Installed Building Products, Inc. (NYSE:IBP) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 46.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,041 shares of the construction company's stock after selling 71,940 shares during the period. Nuveen Asset Management LLC owned approximately 0.29% of Installed Building Products worth $14,378,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in Installed Building Products by 61.9% in the third quarter. Barclays PLC now owns 97,711 shares of the construction company's stock valued at $24,063,000 after buying an additional 37,347 shares in the last quarter. Blue Trust Inc. increased its holdings in Installed Building Products by 7.9% in the fourth quarter. Blue Trust Inc. now owns 1,257 shares of the construction company's stock valued at $220,000 after buying an additional 92 shares in the last quarter. KBC Group NV increased its holdings in Installed Building Products by 293.5% in the fourth quarter. KBC Group NV now owns 2,562 shares of the construction company's stock valued at $449,000 after buying an additional 1,911 shares in the last quarter. Moody Aldrich Partners LLC increased its holdings in Installed Building Products by 28.3% in the fourth quarter. Moody Aldrich Partners LLC now owns 20,729 shares of the construction company's stock valued at $3,633,000 after buying an additional 4,568 shares in the last quarter. Finally, Swedbank AB increased its holdings in Installed Building Products by 26.4% in the fourth quarter. Swedbank AB now owns 330,000 shares of the construction company's stock valued at $57,832,000 after buying an additional 69,000 shares in the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IBP has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Installed Building Products from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Truist Financial lowered their price target on shares of Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a research report on Monday, March 3rd. DA Davidson lowered their price target on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Loop Capital lowered 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 report on Monday, May 12th. Finally, Benchmark lowered 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 report on Friday, May 9th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $212.45.

Installed Building Products Trading Down 4.8%

NYSE IBP traded down $7.81 during mid-day trading on Wednesday, reaching $154.98. 684,875 shares of the stock were exchanged, compared to its average volume of 341,288. Installed Building Products, Inc. has a 1-year low of $150.83 and a 1-year high of $281.04. The business's fifty day simple moving average is $166.01 and its 200 day simple moving average is $181.63. The stock has a market capitalization of $4.28 billion, a PE ratio of 17.22 and a beta of 1.85. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99.

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). The firm had revenue of $684.80 million for the quarter, compared to analyst estimates of $681.34 million. Installed Building Products had a return on equity of 43.56% and a net margin of 8.74%. The firm's revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.47 EPS. On average, research analysts anticipate that Installed Building Products, Inc. will post 10.66 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.37 dividend. 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 0.95%. 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.