Stephens Investment Management Group LLC Sells 1,738 Shares of Installed Building Products, Inc. (NYSE:IBP)

Stephens Investment Management Group LLC reduced its position in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 0.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,261 shares of the construction company's stock after selling 1,738 shares during the period. Stephens Investment Management Group LLC owned 0.67% of Installed Building Products worth $31,765,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Installed Building Products by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 2,636,803 shares of the construction company's stock worth $462,100,000 after acquiring an additional 16,597 shares during the last quarter. FIL Ltd increased its stake in Installed Building Products by 14.0% during the fourth quarter. FIL Ltd now owns 1,039,038 shares of the construction company's stock worth $182,091,000 after acquiring an additional 127,215 shares during the last quarter. Geode Capital Management LLC increased its stake in Installed Building Products by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 633,556 shares of the construction company's stock worth $111,053,000 after acquiring an additional 10,553 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Installed Building Products by 28.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 530,181 shares of the construction company's stock worth $90,905,000 after acquiring an additional 117,810 shares during the last quarter. Finally, Giverny Capital Inc. increased its stake in Installed Building Products by 3.6% during the fourth quarter. Giverny Capital Inc. now owns 504,735 shares of the construction company's stock worth $88,455,000 after acquiring an additional 17,620 shares during the last quarter. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on IBP shares. Loop Capital reduced their price objective on 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 cut their target price 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. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Installed Building Products in a research note on Tuesday, April 1st. They set a "hold" rating and a $183.00 target price on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $212.45.

Installed Building Products Trading Up 0.2%

NYSE:IBP traded up $0.40 during midday trading on Wednesday, hitting $191.05. The stock had a trading volume of 423,159 shares, compared to its average volume of 349,858. Installed Building Products, Inc. has a one year low of $150.83 and a one year high of $281.04. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 21.78 and a beta of 1.74. The stock has a 50-day moving average of $173.21 and a 200 day moving average of $175.06. The company has a quick ratio of 2.31, a current ratio of 2.89 and a debt-to-equity ratio of 1.28.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The construction company reported $2.08 earnings per share (EPS) 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 firm had revenue of $684.80 million during the quarter, compared to the consensus estimate of $681.34 million. During the same period last year, the company earned $2.47 EPS. The firm's revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid 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 0.77%. Installed Building Products's dividend payout ratio (DPR) is currently 16.88%.

Installed Building Products Company 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.