Vaughan Nelson Investment Management L.P. Buys 117,810 Shares of Installed Building Products, Inc. (NYSE:IBP)

Vaughan Nelson Investment Management L.P. grew its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 28.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 530,181 shares of the construction company's stock after acquiring 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 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Arizona State Retirement System increased its position in shares of Installed Building Products by 0.8% during the fourth quarter. Arizona State Retirement System now owns 6,966 shares of the construction company's stock valued at $1,221,000 after buying an additional 56 shares during the period. McIlrath & Eck LLC grew its holdings 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 acquiring an additional 61 shares during the period. Dana Investment Advisors Inc. grew its holdings in shares of Installed Building Products by 0.9% during the 4th quarter. Dana Investment Advisors Inc. now owns 7,778 shares of the construction company's stock worth $1,363,000 after acquiring an additional 71 shares during the period. State of Wyoming raised its position in shares of Installed Building Products by 10.1% in the 4th quarter. State of Wyoming now owns 840 shares of the construction company's stock worth $147,000 after acquiring an additional 77 shares in the last quarter. Finally, Summit Investment Advisors Inc. lifted its stake in shares of Installed Building Products by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,507 shares of the construction company's stock valued at $439,000 after purchasing an additional 79 shares during the period. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IBP has been the topic of several recent research reports. DA Davidson reduced their price target on Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft began 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. Truist Financial decreased their price target on shares of Installed Building Products from $240.00 to $180.00 and set a "hold" rating for the company in a research note on Monday, March 3rd. Wall Street Zen lowered shares of Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Benchmark cut their price objective on shares of Installed Building Products from $210.00 to $185.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $212.45.

Installed Building Products Stock Up 1.2%

IBP stock traded up $1.92 during midday trading on Wednesday, hitting $164.59. The company's stock had a trading volume of 192,735 shares, compared to its average volume of 346,524. The firm's 50-day moving average is $164.36 and its 200-day moving average is $176.45. 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 company has a market cap of $4.54 billion, a PE ratio of 18.68 and a beta of 1.73.

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

Installed Building Products Dividend Announcement

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

Installed Building Products 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.