Teacher Retirement System of Texas Acquires New Holdings in Installed Building Products, Inc. (NYSE:IBP)

Teacher Retirement System of Texas purchased a new stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,498 shares of the construction company's stock, valued at approximately $600,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. First Trust Advisors LP raised its position in Installed Building Products by 69.8% during the 4th quarter. First Trust Advisors LP now owns 485,727 shares of the construction company's stock worth $85,124,000 after buying an additional 199,657 shares during the last quarter. GAMMA Investing LLC raised its position in Installed Building Products by 35,416.8% during the 1st quarter. GAMMA Investing LLC now owns 169,060 shares of the construction company's stock worth $289,870,000 after buying an additional 168,584 shares during the last quarter. Norges Bank purchased a new position in Installed Building Products during the 4th quarter worth $28,509,000. T. Rowe Price Investment Management Inc. raised its position in Installed Building Products by 87.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 338,081 shares of the construction company's stock worth $59,249,000 after buying an additional 158,173 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Installed Building Products during the 4th quarter worth $23,776,000. Hedge funds and other institutional investors own 99.61% of the company's stock.

Analysts Set New Price Targets

IBP has been the subject of a number of analyst reports. Benchmark cut 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. Loop Capital lowered 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 note on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Installed Building Products in a research note on Tuesday, April 1st. They set 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 issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Installed Building Products currently has an average rating of "Hold" and a consensus target price of $212.45.

Installed Building Products Price Performance

NYSE IBP traded down $2.24 during trading hours on Friday, reaching $189.53. The company's stock had a trading volume of 30,771 shares, compared to its average volume of 400,927. The stock has a market cap of $5.23 billion, a PE ratio of 21.52 and a beta of 1.74. Installed Building Products, Inc. has a fifty-two week low of $150.83 and a fifty-two week high of $281.04. The company's 50-day moving average is $173.80 and its two-hundred day moving average is $175.18. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.31 and a current ratio of 2.89.

Installed Building Products (NYSE:IBP - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The construction company reported $2.08 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.15). The business had revenue of $684.80 million during the quarter, compared to analyst estimates of $681.34 million. Installed Building Products had a net margin of 8.39% and a return on equity of 60.73%. Installed Building Products's revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.47 earnings per share. Analysts forecast that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.37 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.48 dividend on an annualized basis and a yield of 0.78%. Installed Building Products's payout ratio is 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.