Illinois Municipal Retirement Fund Has $2 Million Position in Installed Building Products, Inc. (NYSE:IBP)

Illinois Municipal Retirement Fund lowered its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 14.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,680 shares of the construction company's stock after selling 1,951 shares during the period. Illinois Municipal Retirement Fund's holdings in Installed Building Products were worth $2,003,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Sanctuary Advisors LLC increased its stake in shares of Installed Building Products by 8.9% in the fourth quarter. Sanctuary Advisors LLC now owns 1,561 shares of the construction company's stock worth $274,000 after buying an additional 128 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Installed Building Products by 2.3% during the fourth quarter. Bank of New York Mellon Corp now owns 205,283 shares of the construction company's stock worth $35,976,000 after purchasing an additional 4,641 shares during the last quarter. Flputnam Investment Management Co. acquired a new position in Installed Building Products in the fourth quarter worth $258,000. Smartleaf Asset Management LLC lifted its position in shares of Installed Building Products by 295.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock worth $64,000 after buying an additional 272 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Installed Building Products by 1.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 281,642 shares of the construction company's stock valued at $49,358,000 after buying an additional 5,259 shares during the period. 99.61% of the stock is owned by institutional investors and hedge funds.

Installed Building Products Price Performance

NYSE:IBP traded down $0.92 during trading hours on Thursday, reaching $194.58. 223,710 shares of the company's stock were exchanged, compared to its average volume of 349,931. The company has a market capitalization of $5.37 billion, a P/E ratio of 22.19 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 business's 50-day simple moving average is $167.62 and its two-hundred day simple moving average is $174.03. 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 announced 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). Installed Building Products had a return on equity of 60.73% and a net margin of 8.39%. The company had revenue of $684.80 million for the quarter, compared to analyst estimates of $681.34 million. During the same period last year, the firm earned $2.47 earnings per share. The firm's revenue for the quarter was down 1.2% on a year-over-year basis. Sell-side analysts expect that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, June 13th. This represents a $1.48 annualized dividend and a yield of 0.76%. Installed Building Products's dividend payout ratio (DPR) is presently 16.88%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft began 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 on the stock. Benchmark dropped their target price on Installed Building Products from $210.00 to $185.00 and set a "buy" rating on the stock in a research report 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 on the stock in a report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $212.45.

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.