KBC Group NV Sells 1,305 Shares of Installed Building Products, Inc. (NYSE:IBP)

KBC Group NV decreased its holdings in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 50.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,257 shares of the construction company's stock after selling 1,305 shares during the quarter. KBC Group NV's holdings in Installed Building Products were worth $216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bessemer Group Inc. grew its position in shares of Installed Building Products by 5.5% during the 1st quarter. Bessemer Group Inc. now owns 68,932 shares of the construction company's stock valued at $11,818,000 after purchasing an additional 3,617 shares in the last quarter. Cooper Investors PTY Ltd. grew its position in shares of Installed Building Products by 6.3% during the 1st quarter. Cooper Investors PTY Ltd. now owns 25,031 shares of the construction company's stock valued at $4,292,000 after purchasing an additional 1,492 shares in the last quarter. Blue Trust Inc. grew its position in shares of Installed Building Products by 7.4% during the 1st quarter. Blue Trust Inc. now owns 1,212 shares of the construction company's stock valued at $208,000 after purchasing an additional 84 shares in the last quarter. Boston Trust Walden Corp grew its position in shares of Installed Building Products by 56.7% during the 1st quarter. Boston Trust Walden Corp now owns 258,256 shares of the construction company's stock valued at $44,281,000 after purchasing an additional 93,411 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of 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. Institutional investors own 99.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on IBP shares. Loop Capital reduced their price target on shares of Installed Building Products from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Deutsche Bank Aktiengesellschaft assumed 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 for the company. Finally, Benchmark cut their target price on shares of Installed Building Products from $210.00 to $185.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Installed Building Products currently has an average rating of "Hold" and an average price target of $212.45.

Installed Building Products Stock Performance

Shares of NYSE:IBP opened at $194.58 on Monday. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 22.19 and a beta of 1.74. The company has a 50-day moving average price of $168.62 and a 200-day moving average price of $173.96. 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 12 month low of $150.83 and a 12 month high of $281.04.

Installed Building Products (NYSE:IBP - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The construction company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.15). The firm had revenue of $684.80 million for the quarter, compared to the consensus estimate of $681.34 million. Installed Building Products had a net margin of 8.39% and a return on equity of 60.73%. The business's revenue was down 1.2% on a year-over-year basis. During the same period last year, the company posted $2.47 earnings per share. As a group, equities analysts anticipate that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was 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.

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