Vident Advisory LLC Invests $211,000 in Installed Building Products, Inc. $IBP

Key Points

• Vident Advisory LLC has acquired a new position in Installed Building Products, Inc. valued at approximately $211,000, purchasing 1,233 shares during the first quarter.
• Installed Building Products reported a quarterly revenue of $760.30 million and earnings per share of $2.95, exceeding consensus estimates, with a predicted annual EPS of 10.66.
• The company recently declared a quarterly dividend of $0.37 per share, with an annualized dividend yield of 0.6%, to be paid on September 30th.

Vident Advisory LLC bought a new position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,233 shares of the construction company's stock, valued at approximately $211,000.

Other large investors have also recently bought and sold shares of the company. Captrust Financial Advisors boosted its position in shares of Installed Building Products by 9.0% during the 4th quarter. Captrust Financial Advisors now owns 6,418 shares of the construction company's stock valued at $1,125,000 after purchasing an additional 532 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of Installed Building Products by 9.0% during the 4th quarter. Cetera Investment Advisers now owns 5,341 shares of the construction company's stock worth $936,000 after purchasing an additional 441 shares in the last quarter. Deutsche Bank AG increased its position in Installed Building Products by 8.6% in the 4th quarter. Deutsche Bank AG now owns 87,360 shares of the construction company's stock valued at $15,310,000 after buying an additional 6,925 shares in the last quarter. Gotham Asset Management LLC acquired a new stake in Installed Building Products in the fourth quarter valued at approximately $263,000. Finally, Jefferies Financial Group Inc. bought a new position in shares of Installed Building Products in the 4th quarter worth $823,000. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Brad A. Wheeler sold 3,186 shares of Installed Building Products stock in a transaction on Tuesday, August 26th. The shares were 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 $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 is available through this link. Also, Director Janet E. Jackson sold 1,469 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $266.00, for a total transaction of $390,754.00. Following the sale, the director owned 6,873 shares of the company's stock, valued at $1,828,218. This represents a 17.61% 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 in the last 90 days. 16.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Danske cut shares of Installed Building Products from a "buy" rating to a "hold" rating and set a $252.00 price target on the stock. in a research report on Tuesday, August 12th. Zacks Research raised Installed Building Products from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 14th. Zelman & Associates raised shares of Installed Building Products from an "underperform" rating to a "neutral" rating in a report on Friday, August 8th. Royal Bank Of Canada reiterated an "underperform" rating and set a $184.00 price target (up from $145.00) on shares of Installed Building Products in a report on Thursday, August 7th. Finally, DA Davidson lowered shares of Installed Building Products from a "buy" rating to a "hold" rating and raised their price target for the stock from $225.00 to $252.00 in a research note on Tuesday, August 12th. Two analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $217.36.

Installed Building Products Price Performance

Shares of IBP traded down $4.14 during midday trading on Friday, reaching $268.07. The stock had a trading volume of 359,995 shares, compared to its average volume of 439,854. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 29.82 and a beta of 1.76. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month high of $280.00. The company's 50-day moving average is $236.13 and its 200 day moving average is $192.13. The company has a current ratio of 2.85, a quick ratio of 2.31 and a debt-to-equity ratio of 1.27.

Installed Building Products (NYSE:IBP - Get Free Report) last released 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 net margin of 8.45% and a return on equity of 60.27%. The company had revenue of $760.30 million for the quarter, compared to analyst estimates of $711.37 million. During the same quarter last year, the firm earned $2.84 EPS. The firm's quarterly revenue was up 3.1% compared to the same quarter last year. On average, equities analysts predict that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.37 per share. The ex-dividend date is Monday, September 15th. This represents a $1.48 annualized dividend and a yield of 0.6%. Installed Building Products's dividend payout ratio is currently 16.46%.

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.