Group reduced their price target on Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Installed Building Products presently has a consensus rating of “Hold” and an average target price of $219.40.

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.