Installed Building Products, Inc. (NYSE:IBP) Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC decreased its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 67.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IBP. Raymond James Financial Inc. acquired a new stake in Installed Building Products in the fourth quarter worth approximately $23,776,000. Amundi lifted its position in Installed Building Products by 193.1% in the fourth quarter. Amundi now owns 12,024 shares of the construction company's stock worth $2,118,000 after purchasing an additional 7,922 shares during the period. Swiss National Bank lifted its position in Installed Building Products by 0.6% in the fourth quarter. Swiss National Bank now owns 47,233 shares of the construction company's stock worth $8,278,000 after purchasing an additional 300 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of Installed Building Products by 8.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 5,266 shares of the construction company's stock valued at $923,000 after buying an additional 405 shares in the last quarter. Finally, Natixis Advisors LLC increased its holdings in shares of Installed Building Products by 16.9% in the fourth quarter. Natixis Advisors LLC now owns 86,803 shares of the construction company's stock valued at $15,213,000 after buying an additional 12,551 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Benchmark dropped their price target on Installed Building Products from $210.00 to $185.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft assumed coverage on Installed Building Products in a report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price target on the stock. Finally, Loop Capital dropped 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 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 MarketBeat.com, Installed Building Products currently has a consensus rating of "Hold" and an average target price of $212.45.

Installed Building Products Trading Down 0.9%

Installed Building Products stock opened at $200.53 on Monday. The stock has a market cap of $5.54 billion, a P/E ratio of 22.87 and a beta of 1.74. Installed Building Products, Inc. has a 12 month low of $150.83 and a 12 month high of $281.04. The company's fifty day simple moving average is $171.57 and its 200-day simple moving average is $174.66. The company has a quick ratio of 2.31, a current ratio of 2.89 and a debt-to-equity ratio of 1.28.

Installed Building Products (NYSE:IBP - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $684.80 million during 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 company's revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.47 earnings per share. As a group, sell-side analysts forecast that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Friday, June 13th. Installed Building Products's dividend 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.

Want to see what other hedge funds are holding IBP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Installed Building Products, Inc. (NYSE:IBP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.