Installed Building Products, Inc. (NYSE:IBP) Shares Purchased by Man Group plc

Man Group plc lifted its position in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 1,724.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 68,019 shares of the construction company's stock after purchasing an additional 64,291 shares during the period. Man Group plc owned 0.24% of Installed Building Products worth $11,920,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Occudo Quantitative Strategies LP purchased a new stake in shares of Installed Building Products in the fourth quarter valued at approximately $334,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Installed Building Products by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,644 shares of the construction company's stock valued at $2,391,000 after purchasing an additional 535 shares during the period. Janus Henderson Group PLC raised its stake in Installed Building Products by 5.4% in the fourth quarter. Janus Henderson Group PLC now owns 15,351 shares of the construction company's stock worth $2,691,000 after buying an additional 780 shares in the last quarter. Jefferies Financial Group Inc. bought a new position in Installed Building Products in the fourth quarter worth approximately $823,000. Finally, Gotham Asset Management LLC bought a new position in Installed Building Products in the fourth quarter worth approximately $263,000. Hedge funds and other institutional investors own 99.61% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on IBP. DA Davidson lowered their price objective on Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Truist Financial lowered their price objective on 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. Deutsche Bank Aktiengesellschaft began coverage on Installed Building Products in a research report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price objective for the company. Benchmark lowered their price objective 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. Finally, Loop Capital lowered their price objective on Installed Building Products from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Installed Building Products presently has an average rating of "Hold" and an average price target of $212.45.

Installed Building Products Stock Performance

IBP stock traded up $1.35 during midday trading on Friday, reaching $156.73. The stock had a trading volume of 380,762 shares, compared to its average volume of 338,391. The stock has a market cap of $4.33 billion, a PE ratio of 17.41 and a beta of 1.85. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The firm has a fifty day simple moving average of $166.59 and a two-hundred day simple moving average of $182.38. Installed Building Products, Inc. has a 52-week low of $150.83 and a 52-week high of $281.04.

Installed Building Products (NYSE:IBP - Get Free Report) last issued its 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). The firm had revenue of $684.80 million during the quarter, compared to analysts' expectations of $681.34 million. Installed Building Products had a return on equity of 43.56% and a net margin of 8.74%. The business's revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the business earned $2.47 EPS. As a group, equities research analysts anticipate 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 Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.94%. Installed Building Products's payout ratio is currently 16.88%.

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.