1,476 Shares in Installed Building Products, Inc. (NYSE:IBP) Acquired by Gallacher Capital Management LLC

Gallacher Capital Management LLC bought a new position in Installed Building Products, Inc. (NYSE:IBP - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,476 shares of the construction company's stock, valued at approximately $253,000.

Other hedge funds also recently made changes to their positions in the company. Commonwealth Equity Services LLC boosted its holdings in Installed Building Products by 8.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,266 shares of the construction company's stock valued at $923,000 after acquiring an additional 405 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Installed Building Products by 15.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,105 shares of the construction company's stock valued at $369,000 after acquiring an additional 282 shares in the last quarter. Cibc World Markets Corp bought a new stake in Installed Building Products in the fourth quarter valued at $393,000. Xponance Inc. boosted its holdings in Installed Building Products by 10.4% in the fourth quarter. Xponance Inc. now owns 1,735 shares of the construction company's stock valued at $304,000 after acquiring an additional 163 shares in the last quarter. Finally, Magnetar Financial LLC bought a new stake in Installed Building Products in the fourth quarter valued at $223,000. 99.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on IBP shares. Loop Capital cut their price target on shares of Installed Building Products from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Installed Building Products in a report on Tuesday, April 1st. They set a "hold" rating and a $183.00 target price on the stock. Finally, Benchmark dropped their price target on shares of 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. Two 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 has a consensus rating of "Hold" and an average target price of $212.45.

Installed Building Products Stock Performance

Shares of NYSE IBP traded down $0.92 during midday trading on Friday, hitting $199.16. 41,139 shares of the company's stock traded hands, compared to its average volume of 408,136. Installed Building Products, Inc. has a 1 year low of $150.83 and a 1 year high of $281.04. The stock has a market capitalization of $5.50 billion, a price-to-earnings ratio of 22.68 and a beta of 1.74. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.31 and a current ratio of 2.89. The firm has a fifty day moving average of $176.89 and a 200 day moving average of $175.90.

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

Installed Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.74%. The ex-dividend date was Friday, June 13th. Installed Building Products's dividend payout ratio is 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.