E. Ohman J or Asset Management AB Has $2.57 Million Stock Holdings in Installed Building Products, Inc. (NYSE:IBP)

E. Ohman J or Asset Management AB grew its stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 28.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,970 shares of the construction company's stock after purchasing an additional 3,351 shares during the quarter. E. Ohman J or Asset Management AB owned about 0.05% of Installed Building Products worth $2,567,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in IBP. Choreo LLC lifted its stake in shares of Installed Building Products by 68.2% in the 4th quarter. Choreo LLC now owns 2,158 shares of the construction company's stock valued at $377,000 after purchasing an additional 875 shares during the period. Vest Financial LLC lifted its stake in shares of Installed Building Products by 121.5% in the 4th quarter. Vest Financial LLC now owns 13,777 shares of the construction company's stock valued at $2,414,000 after purchasing an additional 7,557 shares during the period. WCM Investment Management LLC lifted its stake in shares of Installed Building Products by 49.7% in the 4th quarter. WCM Investment Management LLC now owns 91,415 shares of the construction company's stock valued at $15,950,000 after purchasing an additional 30,364 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Installed Building Products by 25.3% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 412,371 shares of the construction company's stock valued at $72,268,000 after purchasing an additional 83,205 shares during the period. Finally, Van ECK Associates Corp lifted its stake in shares of Installed Building Products by 21.7% in the 4th quarter. Van ECK Associates Corp now owns 26,447 shares of the construction company's stock valued at $4,635,000 after purchasing an additional 4,711 shares during the period. Institutional investors and hedge funds own 99.61% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Installed Building Products in a research note on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price target on the stock. Truist Financial dropped their price objective 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. Benchmark dropped 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. DA Davidson dropped their price objective 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. Finally, Wall Street Zen downgraded Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $212.45.

Installed Building Products Price Performance

IBP stock opened at $165.71 on Friday. The stock has a 50-day moving average price of $164.10 and a two-hundred day moving average price of $179.36. The stock has a market cap of $4.58 billion, a PE ratio of 18.41 and a beta of 1.73. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. 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 released its earnings results on Thursday, May 8th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.15). The firm had revenue of $684.80 million for the quarter, compared to the consensus estimate of $681.34 million. Installed Building Products had a return on equity of 43.56% and a net margin of 8.74%. Installed Building Products's revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the company posted $2.47 EPS. Equities analysts forecast that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The company also recently announced 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 yield of 0.89%. The ex-dividend date is Friday, June 13th. Installed Building Products's dividend payout ratio (DPR) is presently 16.88%.

Installed Building Products Company 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.

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