NBC Securities Inc. Has $283,000 Holdings in Installed Building Products, Inc. (NYSE:IBP)

NBC Securities Inc. boosted its holdings in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 165,300.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,654 shares of the construction company's stock after buying an additional 1,653 shares during the period. NBC Securities Inc.'s holdings in Installed Building Products were worth $283,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC raised its position in Installed Building Products by 8.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,266 shares of the construction company's stock valued at $923,000 after buying an additional 405 shares during the period. Principal Financial Group Inc. increased its position in Installed Building Products by 3.6% in the 4th quarter. Principal Financial Group Inc. now owns 126,872 shares of the construction company's stock worth $22,234,000 after purchasing an additional 4,467 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Installed Building Products by 295.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock worth $64,000 after purchasing an additional 272 shares during the last quarter. JPMorgan Chase & Co. increased its position in Installed Building Products by 112.6% in the 4th quarter. JPMorgan Chase & Co. now owns 153,772 shares of the construction company's stock worth $26,949,000 after purchasing an additional 81,455 shares during the last quarter. Finally, WCM Investment Management LLC increased its position in Installed Building Products by 49.7% in the 4th quarter. WCM Investment Management LLC now owns 91,415 shares of the construction company's stock worth $15,950,000 after purchasing an additional 30,364 shares during the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Installed Building Products Stock Performance

Shares of IBP stock traded down $4.16 during mid-day trading on Wednesday, reaching $170.84. The stock had a trading volume of 426,750 shares, compared to its average volume of 344,685. The firm's 50 day simple moving average is $164.12 and its 200 day simple moving average is $178.51. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. Installed Building Products, Inc. has a one year low of $150.83 and a one year high of $281.04. The firm has a market cap of $4.72 billion, a PE ratio of 18.98 and a beta of 1.73.

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

Installed Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a $0.37 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.87%. Installed Building Products's dividend payout ratio is currently 16.88%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Benchmark dropped their target price 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. Wall Street Zen lowered Installed Building Products from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on 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. Truist Financial dropped their target price 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. Finally, Loop Capital decreased their price target 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. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $212.45.

Installed Building Products 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.