Jacobson & Schmitt Advisors LLC grew its holdings in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 5.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 53,450 shares of the construction company's stock after purchasing an additional 2,922 shares during the period. Jacobson & Schmitt Advisors LLC owned about 0.19% of Installed Building Products worth $9,164,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in shares of Installed Building Products by 2.3% during the 1st quarter. Victory Capital Management Inc. now owns 37,614 shares of the construction company's stock worth $6,449,000 after acquiring an additional 857 shares during the period. Kornitzer Capital Management Inc. KS bought a new stake in shares of Installed Building Products during the 1st quarter worth approximately $5,230,000. CWM LLC lifted its holdings in shares of Installed Building Products by 178.7% during the 1st quarter. CWM LLC now owns 588 shares of the construction company's stock worth $101,000 after acquiring an additional 377 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Installed Building Products by 0.9% during the 1st quarter. New York State Common Retirement Fund now owns 92,876 shares of the construction company's stock worth $15,925,000 after acquiring an additional 837 shares during the period. Finally, Xponance Inc. lifted its holdings in shares of Installed Building Products by 3.9% during the 1st quarter. Xponance Inc. now owns 1,802 shares of the construction company's stock worth $309,000 after acquiring an additional 67 shares during the period. Institutional investors and hedge funds own 99.61% of the company's stock.
Installed Building Products Trading Up 0.2%
Shares of IBP stock traded up $0.40 during trading hours on Wednesday, hitting $191.05. 423,159 shares of the company's stock traded hands, compared to its average volume of 349,858. The stock's 50 day simple moving average is $173.21 and its 200 day simple moving average is $175.06. The stock has a market cap of $5.27 billion, a PE ratio of 21.78 and a beta of 1.74. Installed Building Products, Inc. has a 12 month low of $150.83 and a 12 month high of $281.04. 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 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). 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 for the quarter, compared to the consensus estimate of $681.34 million. During the same period in the prior year, the business earned $2.47 EPS. Installed Building Products's quarterly revenue was down 1.2% on a year-over-year basis. On average, sell-side analysts anticipate that Installed Building Products, Inc. will post 10.66 EPS for the current year.
Installed Building Products Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Friday, June 13th. Installed Building Products's dividend payout ratio is presently 16.88%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. Benchmark cut their price target on shares of 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 cut their target price 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, Deutsche Bank Aktiengesellschaft began coverage on shares of Installed Building Products in a research report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 target price on the stock. Two equities research 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. According to MarketBeat, Installed Building Products currently has an average rating of "Hold" and an average target price of $212.45.
Check Out Our Latest Analysis on IBP
Installed Building Products Profile
(
Free Report)
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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