Two Sigma Advisers LP Buys 25,200 Shares of Installed Building Products, Inc. (NYSE:IBP)

Two Sigma Advisers LP increased its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 204.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,500 shares of the construction company's stock after purchasing an additional 25,200 shares during the period. Two Sigma Advisers LP owned 0.13% of Installed Building Products worth $6,572,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Curio Wealth LLC purchased a new stake in Installed Building Products during the 4th quarter worth about $30,000. Smartleaf Asset Management LLC increased its position in shares of Installed Building Products by 295.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock valued at $64,000 after buying an additional 272 shares in the last quarter. Headlands Technologies LLC increased its position in 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 in the last quarter. State of Wyoming grew its holdings in Installed Building Products by 10.1% in the fourth quarter. State of Wyoming now owns 840 shares of the construction company's stock valued at $147,000 after purchasing an additional 77 shares during the period. Finally, Principal Securities Inc. boosted its stake in shares of Installed Building Products by 20.0% in the fourth quarter. Principal Securities Inc. now owns 1,118 shares of the construction company's stock valued at $196,000 after purchasing an additional 186 shares during the period. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IBP. Deutsche Bank Aktiengesellschaft started coverage on Installed Building Products in a research report on Tuesday, April 1st. They set a "hold" rating and a $183.00 target price on the stock. 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 note on Friday, May 9th. DA Davidson decreased their price target on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Wall Street Zen lowered shares of Installed Building Products from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Truist Financial decreased their target price on shares of Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock 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 given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $212.45.

Installed Building Products Stock Performance

IBP traded up $1.49 during trading on Thursday, hitting $156.28. 61,335 shares of the company traded hands, compared to its average volume of 340,722. The stock's fifty day moving average is $165.66 and its 200 day moving average is $181.44. Installed Building Products, Inc. has a one year low of $150.83 and a one year high of $281.04. The firm has a market cap of $4.31 billion, a P/E ratio of 17.37 and a beta of 1.85. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18.

Installed Building Products (NYSE:IBP - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The construction company reported $2.08 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 company had revenue of $684.80 million during the quarter, compared to the consensus estimate of $681.34 million. During the same period in the previous year, the business earned $2.47 earnings per share. Installed Building Products's revenue was down 1.2% on a year-over-year basis. As a group, equities analysts predict that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Friday, June 13th. Installed Building Products's dividend payout ratio is currently 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.