Segall Bryant & Hamill LLC Sells 1,561 Shares of Installed Building Products, Inc. (NYSE:IBP)

Segall Bryant & Hamill LLC lowered its stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 2.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 55,299 shares of the construction company's stock after selling 1,561 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.20% of Installed Building Products worth $9,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. UMB Bank n.a. grew its holdings in Installed Building Products by 142.1% in the first quarter. UMB Bank n.a. now owns 184 shares of the construction company's stock worth $32,000 after purchasing an additional 108 shares during the period. Fifth Third Bancorp grew its holdings in 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 during the period. McIlrath & Eck LLC grew 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 purchasing an additional 61 shares during the period. Mpwm Advisory Solutions LLC purchased a new stake in Installed Building Products in the fourth quarter worth about $90,000. Finally, CWM LLC grew its holdings in 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 during the period. Hedge funds and other institutional investors own 99.61% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on IBP. Deutsche Bank Aktiengesellschaft began 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 objective on the stock. Loop Capital decreased their price target on shares of 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. Finally, Benchmark decreased their price target on shares of 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. Two research 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. Based on data from MarketBeat, Installed Building Products has a consensus rating of "Hold" and an average price target of $212.45.

Installed Building Products Stock Performance

NYSE IBP traded up $1.37 during trading hours on Monday, hitting $185.46. The company had a trading volume of 687,126 shares, compared to its average volume of 350,801. Installed Building Products, Inc. has a fifty-two week low of $150.83 and a fifty-two week high of $281.04. 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 fifty day simple moving average of $174.26 and a 200-day simple moving average of $175.25. The firm has a market cap of $5.12 billion, a P/E ratio of 21.15 and a beta of 1.74.

Installed Building Products (NYSE:IBP - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The construction company reported $2.08 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $684.80 million during the quarter, compared to analyst estimates of $681.34 million. During the same quarter last year, the business earned $2.47 EPS. The company's revenue for the quarter was down 1.2% compared to the same quarter last year. Equities analysts predict that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend 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.