Jefferies Financial Group Inc. Buys New Shares in Installed Building Products, Inc. (NYSE:IBP)

Jefferies Financial Group Inc. acquired a new stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 4,697 shares of the construction company's stock, valued at approximately $823,000.

A number of other hedge funds have also recently bought and sold shares of IBP. Vanguard Group Inc. boosted 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 worth $462,100,000 after purchasing an additional 16,597 shares during the last quarter. FIL Ltd boosted its position in shares of Installed Building Products by 14.0% in the 4th 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 boosted its position 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 worth $111,053,000 after purchasing an additional 10,553 shares during the last quarter. Giverny Capital Inc. boosted its position in shares of Installed Building Products by 3.6% in the 4th 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. Finally, First Trust Advisors LP boosted its position in shares of Installed Building Products by 69.8% in the 4th quarter. First Trust Advisors LP now owns 485,727 shares of the construction company's stock worth $85,124,000 after purchasing an additional 199,657 shares during the last quarter. 99.61% of the stock is currently owned by institutional investors.

Installed Building Products Trading Down 0.4%

NYSE:IBP traded down $0.71 on Friday, reaching $159.28. The company's stock had a trading volume of 404,124 shares, compared to its average volume of 342,101. The firm has a market cap of $4.40 billion, a PE ratio of 17.70 and a beta of 1.85. The business's 50-day moving average price is $164.89 and its two-hundred day moving average price is $180.57. Installed Building Products, Inc. has a 1-year low of $150.83 and a 1-year high of $281.04. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99.

Installed Building Products (NYSE:IBP - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The construction company reported $2.08 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.15). The firm had revenue of $684.80 million during the quarter, compared to the consensus estimate of $681.34 million. Installed Building Products had a net margin of 8.74% and a return on equity of 43.56%. The business's revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.47 earnings per share. Equities research analysts anticipate that Installed Building Products, Inc. will post 10.66 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.48 annualized dividend and a dividend yield of 0.93%. Installed Building Products's dividend payout ratio is currently 16.88%.

Analyst Upgrades and Downgrades

IBP has been the topic of several recent research reports. Benchmark reduced their price target on 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. DA Davidson reduced their price target on Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Truist Financial reduced their price target on Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a research report on Monday, March 3rd. Loop Capital decreased 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. Finally, Wall Street Zen cut Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price 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.