Deutsche Bank AG Sells 9,862 Shares of Installed Building Products, Inc. $IBP

Key Points

• Deutsche Bank AG has reduced its stake in Installed Building Products, Inc. by 11.3% during the first quarter, now holding approximately $13.29 million worth of shares.
• Several institutional investors, including Vanguard Group Inc. and T. Rowe Price Investment Management Inc., have increased their holdings in Installed Building Products, indicating significant investor interest and confidence in the company.
• The company reported strong earnings of $2.95 EPS, exceeding estimates, and declared a quarterly dividend of $0.37, reflecting ongoing financial stability.

Deutsche Bank AG lowered its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 11.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 77,498 shares of the construction company's stock after selling 9,862 shares during the quarter. Deutsche Bank AG owned 0.28% of Installed Building Products worth $13,288,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of IBP. UMB Bank n.a. boosted its position in Installed Building Products by 142.1% during the 1st quarter. UMB Bank n.a. now owns 184 shares of the construction company's stock worth $32,000 after acquiring an additional 108 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of 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 in the last quarter. McIlrath & Eck LLC raised its stake in shares of Installed Building Products by 32.3% during the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock worth $44,000 after purchasing an additional 61 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new stake in shares of Installed Building Products during the 4th quarter worth approximately $90,000. Finally, CWM LLC raised its stake in shares of Installed Building Products by 178.7% during the 1st quarter. CWM LLC now owns 588 shares of the construction company's stock worth $101,000 after purchasing an additional 377 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company's stock.

Installed Building Products Stock Performance

IBP stock traded up $4.06 during trading hours on Tuesday, hitting $269.40. 62,661 shares of the stock were exchanged, compared to its average volume of 435,483. The company has a current ratio of 2.85, a quick ratio of 2.31 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $7.36 billion, a P/E ratio of 29.98 and a beta of 1.73. The company has a 50-day simple moving average of $201.49 and a two-hundred day simple moving average of $180.48. Installed Building Products, Inc. has a 12 month low of $150.83 and a 12 month high of $275.76.

Installed Building Products (NYSE:IBP - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The construction company reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.50. The firm had revenue of $760.30 million for the quarter, compared to analysts' expectations of $711.37 million. Installed Building Products had a return on equity of 60.27% and a net margin of 8.45%.The company's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.84 EPS. On average, analysts forecast that Installed Building Products, Inc. will post 10.66 earnings per share for the current fiscal year.

Installed Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, September 15th. This represents a $1.48 annualized dividend and a yield of 0.5%. Installed Building Products's dividend payout ratio (DPR) is presently 16.46%.

Insider Buying and Selling at Installed Building Products

In other news, CAO Todd R. Fry sold 500 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $257.27, for a total transaction of $128,635.00. Following the sale, the chief accounting officer directly owned 6,822 shares of the company's stock, valued at approximately $1,755,095.94. This represents a 6.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider William Jeffrey Hire sold 6,500 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $265.71, for a total value of $1,727,115.00. Following the completion of the transaction, the insider owned 37,999 shares in the company, valued at $10,096,714.29. The trade was a 14.61% decrease in their position. The disclosure for this sale can be found here. 16.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

IBP has been the topic of a number of analyst reports. DA Davidson reiterated a "neutral" rating and set a $252.00 price objective (up previously from $225.00) on shares of Installed Building Products in a research note on Tuesday, August 12th. Danske cut Installed Building Products from a "buy" rating to a "hold" rating and set a $252.00 price objective on the stock. in a research note on Tuesday, August 12th. Zelman & Associates upgraded Installed Building Products from an "underperform" rating to a "neutral" rating in a research note on Friday, August 8th. Zacks Research upgraded Installed Building Products from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 14th. Finally, Loop Capital cut Installed Building Products from a "buy" rating to a "hold" rating and set a $255.00 price target on the stock. in a research note on Friday, August 8th. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $217.36.

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.