1,233 Shares in Installed Building Products, Inc. $IBP Bought by Vident Advisory LLC

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 purchased a new stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,233 shares of the construction company's stock, valued at approximately $211,000.

Other hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. lifted its stake in Installed Building Products by 142.1% during the first quarter. UMB Bank n.a. now owns 184 shares of the construction company's stock worth $32,000 after purchasing an additional 108 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Installed Building Products by 74.6% in the 1st quarter. Fifth Third Bancorp now owns 227 shares of the construction company's stock valued at $39,000 after buying an additional 97 shares during the period. McIlrath & Eck LLC lifted its stake in Installed Building Products by 32.3% during the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock worth $44,000 after acquiring an additional 61 shares in the last quarter. Mpwm Advisory Solutions LLC purchased a new position in Installed Building Products during the 4th quarter valued at about $90,000. Finally, Covestor Ltd boosted its holdings in Installed Building Products by 92.1% during the 1st quarter. Covestor Ltd now owns 557 shares of the construction company's stock valued at $96,000 after acquiring an additional 267 shares during the period. Hedge funds and other institutional investors own 99.61% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on IBP shares. 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 research note on Thursday, August 7th. Zacks Research raised shares of Installed Building Products from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 14th. Zelman & Associates upgraded shares of Installed Building Products from an "underperform" rating to a "neutral" rating in a report on Friday, August 8th. DA Davidson downgraded shares of Installed Building Products from a "buy" rating to a "hold" rating and boosted their price target for the stock from $225.00 to $252.00 in a research note on Tuesday, August 12th. Finally, Jefferies Financial Group increased their price objective 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. Two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $217.36.

Insider Transactions at Installed Building Products

In related news, insider William Jeffrey Hire sold 6,500 shares of the company's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $265.71, for a total value of $1,727,115.00. Following the completion of the sale, the insider directly owned 37,999 shares of the company's stock, valued at $10,096,714.29. This represents a 14.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Janet E. Jackson sold 1,469 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $266.00, for a total value of $390,754.00. Following the transaction, the director owned 6,873 shares in the company, valued at $1,828,218. This represents a 17.61% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,655 shares of company stock worth $3,123,578. 16.20% of the stock is owned by company insiders.

Installed Building Products Stock Up 1.0%

Shares of NYSE IBP traded up $2.51 during midday trading on Tuesday, hitting $263.15. 748,284 shares of the company's stock were exchanged, compared to its average volume of 440,060. The firm's fifty day simple moving average is $238.93 and its 200-day simple moving average is $193.54. The company has a market cap of $7.19 billion, a PE ratio of 29.27 and a beta of 1.76. Installed Building Products, Inc. has a twelve month low of $150.83 and a twelve month high of $280.00. 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 quarterly 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. The company had revenue of $760.30 million for the quarter, compared to analyst estimates of $711.37 million. Installed Building Products had a net margin of 8.45% and a return on equity of 60.27%. The firm's revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.84 earnings per share. Research analysts predict that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, September 15th. 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.