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

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

Several other large investors have also recently made changes to their positions in the company. Fifth Third Bancorp boosted its stake in Installed Building Products by 74.6% during the 1st quarter. Fifth Third Bancorp now owns 227 shares of the construction company's stock worth $39,000 after purchasing an additional 97 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Installed Building Products by 8.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,266 shares of the construction company's stock worth $923,000 after buying an additional 405 shares in the last quarter. Smartleaf Asset Management LLC boosted 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. JPMorgan Chase & Co. grew its stake in Installed Building Products by 112.6% during the 4th quarter. JPMorgan Chase & Co. now owns 153,772 shares of the construction company's stock valued at $26,949,000 after acquiring an additional 81,455 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new stake in Installed Building Products during the 4th quarter valued at about $1,621,000. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Installed Building Products Stock Up 1.0%

IBP stock traded up $1.80 during midday trading on Monday, hitting $180.36. The company's stock had a trading volume of 333,752 shares, compared to its average volume of 347,783. The firm has a 50-day simple moving average of $166.36 and a 200-day simple moving average of $173.73. The firm has a market capitalization of $4.98 billion, a P/E ratio of 20.57 and a beta of 1.73. The company has a quick ratio of 2.31, a current ratio of 2.89 and a debt-to-equity ratio of 1.28. Installed Building Products, Inc. has a 52-week low of $150.83 and a 52-week high of $281.04.

Installed Building Products (NYSE:IBP - Get Free Report) last released its earnings results on Thursday, May 8th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.15). Installed Building Products had a net margin of 8.39% and a return on equity of 60.73%. The company had revenue of $684.80 million during the quarter, compared to analysts' expectations of $681.34 million. During the same quarter last year, the business posted $2.47 earnings per share. The company's revenue for the quarter was down 1.2% on a year-over-year basis. As a group, equities analysts forecast 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 issued 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 0.82%. Installed Building Products's dividend payout ratio (DPR) is 16.88%.

Analysts Set New Price Targets

A number of research firms have weighed in on IBP. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Installed Building Products in a research note on Tuesday, April 1st. They issued a "hold" rating and a $183.00 target price on the stock. Loop Capital cut their price target on Installed Building Products from $210.00 to $200.00 and set a "buy" rating for the company in a report on Monday, May 12th. Benchmark lowered their price objective on Installed Building Products from $210.00 to $185.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, Truist Financial cut their price objective on Installed Building Products from $240.00 to $180.00 and set a "hold" rating for the company in a research report on Monday, March 3rd. Two equities research 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 data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $212.45.

Installed Building Products Company 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.