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Emerald Mutual Fund Advisers Trust Has $839,000 Stock Holdings in Installed Building Products, Inc. (NYSE:IBP)

Installed Building Products logo with Construction background

Emerald Mutual Fund Advisers Trust lowered its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 80.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,894 shares of the construction company's stock after selling 20,521 shares during the period. Emerald Mutual Fund Advisers Trust's holdings in Installed Building Products were worth $839,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. McIlrath & Eck LLC boosted its stake in shares of Installed Building Products by 32.3% during the fourth quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock worth $44,000 after buying an additional 61 shares during the period. Xponance Inc. boosted its stake in shares of Installed Building Products by 3.9% during the first quarter. Xponance Inc. now owns 1,802 shares of the construction company's stock worth $309,000 after buying an additional 67 shares during the period. Stratos Wealth Partners LTD. boosted its stake in shares of Installed Building Products by 1.7% during the first quarter. Stratos Wealth Partners LTD. now owns 4,173 shares of the construction company's stock worth $716,000 after buying an additional 68 shares during the period. TD Private Client Wealth LLC boosted its stake in shares of Installed Building Products by 7.1% during the first quarter. TD Private Client Wealth LLC now owns 1,134 shares of the construction company's stock worth $194,000 after buying an additional 75 shares during the period. Finally, State of Wyoming boosted its stake in shares of Installed Building Products by 10.1% during the fourth quarter. State of Wyoming now owns 840 shares of the construction company's stock worth $147,000 after buying an additional 77 shares during the period. Institutional investors and hedge funds own 99.61% of the company's stock.

Installed Building Products Trading Down 4.1%

Installed Building Products stock traded down $8.17 during midday trading on Tuesday, reaching $190.58. The stock had a trading volume of 327,101 shares, compared to its average volume of 349,925. The firm's fifty day simple moving average is $171.57 and its two-hundred day simple moving average is $174.66. Installed Building Products, Inc. has a twelve month low of $150.83 and a twelve month high of $281.04. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.89 and a quick ratio of 2.31. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of 21.73 and a beta of 1.74.

Installed Building Products (NYSE:IBP - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.15). The business had revenue of $684.80 million during the quarter, compared to analyst estimates of $681.34 million. Installed Building Products had a net margin of 8.39% and a return on equity of 60.73%. The firm's revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.47 EPS. Equities analysts anticipate that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Friday, June 13th. Installed Building Products's dividend payout ratio (DPR) is presently 16.88%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Benchmark cut 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 report on Friday, May 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Installed Building Products in a report on Tuesday, April 1st. They set a "hold" rating and a $183.00 price target for the company. Finally, Loop Capital cut their price target 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 investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $212.45.

Check Out Our Latest Research Report on Installed Building Products

About Installed Building Products

(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.

Further Reading

Institutional Ownership by Quarter for Installed Building Products (NYSE:IBP)

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