Livforsakringsbolaget Skandia Omsesidigt Sells 3,700 Shares of Installed Building Products, Inc. (NYSE:IBP)

Livforsakringsbolaget Skandia Omsesidigt cut its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 29.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,900 shares of the construction company's stock after selling 3,700 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt's holdings in Installed Building Products were worth $1,526,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Curio Wealth LLC acquired a new stake in Installed Building Products during the 4th quarter worth about $30,000. UMB Bank n.a. lifted its position in shares of Installed Building Products by 142.1% in the first quarter. UMB Bank n.a. now owns 184 shares of the construction company's stock worth $32,000 after purchasing an additional 108 shares in the last quarter. McIlrath & Eck LLC boosted its holdings in shares of Installed Building Products by 32.3% during the fourth quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock worth $44,000 after purchasing an additional 61 shares during the period. Smartleaf Asset Management LLC grew its position in Installed Building Products by 295.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock valued at $64,000 after purchasing an additional 272 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in Installed Building Products in the 4th quarter valued at approximately $90,000. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on IBP. Loop Capital decreased their target price 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. Wall Street Zen lowered Installed Building Products from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft began coverage on Installed Building Products in a report on Tuesday, April 1st. They set a "hold" rating and a $183.00 price target for the company. DA Davidson dropped their price objective on Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Finally, Benchmark cut their price objective on shares of 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $212.45.

Installed Building Products Stock Performance

Shares of NYSE:IBP traded down $0.41 during trading on Thursday, reaching $170.37. The stock had a trading volume of 248,181 shares, compared to its average volume of 398,947. The stock has a fifty day simple moving average of $164.12 and a two-hundred day simple moving average of $178.51. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. Installed Building Products, Inc. has a 52 week low of $150.83 and a 52 week high of $281.04. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 18.93 and a beta of 1.73.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its 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 return on equity of 43.56% and a net margin of 8.74%. The firm had revenue of $684.80 million during the quarter, compared to the consensus estimate of $681.34 million. During the same quarter last year, the business earned $2.47 EPS. The business's revenue was down 1.2% compared to the same quarter last year. As a group, analysts anticipate that Installed Building Products, Inc. will post 10.66 earnings per share 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. Stockholders of record on Friday, June 13th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.87%. Installed Building Products's dividend payout ratio (DPR) 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.