Jacobson & Schmitt Advisors LLC Increases Position in Installed Building Products, Inc. (NYSE:IBP)

Jacobson & Schmitt Advisors LLC raised its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 5.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,450 shares of the construction company's stock after acquiring an additional 2,922 shares during the period. Jacobson & Schmitt Advisors LLC owned approximately 0.19% of Installed Building Products worth $9,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Installed Building Products by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 2,636,803 shares of the construction company's stock valued at $462,100,000 after buying an additional 16,597 shares during the last quarter. FIL Ltd raised its stake in shares of Installed Building Products by 14.0% in the fourth quarter. FIL Ltd now owns 1,039,038 shares of the construction company's stock worth $182,091,000 after purchasing an additional 127,215 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Installed Building Products by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 633,556 shares of the construction company's stock worth $111,053,000 after purchasing an additional 10,553 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of Installed Building Products by 28.6% in 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 purchasing an additional 117,810 shares during the last quarter. Finally, Giverny Capital Inc. raised its stake in shares of Installed Building Products by 3.6% in the fourth quarter. Giverny Capital Inc. now owns 504,735 shares of the construction company's stock worth $88,455,000 after purchasing an additional 17,620 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company's stock.

Installed Building Products Stock Performance

Shares of NYSE IBP traded down $7.71 during trading hours on Friday, reaching $184.06. The stock had a trading volume of 457,059 shares, compared to its average volume of 349,450. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 20.99 and a beta of 1.74. 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 fifty-two week low of $150.83 and a fifty-two week high of $281.04. The firm has a 50-day moving average of $174.26 and a 200-day moving average of $175.24.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its quarterly 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). 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 during the quarter, compared to analysts' expectations of $681.34 million. During the same quarter in the prior year, the business earned $2.47 EPS. The business's revenue for the quarter was down 1.2% compared to the same quarter last year. Equities research analysts predict that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

Installed Building Products Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Installed Building Products in a report on Tuesday, April 1st. They set a "hold" rating and a $183.00 target price on the stock. Loop Capital dropped their target price 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, Benchmark dropped their price objective on Installed Building Products from $210.00 to $185.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $212.45.

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.