Moody Aldrich Partners LLC Trims Position in Installed Building Products, Inc. (NYSE:IBP)

Moody Aldrich Partners LLC lowered its holdings in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 37.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,020 shares of the construction company's stock after selling 7,709 shares during the period. Moody Aldrich Partners LLC's holdings in Installed Building Products were worth $2,232,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Leeward Investments LLC MA boosted its stake in Installed Building Products by 36.1% during the first quarter. Leeward Investments LLC MA now owns 92,080 shares of the construction company's stock worth $15,788,000 after acquiring an additional 24,400 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Installed Building Products by 2.6% in the first quarter. Principal Financial Group Inc. now owns 130,190 shares of the construction company's stock worth $22,322,000 after buying an additional 3,318 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Installed Building Products in the first quarter worth approximately $600,000. Bessemer Group Inc. lifted its stake in shares of Installed Building Products by 5.5% in the first quarter. Bessemer Group Inc. now owns 68,932 shares of the construction company's stock worth $11,818,000 after buying an additional 3,617 shares in the last quarter. Finally, Cooper Investors PTY Ltd. lifted its stake in shares of Installed Building Products by 6.3% in the first quarter. Cooper Investors PTY Ltd. now owns 25,031 shares of the construction company's stock worth $4,292,000 after buying an additional 1,492 shares in the last quarter. Institutional investors own 99.61% of the company's stock.

Installed Building Products Stock Performance

IBP stock traded down $0.92 during midday trading on Friday, reaching $194.58. 223,710 shares of the company's stock traded hands, compared to its average volume of 350,661. The company has a current ratio of 2.89, a quick ratio of 2.31 and a debt-to-equity ratio of 1.28. Installed Building Products, Inc. has a 52-week low of $150.83 and a 52-week high of $281.04. The stock has a market cap of $5.37 billion, a P/E ratio of 18.91 and a beta of 1.74. The stock's 50-day moving average is $168.62 and its 200 day moving average is $174.04.

Installed Building Products (NYSE:IBP - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The construction company reported $2.08 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $684.80 million during the quarter, compared to the consensus estimate of $681.34 million. During the same quarter in the previous year, the business posted $2.47 earnings per share. The firm's revenue was down 1.2% on a year-over-year basis. As a group, analysts anticipate that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Announces Dividend

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

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Loop Capital dropped their target price on shares of Installed Building Products from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Deutsche Bank Aktiengesellschaft started coverage on shares of Installed Building Products in a research note on Tuesday, April 1st. They issued a "hold" rating and a $183.00 target price on the stock. Finally, Benchmark lowered 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 research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Installed Building Products presently has a consensus rating of "Hold" and a consensus target price of $212.45.

About Installed Building Products

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.