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

E. Ohman J or Asset Management AB lifted its stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 28.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,970 shares of the construction company's stock after acquiring an additional 3,351 shares during the quarter. E. Ohman J or Asset Management AB owned approximately 0.05% of Installed Building Products worth $2,567,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of IBP. Arizona State Retirement System lifted its stake in Installed Building Products by 0.8% in the fourth quarter. Arizona State Retirement System now owns 6,966 shares of the construction company's stock valued at $1,221,000 after acquiring an additional 56 shares during the last quarter. McIlrath & Eck LLC lifted its stake in shares of Installed Building Products by 32.3% in the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock valued at $44,000 after purchasing an additional 61 shares during the last quarter. Dana Investment Advisors Inc. lifted its stake in shares of Installed Building Products by 0.9% in the 4th quarter. Dana Investment Advisors Inc. now owns 7,778 shares of the construction company's stock valued at $1,363,000 after purchasing an additional 71 shares during the last quarter. State of Wyoming boosted its holdings in Installed Building Products by 10.1% in the fourth quarter. State of Wyoming now owns 840 shares of the construction company's stock worth $147,000 after purchasing an additional 77 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its position in Installed Building Products by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,507 shares of the construction company's stock worth $439,000 after buying an additional 79 shares during the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on IBP. Deutsche Bank Aktiengesellschaft assumed coverage on Installed Building Products in a research report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price target for the company. Benchmark reduced their target price on Installed Building Products from $210.00 to $185.00 and set a "buy" rating for the company in a report on Friday, May 9th. Wall Street Zen downgraded Installed Building Products from a "buy" rating to a "hold" rating in a report on Friday, February 28th. 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, Loop Capital decreased their price objective on shares of Installed Building Products from $210.00 to $200.00 and set a "buy" rating for the company in a report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $212.45.

Installed Building Products Price Performance

Shares of Installed Building Products stock traded up $6.31 during mid-day trading on Tuesday, reaching $174.79. 570,269 shares of the stock were exchanged, compared to its average volume of 343,670. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 19.42 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. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The firm has a 50-day simple moving average of $164.17 and a 200 day simple moving average of $178.57.

Installed Building Products (NYSE:IBP - Get Free Report) last posted 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 during the quarter, compared to the consensus estimate of $681.34 million. Installed Building Products had a net margin of 8.74% and a return on equity of 43.56%. The business's revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.47 EPS. On average, sell-side analysts predict that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date is Friday, June 13th. Installed Building Products's dividend payout ratio is currently 16.88%.

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.