Russell Investments Group Ltd. Has $1.33 Million Holdings in Installed Building Products, Inc. $IBP

Key Points

• Russell Investments Group Ltd. increased its holdings in Installed Building Products, Inc. by 14.5% to $1.33 million, owning a total of 7,758 shares as of its latest SEC filing.
• Installed Building Products reported earnings of $2.95 per share for the last quarter, exceeding estimates, with revenue rising 3.1% year-over-year to $760.30 million.
• The company announced a quarterly dividend of $0.37, with an annualized yield of 0.5%, set to be paid on September 30th to shareholders recorded by September 15th.

Russell Investments Group Ltd. increased its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 14.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,758 shares of the construction company's stock after acquiring an additional 980 shares during the quarter. Russell Investments Group Ltd.'s holdings in Installed Building Products were worth $1,330,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in IBP. MML Investors Services LLC raised its holdings in shares of Installed Building Products by 13.6% during the fourth quarter. MML Investors Services LLC now owns 10,283 shares of the construction company's stock valued at $1,802,000 after acquiring an additional 1,230 shares during the period. Stifel Financial Corp raised its holdings in shares of Installed Building Products by 4.2% during the fourth quarter. Stifel Financial Corp now owns 11,468 shares of the construction company's stock valued at $2,010,000 after acquiring an additional 462 shares during the period. MGO One Seven LLC acquired a new stake in shares of Installed Building Products during the fourth quarter valued at approximately $205,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Installed Building Products during the fourth quarter valued at approximately $314,000. Finally, Aquatic Capital Management LLC acquired a new stake in shares of Installed Building Products during the fourth quarter valued at approximately $1,621,000. Institutional investors and hedge funds own 99.61% of the company's stock.

Installed Building Products Stock Performance

IBP stock opened at $269.52 on Thursday. The company has a quick ratio of 2.31, a current ratio of 2.85 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $7.37 billion, a price-to-earnings ratio of 29.98 and a beta of 1.73. Installed Building Products, Inc. has a 12 month low of $150.83 and a 12 month high of $278.74. The firm has a 50 day moving average of $215.79 and a two-hundred day moving average of $184.50.

Installed Building Products (NYSE:IBP - Get Free Report) last posted its earnings results on Thursday, August 7th. The construction company reported $2.95 EPS for the quarter, topping the consensus estimate of $2.45 by $0.50. The company had revenue of $760.30 million during the quarter, compared to the consensus estimate of $711.37 million. Installed Building Products had a net margin of 8.45% and a return on equity of 60.27%. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.84 earnings per share. As a group, equities analysts anticipate that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 15th. Installed Building Products's payout ratio is currently 16.46%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on IBP shares. Danske downgraded shares of Installed Building Products from a "buy" rating to a "hold" rating and set a $252.00 price objective on the stock. in a research report on Tuesday, August 12th. Royal Bank Of Canada reaffirmed an "underperform" rating and set a $184.00 price objective (up from $145.00) on shares of Installed Building Products in a research report on Thursday, August 7th. Zacks Research raised shares of Installed Building Products from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 14th. DA Davidson downgraded shares of Installed Building Products from a "buy" rating to a "hold" rating and boosted their price objective for the company from $225.00 to $252.00 in a research report on Tuesday, August 12th. Finally, Loop Capital downgraded shares of Installed Building Products from a "buy" rating to a "hold" rating and set a $255.00 price objective on the stock. in a research report on Friday, August 8th. Two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $217.36.

Insider Buying and Selling at Installed Building Products

In other Installed Building Products news, Director Janet E. Jackson sold 1,469 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $266.00, for a total value of $390,754.00. Following the completion of the sale, the director directly owned 6,873 shares of the company's stock, valued at $1,828,218. The trade was a 17.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Brad A. Wheeler sold 3,186 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $275.29, for a total transaction of $877,073.94. Following the completion of the sale, the chief operating officer directly owned 8,736 shares of the company's stock, valued at $2,404,933.44. This represents a 26.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,655 shares of company stock valued at $3,123,578. 16.20% of the stock is currently owned by insiders.

About Installed Building Products

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.

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