Liontrust Investment Partners LLP Buys 3,946 Shares of Installed Building Products, Inc. $IBP

Key Points

• Liontrust Investment Partners LLP has increased its stake in Installed Building Products, Inc. by 78.8%, bringing its total holdings to approximately $1.54 million.
• The company reported $2.95 earnings per share for the quarter, significantly exceeding analysts' expectations of $2.45.
• Installed Building Products declared a quarterly dividend of $0.37 per share, with a total annualized dividend yield of 0.6%.

Liontrust Investment Partners LLP increased its holdings in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 78.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,951 shares of the construction company's stock after purchasing an additional 3,946 shares during the quarter. Liontrust Investment Partners LLP's holdings in Installed Building Products were worth $1,535,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its position in Installed Building Products by 107.1% during the 1st quarter. GAMMA Investing LLC now owns 986 shares of the construction company's stock valued at $169,000 after buying an additional 510 shares during the period. Fifth Third Bancorp increased its holdings in Installed Building Products by 74.6% during the 1st quarter. Fifth Third Bancorp now owns 227 shares of the construction company's stock valued at $39,000 after purchasing an additional 97 shares during the period. Crossmark Global Holdings Inc. raised its position in Installed Building Products by 27.2% during the 1st quarter. Crossmark Global Holdings Inc. now owns 2,212 shares of the construction company's stock valued at $379,000 after purchasing an additional 473 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Installed Building Products by 36.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,079 shares of the construction company's stock worth $356,000 after buying an additional 557 shares during the period. Finally, Stratos Wealth Partners LTD. increased its stake in shares of Installed Building Products by 1.7% during the first quarter. Stratos Wealth Partners LTD. now owns 4,173 shares of the construction company's stock valued at $716,000 after buying an additional 68 shares during the period. Hedge funds and other 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. Benchmark lowered their target price on Installed Building Products from $210.00 to $185.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Zelman & Associates raised Installed Building Products from an "underperform" rating to a "neutral" rating in a research report on Friday, August 8th. DA Davidson downgraded shares of Installed Building Products from a "buy" rating to a "hold" rating and upped their target price for the stock from $225.00 to $252.00 in a research report on Tuesday, August 12th. Zacks Research upgraded shares of Installed Building Products from a "strong sell" rating to a "hold" rating in a report on Thursday, August 14th. Finally, Jefferies Financial Group raised their target price on shares of Installed Building Products from $175.00 to $225.00 and gave the company a "hold" rating in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Installed Building Products presently has an average rating of "Hold" and an average target price of $217.36.

Insider Transactions at Installed Building Products

In other Installed Building Products news, insider William Jeffrey Hire sold 6,500 shares of Installed Building Products stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $265.71, for a total transaction of $1,727,115.00. Following the completion of the transaction, the insider directly owned 37,999 shares of the company's stock, valued at $10,096,714.29. The trade was a 14.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Todd R. Fry sold 500 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of $257.27, for a total transaction of $128,635.00. Following the completion of the sale, the chief accounting officer directly owned 6,822 shares in the company, valued at approximately $1,755,095.94. This represents a 6.83% decrease in their position. The disclosure for this sale can be found here. 16.20% of the stock is currently owned by company insiders.

Installed Building Products Stock Performance

Shares of NYSE IBP traded down $3.4120 during midday trading on Thursday, hitting $259.8580. 155,138 shares of the stock traded hands, compared to its average volume of 436,642. Installed Building Products, Inc. has a one year low of $150.83 and a one year high of $275.76. The firm has a market capitalization of $7.10 billion, a P/E ratio of 28.95 and a beta of 1.73. The firm has a 50-day moving average of $205.23 and a two-hundred day moving average of $181.66. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.31 and a current ratio of 2.85.

Installed Building Products (NYSE:IBP - Get Free Report) last released its earnings results on Thursday, August 7th. The construction company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.45 by $0.50. The firm had revenue of $760.30 million for the quarter, compared to the consensus estimate of $711.37 million. Installed Building Products had a net margin of 8.45% and a return on equity of 60.27%. The company's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.84 earnings per share. On average, equities analysts forecast that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.6%. Installed Building Products's dividend payout ratio (DPR) is 16.46%.

About Installed Building Products

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.