Installed Building Products, Inc. $IBP Shares Sold by Fuller & Thaler Asset Management Inc.

Key Points

• Fuller & Thaler Asset Management Inc. reduced its stake in Installed Building Products by 5.2%, holding approximately 639,272 shares worth $109.6 million after selling 34,869 shares during the first quarter.
• Several institutional investors significantly increased their holdings in Installed Building Products, with First Trust Advisors LP raising its stake by 69.8% and GAMMA Investing LLC by an astonishing 35,416.8% during recent quarters.
• Installed Building Products reported stronger-than-expected earnings for the last quarter, with an EPS of $2.95, exceeding estimates by $0.50, and revenue of $760.3 million, up 3.1% from the previous year.

Fuller & Thaler Asset Management Inc. reduced its position in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 5.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 639,272 shares of the construction company's stock after selling 34,869 shares during the quarter. Fuller & Thaler Asset Management Inc. owned approximately 2.32% of Installed Building Products worth $109,610,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in IBP. UMB Bank n.a. grew its position in shares of Installed Building Products by 142.1% in the first quarter. UMB Bank n.a. now owns 184 shares of the construction company's stock valued at $32,000 after purchasing an additional 108 shares in the last quarter. Fifth Third Bancorp raised its holdings 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 valued at $39,000 after buying an additional 97 shares in the last quarter. McIlrath & Eck LLC lifted its holdings 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 worth $44,000 after acquiring an additional 61 shares during the last quarter. Mpwm Advisory Solutions LLC purchased a new stake in Installed Building Products during the fourth quarter valued at about $90,000. Finally, Covestor Ltd boosted its holdings in Installed Building Products by 92.1% during the 1st quarter. Covestor Ltd now owns 557 shares of the construction company's stock valued at $96,000 after acquiring an additional 267 shares during the period. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on IBP shares. Danske cut Installed Building Products from a "buy" rating to a "hold" rating and set a $252.00 target price for the company. in a report on Tuesday, August 12th. Royal Bank Of Canada reissued an "underperform" rating and issued a $184.00 target price (up previously from $145.00) on shares of Installed Building Products in a research report on Thursday, August 7th. DA Davidson lowered Installed Building Products from a "buy" rating to a "hold" rating and raised their price objective for the company from $225.00 to $252.00 in a research report on Tuesday, August 12th. Benchmark cut their target price 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. Finally, Zelman & Associates upgraded Installed Building Products from an "underperform" rating to a "neutral" rating in a research note on Friday, August 8th. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $217.36.

Installed Building Products Price Performance

Shares of Installed Building Products stock traded up $9.1360 during trading hours on Friday, hitting $273.3160. The company's stock had a trading volume of 699,705 shares, compared to its average volume of 631,743. The business has a 50 day moving average price of $209.26 and a two-hundred day moving average price of $182.74. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month high of $278.74. The company has a market cap of $7.47 billion, a PE ratio of 30.40 and a beta of 1.73. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.31 and a current ratio of 2.85.

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

Installed Building Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 15th. Installed Building Products's payout ratio is currently 16.46%.

Insiders Place Their Bets

In related news, insider William Jeffrey Hire sold 6,500 shares of the business's stock in a transaction that occurred 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 sale, the insider owned 37,999 shares in the company, valued at approximately $10,096,714.29. The trade was a 14.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Todd R. Fry sold 500 shares of the business's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $257.27, for a total value of $128,635.00. Following the completion of the sale, the chief accounting officer owned 6,822 shares of the company's stock, valued at $1,755,095.94. The trade was a 6.83% decrease in their position. The disclosure for this sale can be found here. 16.20% of the stock is currently owned by insiders.

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.