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

Nisa Investment Advisors LLC grew its holdings in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 57.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,640 shares of the construction company's stock after purchasing an additional 2,068 shares during the quarter. Nisa Investment Advisors LLC's holdings in Installed Building Products were worth $967,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. McIlrath & Eck LLC raised its holdings 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 during the last quarter. Stratos Wealth Partners LTD. increased its holdings in shares of Installed Building Products by 1.7% in the 1st quarter. Stratos Wealth Partners LTD. now owns 4,173 shares of the construction company's stock worth $716,000 after purchasing an additional 68 shares in the last quarter. TD Private Client Wealth LLC raised its stake in shares of Installed Building Products by 7.1% in the first quarter. TD Private Client Wealth LLC now owns 1,134 shares of the construction company's stock worth $194,000 after purchasing an additional 75 shares during the last quarter. State of Wyoming lifted its holdings in shares of Installed Building Products by 10.1% during the fourth quarter. State of Wyoming now owns 840 shares of the construction company's stock valued at $147,000 after purchasing an additional 77 shares in the last quarter. Finally, Summit Investment Advisors Inc. boosted its position in shares of Installed Building Products by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,507 shares of the construction company's stock valued at $439,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on IBP. Benchmark cut their price objective on Installed Building Products from $210.00 to $185.00 and set a "buy" rating for the company in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Installed Building Products in a research report on Tuesday, April 1st. They set a "hold" rating and a $183.00 price target for the company. Finally, Loop Capital reduced their target price on shares of Installed Building Products from $210.00 to $200.00 and set a "buy" rating for the company in a report on Monday, May 12th. Two equities research 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. According to MarketBeat, Installed Building Products has a consensus rating of "Hold" and a consensus price target of $212.45.

Installed Building Products Trading Down 4.1%

Shares of Installed Building Products stock traded down $8.17 during trading on Tuesday, hitting $190.58. The stock had a trading volume of 327,101 shares, compared to its average volume of 349,925. The stock has a market cap of $5.26 billion, a PE ratio of 21.73 and a beta of 1.74. Installed Building Products, Inc. has a 12 month low of $150.83 and a 12 month high of $281.04. The firm's fifty day simple moving average is $171.57 and its 200-day simple moving average is $174.66. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.89 and a quick ratio of 2.31.

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

Installed Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.37 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.48 annualized dividend and a yield of 0.78%. Installed Building Products's dividend payout ratio (DPR) is 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.