Installed Building Products, Inc. (NYSE:IBP) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its holdings in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 72.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,907 shares of the construction company's stock after selling 15,194 shares during the quarter. BNP Paribas Financial Markets' holdings in Installed Building Products were worth $1,035,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Barclays PLC raised its stake in Installed Building Products by 61.9% in the 3rd quarter. Barclays PLC now owns 97,711 shares of the construction company's stock valued at $24,063,000 after purchasing an additional 37,347 shares during the last quarter. Park Avenue Securities LLC grew its holdings in shares of Installed Building Products by 14.3% during the 4th quarter. Park Avenue Securities LLC now owns 3,011 shares of the construction company's stock worth $528,000 after purchasing an additional 376 shares during the period. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Installed Building Products by 34.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,399 shares of the construction company's stock worth $245,000 after purchasing an additional 357 shares during the period. Inspire Investing LLC grew its holdings in shares of Installed Building Products by 30.4% during the 4th quarter. Inspire Investing LLC now owns 2,490 shares of the construction company's stock worth $436,000 after purchasing an additional 580 shares during the period. Finally, Blue Trust Inc. grew its holdings in shares of Installed Building Products by 7.9% during the 4th quarter. Blue Trust Inc. now owns 1,257 shares of the construction company's stock worth $220,000 after purchasing an additional 92 shares during the period. 99.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on IBP shares. Benchmark lowered their target price on Installed Building Products from $210.00 to $185.00 and set a "buy" rating for the company in a report on Friday, May 9th. DA Davidson cut their target price on Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Loop Capital cut their price target on Installed Building Products from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Wall Street Zen lowered Installed Building Products from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Truist Financial dropped their target price 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 equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Installed Building Products has a consensus rating of "Hold" and a consensus price target of $212.45.

Installed Building Products Price Performance

IBP traded up $1.35 during trading on Monday, reaching $156.73. 380,762 shares of the stock were exchanged, compared to its average volume of 338,391. The business's 50 day moving average price is $166.25 and its two-hundred day moving average price is $181.76. 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 company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 17.41 and a beta of 1.85. Installed Building Products, Inc. has a 1 year low of $150.83 and a 1 year high of $281.04.

Installed Building Products (NYSE:IBP - Get Free Report) last issued its quarterly earnings data 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). Installed Building Products had a net margin of 8.74% and a return on equity of 43.56%. The company had revenue of $684.80 million during the quarter, compared to analysts' expectations of $681.34 million. During the same quarter in the prior year, the company earned $2.47 earnings per share. The firm's revenue was down 1.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Installed Building Products, Inc. will post 10.66 earnings per share for the current 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 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 dividend yield of 0.94%. 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.