Cooper Investors PTY Ltd. raised its position in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 6.3% during the first quarter, according to its most recent filing with the SEC. The firm owned 25,031 shares of the construction company's stock after purchasing an additional 1,492 shares during the period. Cooper Investors PTY Ltd. owned 0.09% of Installed Building Products worth $4,292,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the company. Principal Securities Inc. increased its position in Installed Building Products by 20.0% in the 4th quarter. Principal Securities Inc. now owns 1,118 shares of the construction company's stock valued at $196,000 after buying an additional 186 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in Installed Building Products by 5.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 10,145 shares of the construction company's stock valued at $1,778,000 after acquiring an additional 505 shares during the period. Principal Financial Group Inc. grew its stake in Installed Building Products by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 126,872 shares of the construction company's stock valued at $22,234,000 after acquiring an additional 4,467 shares during the period. Sanctuary Advisors LLC increased its holdings 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 valued at $274,000 after acquiring an additional 128 shares in the last quarter. Finally, Handelsbanken Fonder AB raised its position in shares of Installed Building Products by 7.2% during the fourth quarter. Handelsbanken Fonder AB now owns 5,965 shares of the construction company's stock worth $1,045,000 after purchasing an additional 400 shares during the period. 99.61% of the stock is owned by institutional investors.
Installed Building Products Stock Up 1.1%
NYSE:IBP traded up $2.01 on Friday, hitting $178.81. The stock had a trading volume of 302,648 shares, compared to its average volume of 348,950. Installed Building Products, Inc. has a 1 year low of $150.83 and a 1 year high of $281.04. The firm's fifty day simple moving average is $165.84 and its two-hundred day simple moving average is $174.32. 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 stock has a market cap of $4.94 billion, a P/E ratio of 20.39 and a beta of 1.73.
Installed Building Products (NYSE:IBP - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The construction company reported $2.08 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $684.80 million during the quarter, compared to analysts' expectations of $681.34 million. During the same period last year, the firm posted $2.47 earnings per share. Installed Building Products's quarterly revenue was down 1.2% compared to the same quarter last year. Analysts predict that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.
Installed Building Products Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid 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 payout ratio is 16.88%.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. Wall Street Zen downgraded shares of Installed Building Products from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Loop Capital dropped their price objective on shares of 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. Truist Financial decreased their target price on shares of 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. DA Davidson dropped their price target on shares of 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. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Installed Building Products in a research note on Tuesday, April 1st. They set a "hold" rating and a $183.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $212.45.
View Our Latest Stock Report on Installed Building Products
Installed Building Products Company Profile
(
Free Report)
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.
Featured Articles

Before you consider Installed Building Products, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Installed Building Products wasn't on the list.
While Installed Building Products currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.