Vaughan Nelson Investment Management L.P. Has $107.02 Million Holdings in Installed Building Products, Inc. $IBP

Key Points

• Vaughan Nelson Investment Management L.P. increased its holdings in Installed Building Products, Inc. by 11.9% during the second quarter, owning 593,496 shares valued at approximately $107 million.
• Installed Building Products reported better-than-expected earnings for the last quarter with an EPS of $2.95, surpassing estimates by $0.50, and a revenue of $760.30 million.
• The company declared a quarterly dividend of $0.37 per share, with a dividend yield of 0.6% and a payout ratio of 16.46%.

Vaughan Nelson Investment Management L.P. boosted its holdings in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 11.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 593,496 shares of the construction company's stock after buying an additional 63,315 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 2.15% of Installed Building Products worth $107,019,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Xponance Inc. boosted its stake in shares of Installed Building Products by 3.9% during the first quarter. Xponance Inc. now owns 1,802 shares of the construction company's stock valued at $309,000 after purchasing an additional 67 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Installed Building Products by 1.7% during the first quarter. Stratos Wealth Partners LTD. now owns 4,173 shares of the construction company's stock valued at $716,000 after purchasing an additional 68 shares in the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Installed Building Products by 7.1% during the first quarter. TD Private Client Wealth LLC now owns 1,134 shares of the construction company's stock valued at $194,000 after purchasing an additional 75 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Installed Building Products by 7.4% during the first quarter. Blue Trust Inc. now owns 1,212 shares of the construction company's stock valued at $208,000 after purchasing an additional 84 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Installed Building Products by 74.6% during the first quarter. Fifth Third Bancorp now owns 227 shares of the construction company's stock valued at $39,000 after purchasing an additional 97 shares in the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Installed Building Products news, COO Brad A. Wheeler sold 3,186 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $275.29, for a total value of $877,073.94. Following the transaction, the chief operating officer directly owned 8,736 shares of the company's stock, valued at approximately $2,404,933.44. The trade was a 26.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William Jeffrey Hire sold 6,500 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $265.71, for a total value of $1,727,115.00. Following the completion of the transaction, the insider directly owned 37,999 shares in the company, valued at approximately $10,096,714.29. This trade represents a 14.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,655 shares of company stock valued at $3,123,578 in the last ninety days. 16.20% of the stock is owned by corporate insiders.

Installed Building Products Stock Performance

Shares of IBP stock opened at $241.73 on Friday. The business's 50 day simple moving average is $253.23 and its 200 day simple moving average is $200.58. Installed Building Products, Inc. has a one year low of $150.83 and a one year high of $280.00. The stock has a market capitalization of $6.61 billion, a PE ratio of 26.89 and a beta of 1.83. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.85 and a quick ratio of 2.31.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its earnings results on Thursday, August 7th. The construction company reported $2.95 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $711.37 million. During the same period in the prior year, the business posted $2.84 earnings per share. The firm's revenue was up 3.1% on a year-over-year basis. As a group, research analysts forecast that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

Installed Building Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a $0.37 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.48 annualized dividend and a yield of 0.6%. Installed Building Products's payout ratio is 16.46%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on IBP shares. Jefferies Financial Group lifted their price target on Installed Building Products from $175.00 to $225.00 and gave the company a "hold" rating in a research note on Tuesday, August 12th. DA Davidson lowered Installed Building Products from a "buy" rating to a "hold" rating and lifted their price target for the company from $225.00 to $252.00 in a research note on Tuesday, August 12th. 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. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Installed Building Products in a research note on Saturday, September 27th. Finally, Loop Capital cut Installed Building Products from a "buy" rating to a "hold" rating and set a $255.00 target price on the stock. in a report on Friday, August 8th. Two research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, Installed Building Products currently has a consensus rating of "Hold" and an average target price of $217.36.

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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