Deutsche Bank AG Boosts Stock Holdings in Installed Building Products, Inc. (NYSE:IBP)

Deutsche Bank AG lifted its holdings in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 8.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 87,360 shares of the construction company's stock after purchasing an additional 6,925 shares during the quarter. Deutsche Bank AG owned 0.31% of Installed Building Products worth $15,310,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in IBP. Commonwealth Equity Services LLC increased its position in Installed Building Products by 8.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 5,266 shares of the construction company's stock worth $923,000 after purchasing an additional 405 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Installed Building Products by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 126,872 shares of the construction company's stock worth $22,234,000 after buying an additional 4,467 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in shares of Installed Building Products by 295.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock valued at $64,000 after acquiring an additional 272 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Installed Building Products by 112.6% in the fourth quarter. JPMorgan Chase & Co. now owns 153,772 shares of the construction company's stock worth $26,949,000 after acquiring an additional 81,455 shares during the last quarter. Finally, Moody Aldrich Partners LLC raised its stake in Installed Building Products by 28.3% during the 4th quarter. Moody Aldrich Partners LLC now owns 20,729 shares of the construction company's stock valued at $3,633,000 after purchasing an additional 4,568 shares during the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on IBP shares. Loop Capital dropped their price objective on shares of Installed Building Products from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Truist Financial lowered their price objective on Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a research report on Monday, March 3rd. StockNews.com cut Installed Building Products from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Benchmark lowered their price target on shares of Installed Building Products from $210.00 to $185.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Installed Building Products in a research report on Tuesday, April 1st. They set a "hold" rating and a $183.00 target price on the stock. Two equities 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 MarketBeat, Installed Building Products has an average rating of "Hold" and an average target price of $212.45.

Installed Building Products Stock Down 0.4%

NYSE:IBP traded down $0.57 on Wednesday, hitting $160.62. 46,298 shares of the company's stock were exchanged, compared to its average volume of 387,843. The firm has a 50-day moving average price of $167.56 and a 200-day moving average price of $183.87. Installed Building Products, Inc. has a 52 week low of $151.27 and a 52 week high of $281.04. The company has a market cap of $4.43 billion, a P/E ratio of 17.85 and a beta of 1.85. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.15). The company had revenue of $684.80 million for 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%. The company's revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the firm posted $2.47 earnings per share. As a group, analysts expect that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.37 per share. The ex-dividend date 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%.

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.