Bessemer Group Inc. Buys 3,617 Shares of Installed Building Products, Inc. (NYSE:IBP)

Bessemer Group Inc. lifted its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 5.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,932 shares of the construction company's stock after purchasing an additional 3,617 shares during the period. Bessemer Group Inc. owned about 0.25% of Installed Building Products worth $11,818,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC grew its position in shares of Installed Building Products by 8.9% during the fourth quarter. Sanctuary Advisors LLC now owns 1,561 shares of the construction company's stock worth $274,000 after acquiring an additional 128 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in Installed Building Products by 7.2% in the 4th quarter. Handelsbanken Fonder AB now owns 5,965 shares of the construction company's stock valued at $1,045,000 after acquiring an additional 400 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Installed Building Products by 2.3% in the 4th quarter. Bank of New York Mellon Corp now owns 205,283 shares of the construction company's stock valued at $35,976,000 after acquiring an additional 4,641 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in Installed Building Products by 3.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 13,631 shares of the construction company's stock valued at $2,389,000 after buying an additional 486 shares in the last quarter. Finally, Fortress Financial Group LLC purchased a new stake in Installed Building Products during the fourth quarter valued at about $413,000. 99.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on IBP shares. Wall Street Zen lowered shares of Installed Building Products from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. DA Davidson lowered their price target on Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Deutsche Bank Aktiengesellschaft began coverage on Installed Building Products in a report on Tuesday, April 1st. They set a "hold" rating and a $183.00 price target on the stock. Loop Capital lowered their price target on Installed Building Products from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Finally, Truist Financial lowered their price target on Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a report on Monday, March 3rd. Two 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. According to MarketBeat.com, Installed Building Products presently has a consensus rating of "Hold" and an average target price of $212.45.

Installed Building Products Stock Performance

Shares of IBP traded up $2.01 during mid-day trading on Friday, hitting $178.81. The company's stock had a trading volume of 302,648 shares, compared to its average volume of 348,744. Installed Building Products, Inc. has a one year low of $150.83 and a one year high of $281.04. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.31 and a current ratio of 2.89. The firm has a market capitalization of $4.94 billion, a PE ratio of 20.39 and a beta of 1.73. The stock's 50-day moving average is $165.43 and its two-hundred day moving average is $174.53.

Installed Building Products (NYSE:IBP - Get Free Report) last issued 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 60.73% and a net margin of 8.39%. The firm's revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the business earned $2.47 earnings per share. As a group, sell-side analysts anticipate that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.48 annualized dividend and a yield of 0.83%. Installed Building Products's dividend payout ratio (DPR) 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.