1,905 Shares in Installed Building Products, Inc. (NYSE:IBP) Purchased by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP purchased a new position in Installed Building Products, Inc. (NYSE:IBP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,905 shares of the construction company's stock, valued at approximately $334,000.

Several other institutional investors have also modified their holdings of IBP. Barclays PLC lifted its stake in shares of Installed Building Products by 61.9% in the third 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 in the last quarter. Park Avenue Securities LLC increased its holdings 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 valued at $528,000 after buying an additional 376 shares during the last quarter. Radnor Capital Management LLC increased its holdings in Installed Building Products by 61.5% in the fourth 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 last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in Installed Building Products by 34.3% in the fourth 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 during the last quarter. Finally, Inspire Investing LLC increased its holdings in Installed Building Products by 30.4% in the fourth quarter. Inspire Investing LLC now owns 2,490 shares of the construction company's stock valued at $436,000 after buying an additional 580 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on IBP shares. Deutsche Bank Aktiengesellschaft started coverage on Installed Building Products in a report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price objective for the company. Truist Financial lowered 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. StockNews.com lowered Installed Building Products from a "buy" rating to a "hold" rating in a report on Friday, February 28th. DA Davidson lowered their price objective on Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a report on Friday, February 28th. Finally, Benchmark lowered their target price on Installed Building Products from $210.00 to $185.00 and set a "buy" rating for the company in a report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $212.45.

Installed Building Products Stock Down 0.8%

NYSE:IBP opened at $161.91 on Friday. Installed Building Products, Inc. has a 52 week low of $151.27 and a 52 week high of $281.04. The firm has a market capitalization of $4.47 billion, a PE ratio of 17.99 and a beta of 1.85. The stock has a 50 day moving average of $168.03 and a 200-day moving average of $185.20. 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 (NYSE:IBP - Get Free Report) last issued 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). Installed Building Products had a return on equity of 43.56% and a net margin of 8.74%. The business had revenue of $684.80 million during the quarter, compared to the consensus estimate of $681.34 million. During the same period last year, the company earned $2.47 earnings per share. The business's quarterly revenue was down 1.2% compared to the same quarter last year. Analysts predict that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Dividend Announcement

The firm 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. This represents a $1.48 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Friday, June 13th. Installed Building Products's dividend payout ratio (DPR) is 16.88%.

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.

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