Vaughan Nelson Investment Management L.P. Increases Stock Position in Installed Building Products, Inc. (NYSE:IBP)

Vaughan Nelson Investment Management L.P. boosted its stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 28.6% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 530,181 shares of the construction company's stock after purchasing an additional 117,810 shares during the period. Vaughan Nelson Investment Management L.P. owned about 1.92% of Installed Building Products worth $90,905,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Curio Wealth LLC acquired a new position in shares of Installed Building Products in the fourth quarter worth $30,000. UMB Bank n.a. grew its stake in shares of Installed Building Products by 142.1% in the first quarter. UMB Bank n.a. now owns 184 shares of the construction company's stock worth $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% in the first quarter. Fifth Third Bancorp now owns 227 shares of the construction company's stock worth $39,000 after acquiring an additional 97 shares in the last quarter. McIlrath & Eck LLC grew its stake 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 in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Installed Building Products by 295.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock worth $64,000 after acquiring an additional 272 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company's stock.

Installed Building Products Stock Performance

IBP traded down $5.78 on Friday, reaching $164.91. The company had a trading volume of 259,909 shares, compared to its average volume of 345,156. 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 $4.55 billion, a PE ratio of 18.32 and a beta of 1.73. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The stock has a 50-day moving average price of $164.37 and a 200-day moving average price of $177.31.

Installed Building Products (NYSE:IBP - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The construction company reported $2.08 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.15). The business had revenue of $684.80 million during the quarter, compared to analyst estimates of $681.34 million. Installed Building Products had a net margin of 8.74% and a return on equity of 43.56%. The company's revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.47 earnings per share. As a group, research analysts forecast that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, June 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.90%. Installed Building Products's dividend payout ratio (DPR) is 16.88%.

Wall Street Analysts Forecast Growth

IBP has been the subject of several research reports. DA Davidson dropped their price target on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, February 28th. Benchmark dropped their price target on shares of 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. Loop Capital dropped their price target on shares of Installed Building Products from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Truist Financial decreased their price objective on shares of Installed Building Products from $240.00 to $180.00 and set a "hold" rating for the company in a research report on Monday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Installed Building Products in a research report on Tuesday, April 1st. They set a "hold" rating and a $183.00 price objective for the company. 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 data from MarketBeat, Installed Building Products currently has an average rating of "Hold" and an average target price of $212.45.

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.