Installed Building Products, Inc. $IBP Stock Holdings Reduced by Moody Aldrich Partners LLC

Key Points

• Moody Aldrich Partners cut its Installed Building Products stake by 43.9% in the third quarter, selling 6,654 shares and retaining 8,486 shares valued at approximately $1.63 million. Institutional investors collectively own 99.61% of the company.
• Installed Building Products reported quarterly EPS of $2.91, beating estimates of $2.55, while revenue of $777.8 million exceeded expectations and rose 2.3% year over year.
• Analysts have a consensus “Hold” rating and an average price target of $229.08 after several firms lowered their targets. The company also pays a quarterly dividend of $0.39, equivalent to a 0.7% annualized yield.

Moody Aldrich Partners LLC lessened its stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 43.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,486 shares of the construction company's stock after selling 6,654 shares during the period. Moody Aldrich Partners LLC's holdings in Installed Building Products were worth $1,628,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in Installed Building Products in the 1st quarter worth $30,000. Keating Financial Advisory Services Inc. purchased a new stake in Installed Building Products during the 2nd quarter valued at about $31,000. USA Financial Formulas acquired a new position in shares of Installed Building Products in the third quarter valued at about $37,000. Parallel Advisors LLC increased its holdings in shares of Installed Building Products by 446.7% in the first quarter. Parallel Advisors LLC now owns 164 shares of the construction company's stock valued at $44,000 after purchasing an additional 134 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Installed Building Products in the second quarter worth about $52,000. Hedge funds and other institutional investors own 99.61% of the company's stock.

Installed Building Products Stock Performance

Shares of IBP stock opened at $212.16 on Friday. The company has a current ratio of 2.98, a quick ratio of 2.41 and a debt-to-equity ratio of 1.62. Installed Building Products, Inc. has a 12-month low of $176.15 and a 12-month high of $349.00. The business's 50 day moving average is $207.51 and its two-hundred day moving average is $247.99. The company has a market capitalization of $5.64 billion, a P/E ratio of 22.84, a P/E/G ratio of 7.94 and a beta of 1.71.

Installed Building Products (NYSE:IBP - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The construction company reported $2.91 EPS for the quarter, beating analysts' consensus estimates of $2.55 by $0.36. The business had revenue of $777.80 million during the quarter, compared to analysts' expectations of $743.33 million. Installed Building Products had a return on equity of 42.12% and a net margin of 8.46%. The business's revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.95 earnings per share. Analysts expect that Installed Building Products, Inc. will post 9.75 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were paid a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, September 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.7%. Installed Building Products's dividend payout ratio (DPR) is currently 16.79%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on IBP. Royal Bank Of Canada decreased their target price on Installed Building Products from $228.00 to $208.00 and set a "sector perform" rating for the company in a report on Wednesday, October 7th. The Goldman Sachs Group dropped their target price on Installed Building Products from $297.00 to $257.00 and set a "buy" rating on the stock in a research report on Monday, October 12th. Evercore set a $222.00 price objective on shares of Installed Building Products in a research note on Friday, September 25th. Truist Financial reduced their price target on Installed Building Products from $200.00 to $160.00 and set a "hold" rating for the company in a research report on Thursday, October 8th. Finally, Wells Fargo & Company lowered their price target on shares of Installed Building Products from $240.00 to $195.00 and set an "equal weight" rating on the stock in a report on Friday, October 16th. Two investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $229.08.

Insider Buying and Selling

In other Installed Building Products news, Director Janet Jackson sold 1,086 shares of the company's stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $237.06, for a total transaction of $257,447.16. Following the completion of the transaction, the director directly owned 5,142 shares in the company, valued at approximately $1,218,962.52. This represents a 17.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 13.80% of the company's stock.

About Installed Building Products

Installed Building Products, Inc NYSE: IBP is a residential and commercial building-services company that provides installation services for insulation and other construction products. The company serves homebuilders, contractors, remodelers and other customers through a network of specialized installation businesses.

Its primary offerings include fiberglass, spray foam and blown-in insulation, as well as the installation of garage doors, gutters, fireplaces, shower enclosures, closet systems and other complementary building products.

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