Envestnet Asset Management Inc. Purchases 12,126 Shares of Installed Building Products, Inc. (NYSE:IBP)

Envestnet Asset Management Inc. boosted its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 13.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,729 shares of the construction company's stock after buying an additional 12,126 shares during the period. Envestnet Asset Management Inc. owned 0.38% of Installed Building Products worth $18,128,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Installed Building Products by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 2,636,803 shares of the construction company's stock valued at $462,100,000 after acquiring an additional 16,597 shares in the last quarter. FIL Ltd boosted its position in Installed Building Products by 14.0% during the 4th quarter. FIL Ltd now owns 1,039,038 shares of the construction company's stock worth $182,091,000 after buying an additional 127,215 shares during the period. Geode Capital Management LLC increased its stake in shares of Installed Building Products by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 633,556 shares of the construction company's stock valued at $111,053,000 after acquiring an additional 10,553 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Installed Building Products by 28.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 530,181 shares of the construction company's stock valued at $90,905,000 after purchasing an additional 117,810 shares in the last quarter. Finally, Giverny Capital Inc. lifted its holdings 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 valued at $88,455,000 after purchasing an additional 17,620 shares during the last quarter. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Installed Building Products Stock Performance

Shares of IBP stock traded up $1.37 during trading hours on Monday, hitting $185.46. 687,126 shares of the company were exchanged, compared to its average volume of 350,801. The firm has a fifty day simple moving average of $174.26 and a 200 day simple moving average of $175.25. 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 capitalization of $5.12 billion, a price-to-earnings ratio of 21.15 and a beta of 1.74.

Installed Building Products (NYSE:IBP - Get Free Report) last issued its earnings results 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). The company had revenue of $684.80 million for the quarter, compared to the consensus estimate of $681.34 million. Installed Building Products had a return on equity of 60.73% and a net margin of 8.39%. Installed Building Products's revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.47 EPS. Research analysts predict that Installed Building Products, Inc. will post 10.66 earnings per share for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.37 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.80%. Installed Building Products's payout ratio is 16.88%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on IBP shares. Benchmark lowered their target price on Installed Building Products from $210.00 to $185.00 and set a "buy" rating for the company in a report on Friday, May 9th. Loop Capital decreased their price objective on Installed Building Products from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Installed Building Products in a report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average 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.