Centiva Capital LP Purchases New Shares in Installed Building Products, Inc. (NYSE:IBP)

Centiva Capital LP purchased a new stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,809 shares of the construction company's stock, valued at approximately $2,245,000.

Several other large investors have also recently bought and sold shares of IBP. Curio Wealth LLC acquired a new position in shares of Installed Building Products during the 4th quarter worth $30,000. Smartleaf Asset Management LLC raised its position in Installed Building Products by 295.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock worth $64,000 after acquiring an additional 272 shares during the last quarter. Headlands Technologies LLC lifted its holdings in shares of Installed Building Products by 819.0% in the fourth quarter. Headlands Technologies LLC now owns 726 shares of the construction company's stock valued at $127,000 after purchasing an additional 647 shares in the last quarter. Principal Securities Inc. grew its position in shares of Installed Building Products by 20.0% in the fourth quarter. Principal Securities Inc. now owns 1,118 shares of the construction company's stock valued at $196,000 after purchasing an additional 186 shares during the last quarter. Finally, MGO One Seven LLC purchased a new position in shares of Installed Building Products during the 4th quarter worth approximately $205,000. Hedge funds and other institutional investors own 99.61% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on IBP shares. Deutsche Bank Aktiengesellschaft initiated coverage on Installed Building Products in a research report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price objective on the stock. Benchmark cut their target price on Installed Building Products from $210.00 to $185.00 and set a "buy" rating on the stock in a research report on Friday. Truist Financial lowered their price target 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. Loop Capital decreased their target price on Installed Building Products from $230.00 to $215.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Finally, The Goldman Sachs Group lowered their price objective on shares of Installed Building Products from $262.00 to $228.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $213.82.

Installed Building Products Stock Performance

Shares of NYSE:IBP traded down $1.47 during trading on Friday, reaching $161.20. 390,985 shares of the company's stock traded hands, compared to its average volume of 336,260. 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 company has a 50 day moving average of $168.82 and a 200-day moving average of $186.71. The stock has a market capitalization of $4.45 billion, a P/E ratio of 17.91 and a beta of 1.85. Installed Building Products, Inc. has a 12 month low of $151.27 and a 12 month high of $281.04.

Installed Building Products (NYSE:IBP - Get Free Report) last posted its earnings results on Thursday, May 8th. The construction company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.15). The firm had revenue of $684.80 million during the quarter, compared to the consensus estimate of $681.34 million. Installed Building Products had a return on equity of 43.56% and a net margin of 8.74%. Installed Building Products's revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the company posted $2.47 EPS. On average, equities analysts expect 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. Stockholders of record on Friday, June 13th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.48 annualized dividend and a dividend yield of 0.92%. Installed Building Products's dividend payout ratio is currently 16.88%.

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.