14,550 Shares in Installed Building Products, Inc. (NYSE:IBP) Acquired by Zions Bancorporation National Association UT

Key Points

• Zions Bancorporation National Association UT acquired 14,550 shares of Installed Building Products, Inc. (NYSE:IBP), valued at approximately $2,495,000, increasing its ownership to 0.05% of the company.
• Installed Building Products reported an earnings per share (EPS) of $2.95 for the last quarter, exceeding the consensus estimate by $0.50 and showing a revenue increase of 3.1% year-over-year.
• The company announced a quarterly dividend of $0.37, which will be paid on September 30th, representing a 0.6% yield and a dividend payout ratio of 16.88%.

Zions Bancorporation National Association UT purchased a new stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,550 shares of the construction company's stock, valued at approximately $2,495,000. Zions Bancorporation National Association UT owned approximately 0.05% of Installed Building Products as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. raised its position 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 valued at $32,000 after purchasing an additional 108 shares in the last quarter. Fifth Third Bancorp raised its position in Installed Building Products by 74.6% during the first quarter. Fifth Third Bancorp now owns 227 shares of the construction company's stock valued at $39,000 after purchasing an additional 97 shares in the last quarter. McIlrath & Eck LLC grew its stake in shares of Installed Building Products by 32.3% during the fourth quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock valued at $44,000 after buying an additional 61 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new position in shares of Installed Building Products during the fourth quarter valued at about $90,000. Finally, CWM LLC grew its stake in shares of Installed Building Products by 178.7% during the first quarter. CWM LLC now owns 588 shares of the construction company's stock valued at $101,000 after buying an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company's stock.

Installed Building Products Stock Down 2.0%

Installed Building Products stock traded down $5.17 during trading hours on Monday, hitting $252.70. 577,158 shares of the stock traded hands, compared to its average volume of 616,343. The firm's 50-day moving average price is $191.44 and its two-hundred day moving average price is $178.16. The company has a current ratio of 2.85, a quick ratio of 2.31 and a debt-to-equity ratio of 1.27. The company has a market cap of $6.91 billion, a PE ratio of 28.11 and a beta of 1.73. Installed Building Products, Inc. has a one year low of $150.83 and a one year high of $263.20.

Installed Building Products (NYSE:IBP - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The construction company reported $2.95 EPS for the quarter, topping analysts' consensus estimates of $2.45 by $0.50. Installed Building Products had a return on equity of 60.27% and a net margin of 8.45%. The firm had revenue of $760.30 million for the quarter, compared to analysts' expectations of $711.37 million. During the same period in the previous year, the firm posted $2.84 EPS. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, research analysts forecast that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IBP. Royal Bank Of Canada reaffirmed an "underperform" rating and set a $184.00 price objective (up from $145.00) on shares of Installed Building Products in a research note on Thursday. Zelman & Associates raised Installed Building Products from an "underperform" rating to a "neutral" rating in a research note on Friday. Loop Capital downgraded Installed Building Products from a "buy" rating to a "hold" rating and set a $255.00 price target on the stock. in a report on Friday. Finally, Benchmark reduced their price target on Installed Building Products from $210.00 to $185.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Installed Building Products currently has a consensus rating of "Hold" and an average target price of $213.90.

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.