4,697 Shares in Installed Building Products, Inc. (NYSE:IBP) Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,697 shares of the construction company's stock, valued at approximately $823,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC lifted its holdings in Installed Building Products by 61.9% in the 3rd quarter. Barclays PLC now owns 97,711 shares of the construction company's stock valued at $24,063,000 after purchasing an additional 37,347 shares in the last quarter. Blue Trust Inc. raised its position in shares of Installed Building Products by 7.9% in the fourth quarter. Blue Trust Inc. now owns 1,257 shares of the construction company's stock valued at $220,000 after buying an additional 92 shares during the last quarter. KBC Group NV lifted its stake in shares of Installed Building Products by 293.5% in the fourth quarter. KBC Group NV now owns 2,562 shares of the construction company's stock worth $449,000 after buying an additional 1,911 shares in the last quarter. Swedbank AB boosted its position in Installed Building Products by 26.4% during the fourth quarter. Swedbank AB now owns 330,000 shares of the construction company's stock worth $57,832,000 after acquiring an additional 69,000 shares during the last quarter. Finally, Laurus Investment Counsel Inc. grew its stake in Installed Building Products by 146.3% during the 4th quarter. Laurus Investment Counsel Inc. now owns 5,270 shares of the construction company's stock valued at $924,000 after acquiring an additional 3,130 shares in the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Wall Street Zen cut Installed Building Products from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Truist Financial lowered their price objective on Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a research note on Monday, March 3rd. Loop Capital cut their target price on Installed Building Products from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Benchmark lowered their price target on shares of Installed Building Products from $210.00 to $185.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of 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 assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $212.45.

Installed Building Products Trading Up 3.2%

NYSE IBP traded up $5.02 during trading on Tuesday, hitting $164.02. The stock had a trading volume of 239,999 shares, compared to its average volume of 342,108. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $4.53 billion, a PE ratio of 18.22 and a beta of 1.85. The firm has a 50 day moving average price of $164.37 and a 200 day moving average price of $179.98. Installed Building Products, Inc. has a twelve month low of $150.83 and a twelve month high of $281.04.

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 for the quarter, missing analysts' consensus estimates of $2.23 by ($0.15). The business had revenue of $684.80 million during the quarter, compared to analyst estimates of $681.34 million. Installed Building Products had a net margin of 8.74% and a return on equity of 43.56%. The company's revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.47 EPS. As a group, equities research analysts forecast that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

Installed Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Friday, June 13th. Installed Building Products's payout ratio 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.