Inspire Advisors LLC Buys Shares of 4,783 Installed Building Products, Inc. (NYSE:IBP)

Key Points

• Inspire Advisors LLC has made a significant investment of $820,000 in Installed Building Products, acquiring 4,783 shares in the first quarter.
• Installed Building Products reported a quarterly EPS of $2.08, missing analysts' expectations, despite revenue of $684.80 million, which was higher than consensus estimates.
• The company declared a quarterly dividend of $0.37, resulting in an annualized dividend yield of 0.72%, with a payout ratio of 16.88%.

Inspire Advisors LLC acquired a new position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,783 shares of the construction company's stock, valued at approximately $820,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. UMB Bank n.a. grew its holdings in Installed Building Products by 142.1% in the 1st quarter. UMB Bank n.a. now owns 184 shares of the construction company's stock valued at $32,000 after buying an additional 108 shares in the last quarter. Fifth Third Bancorp lifted its position 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 worth $39,000 after buying an additional 97 shares during the last quarter. McIlrath & Eck LLC lifted its position in shares of Installed Building Products by 32.3% during the 4th 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 last quarter. Mpwm Advisory Solutions LLC bought a new stake in shares of Installed Building Products during the 4th quarter worth $90,000. Finally, CWM LLC lifted its position in shares of Installed Building Products by 178.7% during the 1st quarter. CWM LLC now owns 588 shares of the construction company's stock worth $101,000 after buying an additional 377 shares during the last quarter. Institutional investors own 99.61% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on IBP shares. Benchmark dropped their target price on Installed Building Products from $210.00 to $185.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Loop Capital lowered their target price on 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 equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Installed Building Products currently has an average rating of "Hold" and an average target price of $212.45.

Installed Building Products Stock Down 0.7%

Shares of NYSE:IBP traded down $1.50 during mid-day trading on Thursday, hitting $201.50. 430,798 shares of the company traded hands, compared to its average volume of 410,550. The stock has a market cap of $5.56 billion, a P/E ratio of 22.98 and a beta of 1.74. The company has a current ratio of 2.89, a quick ratio of 2.31 and a debt-to-equity ratio of 1.28. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month high of $281.04. The stock has a 50-day moving average price of $180.45 and a two-hundred day moving average price of $176.75.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its earnings results 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). Installed Building Products had a net margin of 8.39% and a return on equity of 60.73%. The company had revenue of $684.80 million for the quarter, compared to analysts' expectations of $681.34 million. During the same period in the previous year, the firm earned $2.47 EPS. The firm's quarterly revenue was down 1.2% on a year-over-year basis. On average, equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.37 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.48 annualized dividend and a yield of 0.73%. Installed Building Products's dividend payout ratio is currently 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.