Wellington Management Group LLP Purchases 2,939 Shares of Installed Building Products, Inc. (NYSE:IBP)

Wellington Management Group LLP increased its holdings in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 2.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 143,579 shares of the construction company's stock after acquiring an additional 2,939 shares during the period. Wellington Management Group LLP owned approximately 0.52% of Installed Building Products worth $25,162,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Jefferies Financial Group Inc. purchased a new stake in shares of Installed Building Products in the fourth quarter valued at about $823,000. Ascent Group LLC raised its stake in shares of Installed Building Products by 18.6% in the 4th quarter. Ascent Group LLC now owns 23,357 shares of the construction company's stock valued at $4,093,000 after acquiring an additional 3,671 shares during the period. McIlrath & Eck LLC grew its position in Installed Building Products by 32.3% in the fourth 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. Mpwm Advisory Solutions LLC acquired a new position in shares of Installed Building Products in the fourth quarter worth about $90,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Installed Building Products by 5.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 103,901 shares of the construction company's stock worth $18,209,000 after purchasing an additional 5,194 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company's stock.

Installed Building Products Price Performance

Shares of IBP stock traded up $2.41 during midday trading on Wednesday, reaching $166.53. 300,636 shares of the company traded hands, compared to its average volume of 341,721. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. Installed Building Products, Inc. has a 1-year low of $150.83 and a 1-year high of $281.04. The firm has a market cap of $4.60 billion, a PE ratio of 18.50 and a beta of 1.85. The firm's 50 day simple moving average is $164.28 and its two-hundred day simple moving average is $179.89.

Installed Building Products (NYSE:IBP - Get Free Report) last issued its quarterly 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 the consensus estimate of $681.34 million. Installed Building Products had a return on equity of 43.56% and a net margin of 8.74%. The firm's quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.47 EPS. On average, equities research analysts expect that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.37 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.89%. Installed Building Products's payout ratio is presently 16.88%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on IBP shares. Deutsche Bank Aktiengesellschaft initiated coverage on Installed Building Products in a research note on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price target for the company. Benchmark cut their target price on shares of Installed Building Products from $210.00 to $185.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Loop Capital lowered their target price 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. DA Davidson reduced their price target on Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Finally, Wall Street Zen cut Installed Building Products from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $212.45.

Installed Building Products 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.