Installed Building Products, Inc. (NYSE:IBP) Shares Acquired by Fisher Funds Management LTD

Fisher Funds Management LTD grew its holdings in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 15.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 80,736 shares of the construction company's stock after acquiring an additional 10,605 shares during the period. Fisher Funds Management LTD owned about 0.29% of Installed Building Products worth $13,843,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of IBP. First Trust Advisors LP increased its stake in shares of Installed Building Products by 69.8% in the 4th quarter. First Trust Advisors LP now owns 485,727 shares of the construction company's stock worth $85,124,000 after purchasing an additional 199,657 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Installed Building Products by 35,416.8% in the 1st quarter. GAMMA Investing LLC now owns 169,060 shares of the construction company's stock worth $289,870,000 after purchasing an additional 168,584 shares in the last quarter. Norges Bank purchased a new stake in shares of Installed Building Products in the 4th quarter worth $28,509,000. T. Rowe Price Investment Management Inc. increased its stake in shares of Installed Building Products by 87.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 338,081 shares of the construction company's stock worth $59,249,000 after purchasing an additional 158,173 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Installed Building Products in the 4th quarter worth $23,776,000. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Benchmark dropped their target price 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. Loop Capital dropped their target price 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Installed Building Products in a report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $212.45.

Installed Building Products Price Performance

Shares of NYSE IBP traded down $3.01 during mid-day trading on Monday, hitting $191.57. 515,822 shares of the company's stock traded hands, compared to its average volume of 351,992. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.89 and a quick ratio of 2.31. Installed Building Products, Inc. has a 1 year low of $150.83 and a 1 year high of $281.04. The company has a market capitalization of $5.29 billion, a P/E ratio of 21.84 and a beta of 1.74. The company's 50-day moving average is $169.09 and its two-hundred day moving average is $174.06.

Installed Building Products (NYSE:IBP - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $684.80 million during the quarter, compared to analysts' expectations of $681.34 million. Installed Building Products had a return on equity of 60.73% and a net margin of 8.39%. The business's revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the company earned $2.47 earnings per share. On average, equities analysts anticipate that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 0.77%. The ex-dividend date was Friday, June 13th. Installed Building Products's payout ratio is 16.88%.

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.