Cooper Investors PTY Ltd. Buys 1,492 Shares of Installed Building Products, Inc. (NYSE:IBP)

Cooper Investors PTY Ltd. lifted its holdings in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 6.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,031 shares of the construction company's stock after buying an additional 1,492 shares during the period. Cooper Investors PTY Ltd. owned approximately 0.09% of Installed Building Products worth $4,292,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Blue Trust Inc. grew its holdings in shares of Installed Building Products by 7.4% in the first quarter. Blue Trust Inc. now owns 1,212 shares of the construction company's stock worth $208,000 after acquiring an additional 84 shares during the period. Boston Trust Walden Corp grew its stake in shares of Installed Building Products by 56.7% during the 1st quarter. Boston Trust Walden Corp now owns 258,256 shares of the construction company's stock valued at $44,281,000 after purchasing an additional 93,411 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in shares of Installed Building Products by 28.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 530,181 shares of the construction company's stock valued at $90,905,000 after purchasing an additional 117,810 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Installed Building Products by 36.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,079 shares of the construction company's stock valued at $356,000 after purchasing an additional 557 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Installed Building Products by 74.6% in 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 period. 99.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on IBP shares. DA Davidson cut their target price on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Truist Financial reduced their price objective on Installed Building Products from $240.00 to $180.00 and set a "hold" rating for the company in a research note on Monday, March 3rd. Wall Street Zen downgraded Installed Building Products from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Loop Capital decreased their price objective on 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. Finally, Benchmark dropped their price target 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 assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $212.45.

Installed Building Products Price Performance

NYSE IBP traded down $6.01 during trading on Wednesday, hitting $175.99. 345,233 shares of the stock traded hands, compared to its average volume of 348,684. 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 12-month low of $150.83 and a 12-month high of $281.04. The firm has a 50-day simple moving average of $164.67 and a 200-day simple moving average of $174.80. The company has a market capitalization of $4.86 billion, a P/E ratio of 20.07 and a beta of 1.73.

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 return on equity of 60.73% and a net margin of 8.39%. The business had revenue of $684.80 million during the quarter, compared to the consensus estimate of $681.34 million. During the same quarter in the prior year, the firm posted $2.47 EPS. The company's revenue for the quarter was down 1.2% on a year-over-year basis. As a group, analysts predict that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, June 13th. Installed Building Products's dividend payout ratio is 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.