Installed Building Products, Inc. (NYSE:IBP) Shares Acquired by Voloridge Investment Management LLC

Voloridge Investment Management LLC raised its position in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 471.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,177 shares of the construction company's stock after acquiring an additional 66,156 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.28% of Installed Building Products worth $14,051,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of IBP. Arizona State Retirement System grew its position in shares of Installed Building Products by 0.8% during the fourth quarter. Arizona State Retirement System now owns 6,966 shares of the construction company's stock worth $1,221,000 after buying an additional 56 shares in the last quarter. Dana Investment Advisors Inc. grew its position in shares of Installed Building Products by 0.9% during the fourth quarter. Dana Investment Advisors Inc. now owns 7,778 shares of the construction company's stock worth $1,363,000 after buying an additional 71 shares in the last quarter. State of Wyoming grew its position in shares of Installed Building Products by 10.1% during the fourth quarter. State of Wyoming now owns 840 shares of the construction company's stock worth $147,000 after buying an additional 77 shares in the last quarter. Summit Investment Advisors Inc. grew its position in shares of Installed Building Products by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,507 shares of the construction company's stock worth $439,000 after buying an additional 79 shares in the last quarter. Finally, Blue Trust Inc. grew its position in shares of Installed Building Products by 7.9% during the fourth quarter. Blue Trust Inc. now owns 1,257 shares of the construction company's stock worth $220,000 after buying an additional 92 shares in the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on IBP shares. DA Davidson lowered their price objective on Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Benchmark lowered their price objective on Installed Building Products from $210.00 to $185.00 and set a "buy" rating for the company in a research report on Friday, May 9th. Truist Financial decreased their target price on Installed Building Products from $240.00 to $180.00 and set a "hold" rating for the company in a research note on Monday, March 3rd. Wall Street Zen cut Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Loop Capital decreased their target price on Installed Building Products from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $212.45.

Installed Building Products Stock Performance

NYSE IBP traded up $1.59 on Thursday, reaching $156.38. The stock had a trading volume of 61,335 shares, compared to its average volume of 340,725. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month high of $281.04. The business's 50-day moving average price is $165.66 and its 200 day moving average price is $181.44. The stock has a market cap of $4.32 billion, a P/E ratio of 17.37 and a beta of 1.85.

Installed Building Products (NYSE:IBP - Get Free Report) last released its 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 company had revenue of $684.80 million during 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 company's revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $2.47 EPS. As a group, equities analysts expect that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

Installed Building Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Friday, June 13th. Installed Building Products's 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.