Installed Building Products, Inc. $IBP Position Reduced 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. cut its stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 5.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 639,272 shares of the construction company's stock after selling 34,869 shares during the quarter. Fuller & Thaler Asset Management Inc. owned about 2.32% of Installed Building Products worth $109,610,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. UMB Bank n.a. grew its stake in shares of Installed Building Products by 142.1% during the first quarter. UMB Bank n.a. now owns 184 shares of the construction company's stock valued at $32,000 after acquiring an additional 108 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of Installed Building Products by 74.6% during the first quarter. Fifth Third Bancorp now owns 227 shares of the construction company's stock valued at $39,000 after acquiring an additional 97 shares in the last quarter. McIlrath & Eck LLC grew its stake in Installed Building Products by 32.3% in the fourth quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock worth $44,000 after purchasing an additional 61 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new position in Installed Building Products in the fourth quarter worth about $90,000. Finally, Covestor Ltd grew its stake in Installed Building Products by 92.1% in the first quarter. Covestor Ltd now owns 557 shares of the construction company's stock worth $96,000 after purchasing an additional 267 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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 transaction of $1,727,115.00. Following the sale, the insider owned 37,999 shares of the company's stock, valued at $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 available at 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 stock was sold at an average price of $257.27, for a total value of $128,635.00. Following the sale, the chief accounting officer directly owned 6,822 shares in the company, valued at approximately $1,755,095.94. The trade was a 6.83% decrease in their position. The disclosure for this sale can be found here. Insiders own 16.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on IBP. Zacks Research upgraded Installed Building Products from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 14th. Royal Bank Of Canada reiterated an "underperform" rating and issued a $184.00 price target (up from $145.00) on shares of Installed Building Products in a research note on Thursday, August 7th. Zelman & Associates upgraded Installed Building Products from an "underperform" rating to a "neutral" rating in a research note on Friday, August 8th. Benchmark decreased their price target on Installed Building Products from $210.00 to $185.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, Jefferies Financial Group lifted their target price on Installed Building Products from $175.00 to $225.00 and gave the company a "hold" rating in a research note on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Installed Building Products currently has a consensus rating of "Hold" and an average price target of $217.36.

Installed Building Products Stock Performance

Shares of IBP traded up $9.1360 during mid-day trading on Friday, reaching $273.3160. 699,703 shares of the company's stock traded hands, compared to its average volume of 440,251. The business's 50-day moving average price is $207.10 and its 200-day moving average price is $182.19. The stock has a market capitalization of $7.47 billion, a P/E 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, Inc. has a 12 month low of $150.83 and a 12 month high of $278.74.

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

Installed Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued 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 16.46%.

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.