3,660 Shares in Installed Building Products, Inc. (NYSE:IBP) Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC acquired a new position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,660 shares of the construction company's stock, valued at approximately $641,000.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of Installed Building Products by 7.9% in the 4th quarter. Blue Trust Inc. now owns 1,257 shares of the construction company's stock valued at $220,000 after purchasing an additional 92 shares during the period. Boston Trust Walden Corp raised its holdings in shares of Installed Building Products by 23.0% in the 4th quarter. Boston Trust Walden Corp now owns 164,845 shares of the construction company's stock valued at $28,889,000 after purchasing an additional 30,840 shares during the period. Choreo LLC raised its holdings in shares of Installed Building Products by 68.2% in the 4th quarter. Choreo LLC now owns 2,158 shares of the construction company's stock valued at $377,000 after purchasing an additional 875 shares during the period. Vest Financial LLC raised its holdings in shares of Installed Building Products by 121.5% in the 4th quarter. Vest Financial LLC now owns 13,777 shares of the construction company's stock valued at $2,414,000 after purchasing an additional 7,557 shares during the period. Finally, WCM Investment Management LLC raised its holdings in shares of Installed Building Products by 49.7% in the 4th quarter. WCM Investment Management LLC now owns 91,415 shares of the construction company's stock valued at $15,950,000 after purchasing an additional 30,364 shares during the period. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IBP has been the topic of a number of research analyst reports. Loop Capital dropped their target price on shares of Installed Building Products from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, May 12th. DA Davidson dropped their target price 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. Truist Financial lowered their price target on shares of Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a report on Monday, March 3rd. Benchmark lowered 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 report on Friday, May 9th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Installed Building Products in a report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $212.45.

Installed Building Products Stock Performance

Shares of NYSE:IBP traded up $3.26 on Thursday, reaching $169.52. 591,902 shares of the company's stock were exchanged, compared to its average volume of 342,717. The company has a fifty day moving average of $164.28 and a 200-day moving average of $179.89. Installed Building Products, Inc. has a twelve month low of $150.83 and a twelve month high of $281.04. The company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 18.84 and a beta of 1.85. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its 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 43.56% and a net margin of 8.74%. The business had revenue of $684.80 million for the quarter, compared to analyst estimates of $681.34 million. During the same quarter in the previous year, the company earned $2.47 EPS. The business's revenue for the quarter was down 1.2% on a year-over-year basis. On average, research analysts predict that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, June 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.87%. Installed Building Products's payout ratio is presently 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.