Nisa Investment Advisors LLC Grows Position in Installed Building Products, Inc. (NYSE:IBP)

Nisa Investment Advisors LLC grew its stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 57.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,640 shares of the construction company's stock after acquiring an additional 2,068 shares during the quarter. Nisa Investment Advisors LLC's holdings in Installed Building Products were worth $967,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of IBP. First Trust Advisors LP boosted its position in Installed Building Products by 69.8% in the fourth quarter. First Trust Advisors LP now owns 485,727 shares of the construction company's stock valued at $85,124,000 after buying an additional 199,657 shares during the last quarter. GAMMA Investing LLC boosted its position in Installed Building Products by 35,416.8% in the first quarter. GAMMA Investing LLC now owns 169,060 shares of the construction company's stock valued at $289,870,000 after buying an additional 168,584 shares during the last quarter. Norges Bank purchased a new stake in Installed Building Products in the fourth quarter valued at approximately $28,509,000. T. Rowe Price Investment Management Inc. boosted its position in Installed Building Products by 87.9% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 338,081 shares of the construction company's stock valued at $59,249,000 after buying an additional 158,173 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Installed Building Products in the 4th quarter worth approximately $23,776,000. Hedge funds and other institutional investors own 99.61% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on IBP. Benchmark lowered their price objective 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. Deutsche Bank Aktiengesellschaft began coverage on Installed Building Products in a research report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price objective on the stock. Finally, Loop Capital lowered 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $212.45.

Installed Building Products Price Performance

Shares of IBP stock traded down $5.59 during trading hours on Friday, hitting $186.18. 227,639 shares of the company's stock were exchanged, compared to its average volume of 348,726. The company has a quick ratio of 2.31, a current ratio of 2.89 and a debt-to-equity ratio of 1.28. The firm has a market cap of $5.14 billion, a P/E ratio of 21.23 and a beta of 1.74. The firm has a 50 day moving average of $173.80 and a two-hundred day moving average of $175.18. Installed Building Products, Inc. has a fifty-two week low of $150.83 and a fifty-two week high of $281.04.

Installed Building Products (NYSE:IBP - Get Free Report) last posted 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). Installed Building Products had a net margin of 8.39% and a return on equity of 60.73%. The firm had revenue of $684.80 million during the quarter, compared to analyst estimates of $681.34 million. During the same period in the prior year, the company posted $2.47 earnings per share. The firm's revenue for the quarter was down 1.2% compared to the same quarter last year. Sell-side analysts forecast that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date was Friday, June 13th. Installed Building Products's dividend payout ratio (DPR) is presently 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.