Boston Trust Walden Corp Increases Stock Position in Installed Building Products, Inc. (NYSE:IBP)

Boston Trust Walden Corp increased its stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 56.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 258,256 shares of the construction company's stock after purchasing an additional 93,411 shares during the period. Boston Trust Walden Corp owned approximately 0.94% of Installed Building Products worth $44,281,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Curio Wealth LLC acquired a new stake in Installed Building Products in the fourth quarter valued at about $30,000. UMB Bank n.a. boosted its stake in Installed Building Products by 142.1% in the first quarter. UMB Bank n.a. now owns 184 shares of the construction company's stock valued at $32,000 after buying an additional 108 shares in the last quarter. Fifth Third Bancorp boosted its stake in Installed Building Products by 74.6% in the first quarter. Fifth Third Bancorp now owns 227 shares of the construction company's stock valued at $39,000 after buying an additional 97 shares in the last quarter. McIlrath & Eck LLC boosted its stake in Installed Building Products by 32.3% in the fourth quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock valued at $44,000 after buying an additional 61 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Installed Building Products by 295.7% in the fourth 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 in the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Installed Building Products Trading Up 5.7%

Shares of Installed Building Products stock traded up $9.67 during midday trading on Monday, reaching $180.02. The company had a trading volume of 505,852 shares, compared to its average volume of 347,753. The stock has a fifty day moving average price of $164.32 and a 200 day moving average price of $174.75. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.89 and a quick ratio of 2.31. The firm has a market cap of $4.97 billion, a PE ratio of 20.53 and a beta of 1.73. Installed Building Products, Inc. has a fifty-two week low of $150.83 and a fifty-two week high of $281.04.

Installed Building Products (NYSE:IBP - Get Free Report) last posted 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). The company had revenue of $684.80 million during the quarter, compared to analyst estimates of $681.34 million. Installed Building Products had a return on equity of 60.73% and a net margin of 8.39%. Installed Building Products's revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.47 earnings per share. On average, equities analysts anticipate 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. Shareholders 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 0.82%. The ex-dividend date of this dividend is Friday, June 13th. Installed Building Products's payout ratio is 16.88%.

Analysts Set New Price Targets

Several research firms recently weighed in on IBP. Benchmark reduced 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. Wall Street Zen lowered Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. 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. Truist Financial cut their price target on Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a research note on Monday, March 3rd. Finally, DA Davidson cut 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock 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.