Royce & Associates LP Has $41.22 Million Stake in Installed Building Products, Inc. (NYSE:IBP)

Royce & Associates LP increased its stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 48.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 240,409 shares of the construction company's stock after buying an additional 78,246 shares during the quarter. Royce & Associates LP owned about 0.87% of Installed Building Products worth $41,221,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IBP. UMB Bank n.a. grew its stake in Installed Building Products by 142.1% during the 1st quarter. UMB Bank n.a. now owns 184 shares of the construction company's stock worth $32,000 after buying an additional 108 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Installed Building Products by 74.6% in the first quarter. Fifth Third Bancorp now owns 227 shares of the construction company's stock worth $39,000 after purchasing an additional 97 shares in the last quarter. McIlrath & Eck LLC grew its stake in shares of 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 purchasing an additional 61 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new position in shares of Installed Building Products in the fourth quarter worth $90,000. Finally, CWM LLC grew its stake in shares of Installed Building Products by 178.7% in the first quarter. CWM LLC now owns 588 shares of the construction company's stock worth $101,000 after purchasing an additional 377 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors.

Installed Building Products Trading Up 0.9%

Shares of NYSE IBP traded up $1.86 during mid-day trading on Monday, hitting $206.33. 298,241 shares of the company traded hands, compared to its average volume of 409,034. Installed Building Products, Inc. has a 1 year low of $150.83 and a 1 year high of $281.04. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 23.53 and a beta of 1.74. 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 business has a 50 day moving average of $177.66 and a two-hundred day moving average of $176.11.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its 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). The company had revenue of $684.80 million for the quarter, compared to analysts' expectations of $681.34 million. Installed Building Products had a net margin of 8.39% and a return on equity of 60.73%. The company's revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the prior year, the company earned $2.47 earnings per share. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Friday, June 13th. Installed Building Products's payout ratio is currently 16.88%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Installed Building Products in a research note on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price target for the company. 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. Finally, Benchmark decreased their price target on Installed Building Products from $210.00 to $185.00 and set a "buy" rating for the company in a research note on Friday, May 9th. 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. Based on data from MarketBeat.com, the stock currently 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.