Natixis Advisors LLC Boosts Stake in Installed Building Products, Inc. (NYSE:IBP)

Key Points

• Natixis Advisors LLC increased its stake in Installed Building Products, Inc. by 19.8% in the first quarter, acquiring an additional 17,146 shares and owning approximately 0.38% of the company, valued at $17.8 million.
• Installed Building Products reported a miss in earnings with an EPS of $2.08, below the expected $2.23, while their revenue decreased by 1.2% year-over-year.
• The company's recent quarterly dividend was $0.37 per share, resulting in an annualized yield of 0.7%, with a low dividend payout ratio of 16.88%.

Natixis Advisors LLC raised its holdings in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 19.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 103,949 shares of the construction company's stock after buying an additional 17,146 shares during the quarter. Natixis Advisors LLC owned about 0.38% of Installed Building Products worth $17,823,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Installed Building Products by 112.6% during the 4th quarter. JPMorgan Chase & Co. now owns 153,772 shares of the construction company's stock worth $26,949,000 after acquiring an additional 81,455 shares in the last quarter. Norges Bank purchased a new stake in Installed Building Products in the 4th quarter valued at $28,509,000. Pictet Asset Management Holding SA boosted its holdings in Installed Building Products by 8.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,397 shares of the construction company's stock valued at $595,000 after purchasing an additional 257 shares during the last quarter. Orion Portfolio Solutions LLC raised its position in Installed Building Products by 3.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 3,992 shares of the construction company's stock valued at $700,000 after purchasing an additional 146 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Installed Building Products by 2.1% in the 4th quarter. Wellington Management Group LLP now owns 143,579 shares of the construction company's stock worth $25,162,000 after acquiring an additional 2,939 shares during the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on IBP shares. 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. Loop Capital lowered their price target on Installed Building Products from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $209.70.

Installed Building Products Stock Up 20.7%

Shares of NYSE:IBP traded up $43.75 during trading on Thursday, reaching $255.57. 1,676,259 shares of the stock traded hands, compared to its average volume of 423,044. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.31 and a current ratio of 2.89. Installed Building Products, Inc. has a 52-week low of $150.83 and a 52-week high of $263.20. The stock has a market cap of $7.06 billion, a P/E ratio of 29.14 and a beta of 1.73. The stock has a 50-day moving average of $185.70 and a two-hundred day moving average of $177.42.

Installed Building Products (NYSE:IBP - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The construction company reported $2.08 earnings per share for the quarter, missing analysts' consensus estimates of $2.23 by ($0.15). The firm had revenue of $684.80 million for the quarter, compared to the consensus estimate of $681.34 million. Installed Building Products had a net margin of 8.39% and a return on equity of 60.73%. The company's revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.47 EPS. As a group, sell-side analysts expect that Installed Building Products, Inc. will post 10.66 earnings per share for the current fiscal year.

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.