Squarepoint Ops LLC Purchases Shares of 3,660 Installed Building Products, Inc. (NYSE:IBP)

Squarepoint Ops LLC purchased a new position in Installed Building Products, Inc. (NYSE:IBP - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,660 shares of the construction company's stock, valued at approximately $641,000.

Other institutional investors have also modified their holdings of the company. Curio Wealth LLC purchased a new stake in shares of Installed Building Products during the 4th quarter worth $30,000. Smartleaf Asset Management LLC lifted its position in shares of Installed Building Products by 295.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock worth $64,000 after purchasing an additional 272 shares during the last quarter. Headlands Technologies LLC lifted its position in shares of Installed Building Products by 819.0% during the 4th quarter. Headlands Technologies LLC now owns 726 shares of the construction company's stock worth $127,000 after purchasing an additional 647 shares during the last quarter. State of Wyoming lifted its position in shares of Installed Building Products by 10.1% during the 4th quarter. State of Wyoming now owns 840 shares of the construction company's stock worth $147,000 after purchasing an additional 77 shares during the last quarter. Finally, Principal Securities Inc. lifted its position in shares of Installed Building Products by 20.0% during the 4th quarter. Principal Securities Inc. now owns 1,118 shares of the construction company's stock worth $196,000 after purchasing an additional 186 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Benchmark decreased their price objective on shares of Installed Building Products from $210.00 to $185.00 and set a "buy" rating for the company in a research report on Friday, May 9th. 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 for the company. DA Davidson reduced their price target on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Wall Street Zen cut shares of Installed Building Products from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Truist Financial reduced their price target on shares of Installed Building Products from $240.00 to $180.00 and set a "hold" rating for the company in a research report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $212.45.

Installed Building Products Price Performance

IBP traded down $4.04 on Friday, hitting $165.71. 493,784 shares of the company were exchanged, compared to its average volume of 343,145. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The business's fifty day moving average is $164.10 and its 200 day moving average is $179.16. Installed Building Products, Inc. has a fifty-two week low of $150.83 and a fifty-two week high of $281.04. The firm has a market capitalization of $4.58 billion, a P/E ratio of 18.41 and a beta of 1.73.

Installed Building Products (NYSE:IBP - Get Free Report) last issued its earnings results on Thursday, May 8th. The construction company reported $2.08 earnings per share 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 for the quarter, compared to analyst estimates of $681.34 million. During the same quarter in the previous year, the company posted $2.47 earnings per share. The company's quarterly revenue was down 1.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, June 13th. Installed Building Products's dividend payout ratio (DPR) 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.