Deutsche Bank AG Grows Position in Installed Building Products, Inc. (NYSE:IBP)

Deutsche Bank AG raised its holdings in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 8.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 87,360 shares of the construction company's stock after buying 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 SEC filing.

Other hedge funds also recently modified their holdings of the company. Curio Wealth LLC bought a new position in shares of Installed Building Products in the fourth quarter worth $30,000. Smartleaf Asset Management LLC grew its stake 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 worth $64,000 after acquiring an additional 272 shares during the period. Headlands Technologies LLC grew its stake in shares of Installed Building Products by 819.0% during the 4th quarter. Headlands Technologies LLC now owns 726 shares of the construction company's stock valued at $127,000 after purchasing an additional 647 shares during the period. Principal Securities Inc. lifted its position in Installed Building Products by 20.0% during 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 in the last quarter. Finally, MGO One Seven LLC purchased a new position in shares of Installed Building Products in the fourth quarter valued at about $205,000. Hedge funds and other institutional investors own 99.61% of the company's stock.

Installed Building Products Trading Down 2.9%

Shares of IBP stock traded down $4.84 on Monday, reaching $161.53. 260,470 shares of the stock were exchanged, compared to its average volume of 337,147. Installed Building Products, Inc. has a one year low of $151.27 and a one year high of $281.04. The stock has a market cap of $4.46 billion, a PE ratio of 17.95 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. The stock has a 50 day moving average price of $167.91 and a 200 day moving average price of $184.41.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The construction company reported $2.08 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 in the prior year, the firm earned $2.47 EPS. The business's revenue for the quarter was down 1.2% compared to the same quarter last year. Equities research analysts forecast that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal 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 paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Friday, June 13th. Installed Building Products's dividend payout ratio (DPR) is presently 16.88%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on IBP shares. Truist Financial decreased their price target on Installed Building Products from $240.00 to $180.00 and set a "hold" rating for the company in a research note on Monday, March 3rd. Benchmark decreased their price objective 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. Loop Capital dropped their price objective on shares of Installed Building Products from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, May 12th. DA Davidson decreased their price target on 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. Finally, Deutsche Bank Aktiengesellschaft started coverage on Installed Building Products in a research note on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Installed Building Products presently has an average rating of "Hold" and an average target price of $212.45.

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.