Installed Building Products, Inc. (NYSE:IBP) Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC boosted its holdings in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 44.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,208 shares of the construction company's stock after purchasing an additional 2,221 shares during the quarter. ProShare Advisors LLC's holdings in Installed Building Products were worth $1,263,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Installed Building Products by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 2,636,803 shares of the construction company's stock valued at $462,100,000 after purchasing an additional 16,597 shares during the last quarter. FIL Ltd lifted its position in Installed Building Products by 14.0% in the fourth quarter. FIL Ltd now owns 1,039,038 shares of the construction company's stock worth $182,091,000 after buying an additional 127,215 shares during the last quarter. Geode Capital Management LLC boosted its stake in Installed Building Products by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 633,556 shares of the construction company's stock worth $111,053,000 after buying an additional 10,553 shares during the period. Giverny Capital Inc. boosted its stake in Installed Building Products by 3.6% during the fourth quarter. Giverny Capital Inc. now owns 504,735 shares of the construction company's stock worth $88,455,000 after buying an additional 17,620 shares during the period. Finally, First Trust Advisors LP increased its position in Installed Building Products by 69.8% during the fourth quarter. First Trust Advisors LP now owns 485,727 shares of the construction company's stock valued at $85,124,000 after acquiring an additional 199,657 shares during the last quarter. Institutional investors own 99.61% of the company's stock.

Installed Building Products Stock Down 2.5%

Shares of IBP stock traded down $4.13 during mid-day trading on Wednesday, hitting $158.66. The stock had a trading volume of 76,562 shares, compared to its average volume of 338,914. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month high of $281.04. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. The firm's 50-day moving average is $166.01 and its two-hundred day moving average is $181.63. The firm has a market capitalization of $4.38 billion, a P/E ratio of 17.64 and a beta of 1.85.

Installed Building Products (NYSE:IBP - Get Free Report) last released its quarterly earnings results 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 return on equity of 43.56% and a net margin of 8.74%. The company had revenue of $684.80 million during the quarter, compared to the consensus estimate of $681.34 million. During the same period in the previous year, the firm posted $2.47 earnings per share. The company's revenue was down 1.2% on a year-over-year basis. On average, analysts predict that Installed Building Products, Inc. will post 10.66 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend is Friday, June 13th. Installed Building Products's dividend payout ratio is currently 16.88%.

Analysts Set New Price Targets

IBP has been the topic of several analyst reports. DA Davidson cut their price target on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a report on Friday, February 28th. Wall Street Zen cut Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft started coverage on Installed Building Products in a research note on Tuesday, April 1st. They set a "hold" rating and a $183.00 price target for the company. Truist Financial dropped their price objective on Installed Building Products from $240.00 to $180.00 and set a "hold" rating for the company in a report on Monday, March 3rd. Finally, Loop Capital reduced their target price on Installed Building Products from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, Installed Building Products has an average rating of "Hold" and a consensus target price of $212.45.

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.