UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $51.83 Million Stake in Installed Building Products, Inc. $IBP

Key Points

• UBS Asset Management increased its stake in Installed Building Products by 190.9% in Q1, now owning approximately $51.83 million worth of shares.
• Installed Building Products recently reported $2.95 earnings per share for the last quarter, exceeding expectations and marking a 3.1% year-over-year revenue increase.
• The company announced a quarterly dividend of $0.37, representing a 0.6% yield and a payout ratio of 16.46%.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 190.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 302,292 shares of the construction company's stock after buying an additional 198,391 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 1.09% of Installed Building Products worth $51,831,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. UMB Bank n.a. raised its stake in Installed Building Products by 142.1% during the first quarter. UMB Bank n.a. now owns 184 shares of the construction company's stock worth $32,000 after buying an additional 108 shares during the last quarter. Fifth Third Bancorp raised its stake in Installed Building Products by 74.6% during the first quarter. Fifth Third Bancorp now owns 227 shares of the construction company's stock worth $39,000 after buying an additional 97 shares during the last quarter. McIlrath & Eck LLC raised its stake in Installed Building Products by 32.3% during the fourth quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock worth $44,000 after buying an additional 61 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new position in Installed Building Products during the fourth quarter worth $90,000. Finally, Advisors Asset Management Inc. raised its stake in Installed Building Products by 36.7% during the first quarter. Advisors Asset Management Inc. now owns 555 shares of the construction company's stock worth $95,000 after buying an additional 149 shares during the last quarter. Institutional investors own 99.61% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on IBP shares. Jefferies Financial Group lifted their target price on shares of Installed Building Products from $175.00 to $225.00 and gave the stock a "hold" rating in a research note on Tuesday, August 12th. Zelman & Associates raised shares of Installed Building Products from an "underperform" rating to a "neutral" rating in a research note on Friday, August 8th. Danske downgraded shares of Installed Building Products from a "buy" rating to a "hold" rating and set a $252.00 target price on the stock. in a research report on Tuesday, August 12th. DA Davidson downgraded shares of Installed Building Products from a "buy" rating to a "hold" rating and boosted their target price for the company from $225.00 to $252.00 in a research report on Tuesday, August 12th. Finally, Loop Capital downgraded shares of Installed Building Products from a "buy" rating to a "hold" rating and set a $255.00 target price on the stock. in a research report on Friday, August 8th. Two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Installed Building Products currently has a consensus rating of "Hold" and a consensus price target of $217.36.

Installed Building Products Stock Performance

IBP opened at $268.07 on Monday. The company has a current ratio of 2.85, a quick ratio of 2.31 and a debt-to-equity ratio of 1.27. The company's fifty day moving average price is $236.13 and its two-hundred day moving average price is $192.42. Installed Building Products, Inc. has a 1-year low of $150.83 and a 1-year high of $280.00. The company has a market cap of $7.33 billion, a price-to-earnings ratio of 29.82 and a beta of 1.76.

Installed Building Products (NYSE:IBP - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The construction company reported $2.95 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.50. Installed Building Products had a net margin of 8.45% and a return on equity of 60.27%. The firm had revenue of $760.30 million for the quarter, compared to the consensus estimate of $711.37 million. During the same quarter in the prior year, the company posted $2.84 earnings per share. The business's revenue was up 3.1% on a year-over-year basis. On average, analysts expect that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.37 dividend. The ex-dividend date is Monday, September 15th. This represents a $1.48 annualized dividend and a dividend yield of 0.6%. Installed Building Products's dividend payout ratio is currently 16.46%.

Insider Activity

In other news, Director Janet E. Jackson sold 1,469 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $266.00, for a total value of $390,754.00. Following the completion of the sale, the director owned 6,873 shares in the company, valued at $1,828,218. This represents a 17.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider William Jeffrey Hire sold 6,500 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $265.71, for a total transaction of $1,727,115.00. Following the completion of the sale, the insider owned 37,999 shares of the company's stock, valued at approximately $10,096,714.29. This represents a 14.61% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,655 shares of company stock worth $3,123,578. Company insiders own 16.20% of the company's stock.

About Installed Building Products

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.

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