Curi RMB Capital LLC Buys 2,252 Shares of Installed Building Products, Inc. $IBP

Key Points

• Curi RMB Capital LLC has increased its stake in Installed Building Products, Inc. by 10.4%, owning approximately 0.09% of the company, valued at $4,094,000.
• Installed Building Products reported a quarterly earnings of $2.95 per share, exceeding estimates, along with a revenue of $760.30 million, a 3.1% increase year-over-year.
• The company announced a quarterly dividend of $0.37 per share, with an ex-dividend date of September 15th, giving it an annual yield of 0.5%.

Curi RMB Capital LLC increased its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 10.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 23,879 shares of the construction company's stock after purchasing an additional 2,252 shares during the quarter. Curi RMB Capital LLC owned 0.09% of Installed Building Products worth $4,094,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. McIlrath & Eck LLC raised its holdings in shares of 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 acquiring an additional 61 shares during the last quarter. Xponance Inc. increased its stake in Installed Building Products by 3.9% in the first quarter. Xponance Inc. now owns 1,802 shares of the construction company's stock valued at $309,000 after purchasing an additional 67 shares during the last quarter. Stratos Wealth Partners LTD. increased its stake in Installed Building Products by 1.7% in the first quarter. Stratos Wealth Partners LTD. now owns 4,173 shares of the construction company's stock valued at $716,000 after purchasing an additional 68 shares during the last quarter. TD Private Client Wealth LLC boosted its position in shares of Installed Building Products by 7.1% in the first quarter. TD Private Client Wealth LLC now owns 1,134 shares of the construction company's stock worth $194,000 after buying an additional 75 shares during the period. Finally, State of Wyoming boosted its holdings in Installed Building Products by 10.1% in the fourth quarter. State of Wyoming now owns 840 shares of the construction company's stock valued at $147,000 after purchasing an additional 77 shares during the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Installed Building Products

In other Installed Building Products news, CAO Todd R. Fry sold 500 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $257.27, for a total transaction of $128,635.00. Following the completion of the sale, the chief accounting officer 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Brad A. Wheeler sold 3,186 shares of the business's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $275.29, for a total transaction of $877,073.94. Following the completion of the transaction, the chief operating officer directly owned 8,736 shares of the company's stock, valued at $2,404,933.44. This trade represents a 26.72% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,655 shares of company stock worth $3,123,578. Company insiders own 16.20% of the company's stock.

Installed Building Products Stock Down 0.2%

NYSE IBP traded down $0.62 during trading on Wednesday, hitting $265.53. 89,017 shares of the company traded hands, compared to its average volume of 439,686. The company has a market capitalization of $7.26 billion, a P/E ratio of 29.64 and a beta of 1.76. The business has a fifty day simple moving average of $231.70 and a 200 day simple moving average of $190.20. Installed Building Products, Inc. has a 12 month low of $150.83 and a 12 month high of $280.00. The company has a current ratio of 2.85, a quick ratio of 2.31 and a debt-to-equity ratio of 1.27.

Installed Building Products (NYSE:IBP - Get Free Report) last released its earnings results on Thursday, August 7th. The construction company reported $2.95 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $760.30 million for the quarter, compared to the consensus estimate of $711.37 million. During the same period last year, the business earned $2.84 earnings per share. The firm's revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, sell-side analysts predict that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, September 15th. Installed Building Products's payout ratio is 16.46%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Zelman & Associates upgraded Installed Building Products from an "underperform" rating to a "neutral" rating in a research report on Friday, August 8th. Danske cut Installed Building Products from a "buy" rating to a "hold" rating and set a $252.00 price target on the stock. in a research report on Tuesday, August 12th. Zacks Research upgraded Installed Building Products from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 14th. Royal Bank Of Canada restated an "underperform" rating and issued a $184.00 target price (up from $145.00) on shares of Installed Building Products in a research report on Thursday, August 7th. Finally, Loop Capital cut Installed Building Products from a "buy" rating to a "hold" rating and set a $255.00 target price on the stock. in a research report 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.com, the company presently has an average rating of "Hold" and an average price target of $217.36.

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.