Installed Building Products, Inc. (NYSE:IBP) Stock Position Raised by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 13.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 105,729 shares of the construction company's stock after purchasing an additional 12,126 shares during the period. Envestnet Asset Management Inc. owned approximately 0.38% of Installed Building Products worth $18,128,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in IBP. McIlrath & Eck LLC raised its holdings in shares of Installed Building Products by 32.3% during the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock valued at $44,000 after purchasing an additional 61 shares in the last quarter. State of Wyoming grew its holdings in Installed Building Products by 10.1% during the fourth quarter. State of Wyoming now owns 840 shares of the construction company's stock valued at $147,000 after purchasing an additional 77 shares during the period. Summit Investment Advisors Inc. boosted its holdings in shares of Installed Building Products by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,507 shares of the construction company's stock valued at $439,000 after buying an additional 79 shares during the period. Blue Trust Inc. boosted its holdings in Installed Building Products by 7.4% during the first quarter. Blue Trust Inc. now owns 1,212 shares of the construction company's stock worth $208,000 after purchasing an additional 84 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Installed Building Products by 74.6% during the first quarter. Fifth Third Bancorp now owns 227 shares of the construction company's stock worth $39,000 after purchasing an additional 97 shares during the last quarter. 99.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Loop Capital dropped their price objective 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. Benchmark reduced 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 note on Friday, May 9th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Installed Building Products in a research note on Tuesday, April 1st. They issued 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's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $212.45.

Installed Building Products Price Performance

Shares of NYSE:IBP opened at $191.97 on Friday. Installed Building Products, Inc. has a 1-year low of $150.83 and a 1-year high of $281.04. The business has a fifty day moving average price of $173.80 and a 200-day moving average price of $175.18. The company has a market capitalization of $5.30 billion, a PE ratio of 21.89 and a beta of 1.74. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.89 and a quick ratio of 2.31.

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

Installed Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Friday, June 13th. Installed Building Products's dividend payout ratio is 16.88%.

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.

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