Jane Street Group LLC Sells 3,346 Shares of Installed Building Products, Inc. (NYSE:IBP)

Jane Street Group LLC decreased its position in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 41.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 4,647 shares of the construction company's stock after selling 3,346 shares during the period. Jane Street Group LLC's holdings in Installed Building Products were worth $814,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Curio Wealth LLC bought a new stake in Installed Building Products in the 4th quarter valued at approximately $30,000. Smartleaf Asset Management LLC raised its stake in shares of Installed Building Products by 295.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock worth $64,000 after purchasing an additional 272 shares in the last quarter. Headlands Technologies LLC raised its stake in shares of Installed Building Products by 819.0% during the 4th quarter. Headlands Technologies LLC now owns 726 shares of the construction company's stock worth $127,000 after purchasing an additional 647 shares in the last quarter. Principal Securities Inc. raised its stake in shares of Installed Building Products by 20.0% during the 4th quarter. Principal Securities Inc. now owns 1,118 shares of the construction company's stock worth $196,000 after purchasing an additional 186 shares in the last quarter. Finally, MGO One Seven LLC bought a new stake in shares of Installed Building Products during the 4th quarter worth approximately $205,000. Institutional investors own 99.61% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on IBP shares. Truist Financial dropped their price objective on Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a research note on Monday, March 3rd. Deutsche Bank Aktiengesellschaft started coverage on Installed Building Products in a research note on Tuesday, April 1st. They set a "hold" rating and a $183.00 price objective on the stock. Benchmark dropped their price objective on Installed Building Products from $210.00 to $185.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Wall Street Zen cut Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Loop Capital cut their price target on Installed Building Products from $210.00 to $200.00 and set a "buy" rating for the company in a report on Monday, May 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $212.45.

Installed Building Products Stock Performance

Shares of IBP traded up $5.12 during trading hours on Thursday, hitting $159.91. The company had a trading volume of 499,816 shares, compared to its average volume of 342,366. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 17.77 and a beta of 1.85. The business has a fifty day moving average of $165.26 and a 200-day moving average of $181.09. Installed Building Products, Inc. has a 12 month low of $150.83 and a 12 month high of $281.04.

Installed Building Products (NYSE:IBP - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The construction company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.15). Installed Building Products had a net margin of 8.74% and a return on equity of 43.56%. The business had revenue of $684.80 million during the quarter, compared to analyst estimates of $681.34 million. During the same quarter last year, the company posted $2.47 earnings per share. The company's revenue was down 1.2% on a year-over-year basis. Equities analysts anticipate that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Friday, June 13th. Installed Building Products's dividend payout ratio is 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.