Two Sigma Investments LP Buys 54,344 Shares of Installed Building Products, Inc. (NYSE:IBP)

Two Sigma Investments LP increased its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 503.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,135 shares of the construction company's stock after purchasing an additional 54,344 shares during the quarter. Two Sigma Investments LP owned 0.23% of Installed Building Products worth $11,415,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of IBP. First Trust Advisors LP lifted its position in Installed Building Products by 69.8% during the fourth quarter. First Trust Advisors LP now owns 485,727 shares of the construction company's stock worth $85,124,000 after purchasing an additional 199,657 shares during the period. Norges Bank bought a new stake in Installed Building Products during the fourth quarter worth about $28,509,000. T. Rowe Price Investment Management Inc. lifted its position in Installed Building Products by 87.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 338,081 shares of the construction company's stock worth $59,249,000 after purchasing an additional 158,173 shares during the period. Raymond James Financial Inc. bought a new stake in Installed Building Products during the fourth quarter worth about $23,776,000. Finally, FIL Ltd lifted its position in Installed Building Products by 14.0% during the fourth quarter. FIL Ltd now owns 1,039,038 shares of the construction company's stock worth $182,091,000 after purchasing an additional 127,215 shares during the period. Institutional investors own 99.61% of the company's stock.

Installed Building Products Trading Up 0.4%

Shares of Installed Building Products stock traded up $0.61 on Thursday, hitting $155.40. The stock had a trading volume of 50,420 shares, compared to its average volume of 340,592. The stock has a 50 day moving average of $165.66 and a 200 day moving average of $181.44. Installed Building Products, Inc. has a twelve month low of $150.83 and a twelve month high of $281.04. 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 firm has a market capitalization of $4.29 billion, a P/E ratio of 17.25 and a beta of 1.85.

Installed Building Products (NYSE:IBP - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.15). Installed Building Products had a net margin of 8.74% and a return on equity of 43.56%. The firm had revenue of $684.80 million during the quarter, compared to analyst estimates of $681.34 million. During the same period in the prior year, the company earned $2.47 EPS. The business's quarterly revenue was down 1.2% compared to the same quarter last year. Sell-side analysts expect that Installed Building Products, Inc. will post 10.66 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend 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%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on IBP shares. DA Davidson cut their price objective 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. Benchmark lowered their target price on Installed Building Products from $210.00 to $185.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Loop Capital lowered their target price on Installed Building Products from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Wall Street Zen downgraded Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Truist Financial lowered their target price on Installed Building Products from $240.00 to $180.00 and set a "hold" rating for the company in a research note on Monday, March 3rd. Two investment 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $212.45.

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.