UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stake in Installed Building Products, Inc. (NYSE:IBP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 5.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,901 shares of the construction company's stock after purchasing an additional 5,194 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.37% of Installed Building Products worth $18,209,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IBP. Curio Wealth LLC purchased a new stake in Installed Building Products during the 4th quarter valued at $30,000. Smartleaf Asset Management LLC grew its holdings 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 worth $64,000 after acquiring an additional 272 shares during the period. Headlands Technologies LLC increased its position in Installed Building Products by 819.0% during the fourth quarter. Headlands Technologies LLC now owns 726 shares of the construction company's stock valued at $127,000 after acquiring an additional 647 shares during the last quarter. State of Wyoming lifted 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 acquiring an additional 77 shares during the period. Finally, Principal Securities Inc. grew its stake in shares of Installed Building Products by 20.0% during the 4th 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. Institutional investors own 99.61% of the company's stock.

Analyst Ratings Changes

IBP has been the topic of several recent research reports. Loop Capital lowered their price objective 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. 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 report on Friday, May 9th. 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. Deutsche Bank Aktiengesellschaft assumed coverage on Installed Building Products in a research note on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price objective for the company. Finally, Wall Street Zen downgraded Installed Building Products from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Two equities 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 company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $212.45.

Installed Building Products Price Performance

IBP stock traded down $0.71 during midday trading on Friday, hitting $159.28. The company's stock had a trading volume of 404,124 shares, compared to its average volume of 342,101. 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, Inc. has a 12 month low of $150.83 and a 12 month high of $281.04. The company has a 50 day moving average of $164.89 and a two-hundred day moving average of $180.57. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 17.70 and a beta of 1.85.

Installed Building Products (NYSE:IBP - Get Free Report) last posted its earnings results on Thursday, May 8th. The construction company reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.15). The company had revenue of $684.80 million for the quarter, compared to analysts' expectations of $681.34 million. Installed Building Products had a net margin of 8.74% and a return on equity of 43.56%. The business's revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.47 earnings per share. On average, analysts expect that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend is Friday, June 13th. 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.