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Van Berkom & Associates Inc. Grows Stake in Installed Building Products, Inc. (NYSE:IBP)

Installed Building Products logo with Construction background

Key Points

  • Van Berkom & Associates Inc. increased its stake in Installed Building Products, Inc. by 15%, now holding 429,458 shares valued at approximately $73.64 million.
  • Installed Building Products reported earnings of $2.08 per share for the last quarter, which missed the consensus estimate by $0.15, while revenues were slightly above expectations at $684.80 million.
  • The company declared a quarterly dividend of $0.37 per share, resulting in an annualized dividend yield of 0.72% and a payout ratio of 16.88%.
  • Five stocks we like better than Installed Building Products.

Van Berkom & Associates Inc. grew its stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 15.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 429,458 shares of the construction company's stock after acquiring an additional 56,000 shares during the period. Installed Building Products comprises approximately 2.4% of Van Berkom & Associates Inc.'s holdings, making the stock its 19th biggest position. Van Berkom & Associates Inc. owned 1.56% of Installed Building Products worth $73,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Installed Building Products by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 2,636,803 shares of the construction company's stock valued at $462,100,000 after buying an additional 16,597 shares during the period. FIL Ltd boosted its holdings in shares of Installed Building Products by 14.0% in the fourth quarter. FIL Ltd now owns 1,039,038 shares of the construction company's stock worth $182,091,000 after buying an additional 127,215 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Installed Building Products by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 633,556 shares of the construction company's stock worth $111,053,000 after purchasing an additional 10,553 shares during the period. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Installed Building Products by 28.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 530,181 shares of the construction company's stock worth $90,905,000 after purchasing an additional 117,810 shares during the period. Finally, Giverny Capital Inc. boosted its holdings in shares of Installed Building Products by 3.6% during the fourth quarter. Giverny Capital Inc. now owns 504,735 shares of the construction company's stock worth $88,455,000 after purchasing an additional 17,620 shares during the period. 99.61% of the stock is owned by institutional investors and hedge funds.

Installed Building Products Stock Up 0.7%

Shares of NYSE:IBP traded up $1.42 during trading on Wednesday, reaching $207.91. 158,392 shares of the stock were exchanged, compared to its average volume of 406,392. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 23.71 and a beta of 1.74. The stock has a fifty day moving average of $179.47 and a two-hundred day moving average of $176.56. Installed Building Products, Inc. has a 1-year low of $150.83 and a 1-year high of $281.04. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.89 and a quick ratio of 2.31.

Installed Building Products (NYSE:IBP - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.15). The business had revenue of $684.80 million for the quarter, compared to the consensus estimate of $681.34 million. Installed Building Products had a net margin of 8.39% and a return on equity of 60.73%. The business's revenue was down 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.47 EPS. Research analysts anticipate that Installed Building Products, Inc. will post 10.66 earnings per share for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, June 13th. Installed Building Products's dividend payout ratio is currently 16.88%.

Analysts Set New Price Targets

Several analysts recently commented on IBP shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Installed Building Products in a report on Tuesday, April 1st. They set a "hold" rating and a $183.00 price target for the company. Loop Capital dropped their price target on shares of Installed Building Products from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Finally, Benchmark dropped 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $212.45.

Check Out Our Latest Stock Report on IBP

Installed Building Products Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Installed Building Products (NYSE:IBP)

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