Emerald Advisers LLC Sells 27,359 Shares of Installed Building Products, Inc. (NYSE:IBP)

Emerald Advisers LLC lowered its position in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 67.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,476 shares of the construction company's stock after selling 27,359 shares during the period. Emerald Advisers LLC's holdings in Installed Building Products were worth $2,311,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in IBP. First Trust Advisors LP lifted its position in Installed Building Products by 69.8% in the fourth quarter. First Trust Advisors LP now owns 485,727 shares of the construction company's stock valued at $85,124,000 after purchasing an additional 199,657 shares during the period. GAMMA Investing LLC lifted its position in Installed Building Products by 35,416.8% in the first quarter. GAMMA Investing LLC now owns 169,060 shares of the construction company's stock valued at $289,870,000 after purchasing an additional 168,584 shares during the period. Norges Bank purchased a new position in Installed Building Products in the fourth quarter valued at about $28,509,000. T. Rowe Price Investment Management Inc. increased its holdings in Installed Building Products by 87.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 338,081 shares of the construction company's stock valued at $59,249,000 after buying an additional 158,173 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Installed Building Products in the fourth quarter valued at about $23,776,000. Institutional investors and hedge funds own 99.61% of the company's stock.

Installed Building Products Stock Performance

NYSE:IBP traded up $0.87 during midday trading on Thursday, reaching $191.97. The stock had a trading volume of 335,075 shares, compared to its average volume of 349,189. The stock has a market capitalization of $5.30 billion, a P/E ratio of 21.89 and a beta of 1.74. Installed Building Products, Inc. has a 1-year low of $150.83 and a 1-year high of $281.04. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.89 and a quick ratio of 2.31. The firm's fifty day simple moving average is $173.80 and its 200-day simple moving average is $175.18.

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 (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.15). The company had revenue of $684.80 million for the quarter, compared to the consensus estimate of $681.34 million. Installed Building Products had a return on equity of 60.73% and a net margin of 8.39%. The business's revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.47 EPS. On average, equities 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 announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.48 annualized dividend and a dividend yield of 0.77%. Installed Building Products's dividend payout ratio is presently 16.88%.

Analysts Set New Price Targets

IBP has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Installed Building Products in a report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 target price for the company. Benchmark dropped their price objective 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. Finally, Loop Capital dropped their price objective 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Installed Building Products has an average rating of "Hold" and a consensus price target 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.