Installed Building Products, Inc. (NYSE:IBP) Shares Purchased by Ascent Group LLC

Ascent Group LLC grew its holdings in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 18.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,357 shares of the construction company's stock after buying an additional 3,671 shares during the period. Ascent Group LLC owned 0.08% of Installed Building Products worth $4,093,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in IBP. Curio Wealth LLC bought a new stake in Installed Building Products during the 4th quarter valued at approximately $30,000. McIlrath & Eck LLC grew its position in Installed Building Products by 32.3% in the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock valued at $44,000 after acquiring an additional 61 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Installed Building Products by 295.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock valued at $64,000 after buying an additional 272 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in Installed Building Products during the 4th quarter worth $90,000. Finally, Headlands Technologies LLC grew its holdings in Installed Building Products by 819.0% during the 4th quarter. Headlands Technologies LLC now owns 726 shares of the construction company's stock worth $127,000 after acquiring an additional 647 shares in the last quarter. Institutional investors own 99.61% of the company's stock.

Installed Building Products Price Performance

Shares of NYSE:IBP traded down $0.95 during midday trading on Friday, hitting $159.05. The company had a trading volume of 135,359 shares, compared to its average volume of 395,236. The business's 50-day simple moving average is $165.26 and its 200-day simple moving average is $181.09. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 17.67 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, Inc. has a twelve month low of $150.83 and a twelve month high of $281.04.

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 for the quarter, missing the consensus estimate of $2.23 by ($0.15). Installed Building Products had a net margin of 8.74% and a return on equity of 43.56%. The firm had revenue of $684.80 million for the quarter, compared to analyst estimates of $681.34 million. During the same period in the previous year, the firm posted $2.47 EPS. The company's revenue was down 1.2% compared to the same quarter last year. On average, research analysts predict that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

Installed Building Products Dividend Announcement

The firm also recently declared 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. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Friday, June 13th. Installed Building Products's dividend payout ratio is presently 16.88%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on IBP. DA Davidson dropped their target price 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. Truist Financial lowered their price target on shares of Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a report on Monday, March 3rd. Loop Capital lowered their target price on shares of Installed Building Products from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Deutsche Bank Aktiengesellschaft began coverage on 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. Finally, Benchmark reduced their price objective on shares of Installed Building Products from $210.00 to $185.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target 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.