Installed Building Products, Inc. (NYSE:IBP) Shares Sold by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC cut its stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 37.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,020 shares of the construction company's stock after selling 7,709 shares during the quarter. Moody Aldrich Partners LLC's holdings in Installed Building Products were worth $2,232,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Leeward Investments LLC MA grew its stake in Installed Building Products by 36.1% in the 1st quarter. Leeward Investments LLC MA now owns 92,080 shares of the construction company's stock valued at $15,788,000 after acquiring an additional 24,400 shares during the last quarter. Principal Financial Group Inc. grew its stake in Installed Building Products by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 130,190 shares of the construction company's stock valued at $22,322,000 after acquiring an additional 3,318 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Installed Building Products during the 1st quarter worth about $600,000. Bessemer Group Inc. boosted its stake in shares of Installed Building Products by 5.5% during the 1st quarter. Bessemer Group Inc. now owns 68,932 shares of the construction company's stock worth $11,818,000 after purchasing an additional 3,617 shares during the last quarter. Finally, Cooper Investors PTY Ltd. boosted its stake in shares of Installed Building Products by 6.3% during the 1st quarter. Cooper Investors PTY Ltd. now owns 25,031 shares of the construction company's stock worth $4,292,000 after purchasing an additional 1,492 shares during the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on IBP shares. Loop Capital decreased their price target 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. Benchmark decreased their price target on shares of 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. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Installed Building Products in a research note on Tuesday, April 1st. They set a "hold" rating and a $183.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $212.45.

Installed Building Products Trading Down 1.5%

NYSE IBP traded down $3.01 during mid-day trading on Monday, hitting $191.57. The company's stock had a trading volume of 515,822 shares, compared to its average volume of 351,992. Installed Building Products, Inc. has a 52-week low of $150.83 and a 52-week high of $281.04. The stock's fifty day simple moving average is $168.62 and its two-hundred day simple moving average is $173.96. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.89 and a quick ratio of 2.31. The firm has a market capitalization of $5.29 billion, a P/E ratio of 21.84 and a beta of 1.74.

Installed Building Products (NYSE:IBP - Get Free Report) last posted 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 8.39% and a return on equity of 60.73%. The business had revenue of $684.80 million during the quarter, compared to analysts' expectations of $681.34 million. During the same quarter in the previous year, the business posted $2.47 EPS. The company's quarterly revenue was down 1.2% on a year-over-year basis. Research analysts expect that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.77%. Installed Building Products's dividend payout ratio is currently 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.