NBC Securities Inc. Grows Stock Position in Installed Building Products, Inc. (NYSE:IBP)

NBC Securities Inc. grew its holdings in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 165,300.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,654 shares of the construction company's stock after purchasing 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 & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Curio Wealth LLC bought a new stake in Installed Building Products during the 4th quarter valued at $30,000. McIlrath & Eck LLC raised its stake in Installed Building Products by 32.3% in the fourth quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock worth $44,000 after buying an additional 61 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Installed Building Products by 295.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock valued at $64,000 after acquiring an additional 272 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new stake in Installed Building Products during the 4th quarter valued at $90,000. Finally, Headlands Technologies LLC increased its holdings in shares of Installed Building Products by 819.0% in the 4th quarter. Headlands Technologies LLC now owns 726 shares of the construction company's stock valued at $127,000 after acquiring an additional 647 shares during the period. Hedge funds and other institutional investors own 99.61% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on IBP. Loop Capital dropped their price objective on Installed Building Products from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Wall Street Zen downgraded Installed Building Products from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. 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 note on Friday, May 9th. Deutsche Bank Aktiengesellschaft assumed coverage on Installed Building Products in a research report on Tuesday, April 1st. They set a "hold" rating and a $183.00 target price on the stock. Finally, DA Davidson dropped their price target on Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $212.45.

Installed Building Products Stock Performance

Shares of IBP stock traded up $3.29 during trading hours on Monday, hitting $168.36. The company's stock had a trading volume of 468,640 shares, compared to its average volume of 342,968. The stock has a market cap of $4.65 billion, a PE ratio of 18.71 and a beta of 1.73. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month high of $281.04. The company has a 50 day moving average of $164.10 and a 200 day moving average of $178.93. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18.

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 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 for the quarter, compared to analyst estimates of $681.34 million. During the same period in the previous year, the business earned $2.47 EPS. Installed Building Products's revenue for the quarter was down 1.2% compared to the same quarter last year. On average, sell-side analysts forecast that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.88%. Installed Building Products's dividend payout ratio is currently 16.88%.

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.