Occudo Quantitative Strategies LP Invests $334,000 in Installed Building Products, Inc. (NYSE:IBP)

Occudo Quantitative Strategies LP acquired a new stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,905 shares of the construction company's stock, valued at approximately $334,000.

A number of other institutional investors have also added to or reduced their stakes in IBP. Barclays PLC lifted its position in shares of Installed Building Products by 61.9% in the 3rd quarter. Barclays PLC now owns 97,711 shares of the construction company's stock worth $24,063,000 after acquiring an additional 37,347 shares during the period. Park Avenue Securities LLC lifted its position in Installed Building Products by 14.3% in the fourth quarter. Park Avenue Securities LLC now owns 3,011 shares of the construction company's stock worth $528,000 after purchasing an additional 376 shares during the period. Radnor Capital Management LLC increased its holdings in Installed Building Products by 61.5% in the 4th quarter. Radnor Capital Management LLC now owns 6,138 shares of the construction company's stock valued at $1,076,000 after buying an additional 2,338 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in shares of Installed Building Products by 34.3% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,399 shares of the construction company's stock valued at $245,000 after buying an additional 357 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in shares of Installed Building Products by 30.4% during the 4th quarter. Inspire Investing LLC now owns 2,490 shares of the construction company's stock worth $436,000 after acquiring an additional 580 shares during the period. 99.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IBP has been the subject of a number of analyst reports. Benchmark cut their price target on shares of Installed Building Products from $210.00 to $185.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Loop Capital lowered their price target on Installed Building Products from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. DA Davidson reduced their target price on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Truist Financial dropped their target price on shares of Installed Building Products from $240.00 to $180.00 and set a "hold" rating for the company in a research report on Monday, March 3rd. Finally, StockNews.com cut shares of Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $212.45.

Installed Building Products Trading Down 1.0%

Shares of NYSE:IBP traded down $1.59 during trading on Wednesday, hitting $159.60. 66,376 shares of the company's stock were exchanged, compared to its average volume of 335,880. 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 $4.41 billion, a P/E ratio of 17.73 and a beta of 1.85. The firm has a 50-day moving average price of $167.56 and a two-hundred day moving average price of $183.87. Installed Building Products, Inc. has a 1-year low of $151.27 and a 1-year high of $281.04.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.15). The business had revenue of $684.80 million during the quarter, compared to the consensus estimate of $681.34 million. Installed Building Products had a net margin of 8.74% and a return on equity of 43.56%. Installed Building Products's revenue was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.47 earnings per share. Equities analysts predict that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

Installed Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.37 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.48 dividend on an annualized basis and a yield of 0.93%. Installed Building Products's dividend payout ratio is presently 16.88%.

Installed Building Products Company 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.