Installed Building Products, Inc. $IBP Shares Bought by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Installed Building Products by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,671,315 shares of the construction company's stock worth $458,024,000 after purchasing an additional 34,512 shares during the period. Eminence Capital LP acquired a new position in Installed Building Products during the 1st quarter worth approximately $109,114,000. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Installed Building Products by 28.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 530,181 shares of the construction company's stock worth $90,905,000 after acquiring an additional 117,810 shares in the last quarter. Giverny Capital Inc. boosted its stake in shares of Installed Building Products by 0.7% during the 1st quarter. Giverny Capital Inc. now owns 508,073 shares of the construction company's stock worth $87,114,000 after acquiring an additional 3,338 shares in the last quarter. Finally, Timucuan Asset Management Inc. FL purchased a new stake in shares of Installed Building Products during the 1st quarter worth approximately $85,786,000. Institutional investors and hedge funds own 99.61% of the company's stock.

Installed Building Products Trading Down 1.8%

Shares of IBP stock traded down $4.71 on Friday, reaching $259.00. 739,177 shares of the stock were exchanged, compared to its average volume of 445,499. The stock has a market cap of $7.08 billion, a P/E ratio of 28.81 and a beta of 1.76. The company has a quick ratio of 2.31, a current ratio of 2.85 and a debt-to-equity ratio of 1.27. The firm has a 50 day moving average of $242.50 and a two-hundred day moving average of $195.33. Installed Building Products, Inc. has a 1-year low of $150.83 and a 1-year high of $280.00.

Installed Building Products (NYSE:IBP - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The construction company reported $2.95 EPS for the quarter, topping analysts' consensus estimates of $2.45 by $0.50. Installed Building Products had a return on equity of 60.27% and a net margin of 8.45%.The business had revenue of $760.30 million during the quarter, compared to the consensus estimate of $711.37 million. During the same period in the prior year, the firm posted $2.84 EPS. The business's revenue for the quarter was up 3.1% on a year-over-year basis. On average, research 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 announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.37 per share. 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 (DPR) is currently 16.46%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IBP. Jefferies Financial Group boosted their price target on Installed Building Products from $175.00 to $225.00 and gave the stock a "hold" rating in a research note on Tuesday, August 12th. Loop Capital lowered Installed Building Products from a "buy" rating to a "hold" rating and set a $255.00 price target on the stock. in a research note on Friday, August 8th. Zelman & Associates raised Installed Building Products from an "underperform" rating to a "neutral" rating in a research note on Friday, August 8th. Danske lowered Installed Building Products from a "buy" rating to a "hold" rating and set a $252.00 price target on the stock. in a research note on Tuesday, August 12th. Finally, DA Davidson lowered Installed Building Products from a "buy" rating to a "hold" rating and boosted their price target for the stock from $225.00 to $252.00 in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, Installed Building Products presently has an average rating of "Hold" and a consensus target price of $217.36.

Insiders Place Their Bets

In other news, insider William Jeffrey Hire sold 6,500 shares of the firm's stock in a transaction dated Thursday, August 14th. The stock was 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 directly owned 37,999 shares in the company, valued at $10,096,714.29. This trade represents a 14.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Todd R. Fry sold 500 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $257.27, for a total value of $128,635.00. Following the sale, the chief accounting officer owned 6,822 shares of the company's stock, valued at $1,755,095.94. This represents a 6.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,655 shares of company stock valued at $3,123,578 over the last ninety days. Insiders own 16.20% of the company's stock.

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.