Vest Financial LLC Has $2.74 Million Position in Installed Building Products, Inc. (NYSE:IBP)

Vest Financial LLC grew its stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 16.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,985 shares of the construction company's stock after acquiring an additional 2,208 shares during the period. Vest Financial LLC owned 0.06% of Installed Building Products worth $2,741,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Curio Wealth LLC purchased a new position in shares of Installed Building Products during the 4th quarter valued at $30,000. McIlrath & Eck LLC grew its holdings in shares of Installed Building Products by 32.3% during the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock valued at $44,000 after acquiring an additional 61 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Installed Building Products by 295.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock valued at $64,000 after acquiring an additional 272 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new position in shares of Installed Building Products during the 4th quarter valued at $90,000. Finally, Headlands Technologies LLC grew its holdings in shares of Installed Building Products by 819.0% during the 4th quarter. Headlands Technologies LLC now owns 726 shares of the construction company's stock valued at $127,000 after acquiring an additional 647 shares in the last quarter. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on IBP. Loop Capital lowered 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 report on Monday, May 12th. Benchmark decreased their price objective on shares of Installed Building Products from $210.00 to $185.00 and set a "buy" rating for the company in a report on Friday, May 9th. Wall Street Zen cut shares of Installed Building Products from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Truist Financial decreased their price objective on shares of Installed Building Products from $240.00 to $180.00 and set a "hold" rating for the company in a report on Monday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Installed Building Products in a report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $212.45.

Installed Building Products Stock Performance

Installed Building Products stock traded down $4.04 on Friday, reaching $165.71. 493,784 shares of the stock were exchanged, compared to its average volume of 342,463. The stock has a market cap of $4.58 billion, a PE ratio of 18.41 and a beta of 1.73. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. Installed Building Products, Inc. has a twelve month low of $150.83 and a twelve month high of $281.04. The firm has a fifty day moving average price of $164.10 and a two-hundred day moving average price of $178.93.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The construction company reported $2.08 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.15). The company had revenue of $684.80 million for the quarter, compared to analyst estimates of $681.34 million. Installed Building Products had a net margin of 8.74% and a return on equity of 43.56%. The firm's quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.47 EPS. Sell-side analysts anticipate that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date is Friday, June 13th. Installed Building Products's dividend payout ratio is currently 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.