FORA Capital LLC acquired a new stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,342 shares of the construction company's stock, valued at approximately $586,000.
Other hedge funds also recently made changes to their positions in the company. Curio Wealth LLC acquired a new position in shares of Installed Building Products during the 4th quarter worth approximately $30,000. Smartleaf Asset Management LLC increased its holdings in shares of Installed Building Products by 295.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock valued at $64,000 after purchasing an additional 272 shares during the last quarter. Headlands Technologies LLC increased its holdings in shares of Installed Building Products by 819.0% in the fourth quarter. Headlands Technologies LLC now owns 726 shares of the construction company's stock valued at $127,000 after purchasing an additional 647 shares during the last quarter. Principal Securities Inc. raised its position in shares of Installed Building Products by 20.0% in the fourth quarter. Principal Securities Inc. now owns 1,118 shares of the construction company's stock valued at $196,000 after purchasing an additional 186 shares during the period. Finally, MGO One Seven LLC acquired a new stake in shares of Installed Building Products during the 4th quarter worth about $205,000. 99.61% of the stock is owned by institutional investors and hedge funds.
Installed Building Products Price Performance
Shares of IBP traded up $4.34 during trading hours on Tuesday, hitting $171.47. 511,488 shares of the company were exchanged, compared to its average volume of 337,897. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. Installed Building Products, Inc. has a fifty-two week low of $151.27 and a fifty-two week high of $281.04. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 19.05 and a beta of 1.85. The firm's fifty day moving average is $168.72 and its 200 day moving average is $185.97.
Installed Building Products (NYSE:IBP - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The construction company reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.15). Installed Building Products had a return on equity of 43.56% and a net margin of 8.74%. The firm had revenue of $684.80 million for the quarter, compared to the consensus estimate of $681.34 million. During the same period in the prior year, the company earned $2.47 EPS. The company's revenue for the quarter was down 1.2% compared to the same quarter last year. On average, equities analysts anticipate that Installed Building Products, Inc. will post 10.66 earnings per share for the current fiscal year.
Installed Building Products Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 yield of 0.86%. Installed Building Products's dividend payout ratio (DPR) is 16.88%.
Wall Street Analyst Weigh In
Several research firms have weighed in on IBP. Loop Capital lowered their price target 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. Deutsche Bank Aktiengesellschaft began coverage on Installed Building Products in a research note on Tuesday, April 1st. They set a "hold" rating and a $183.00 target price on the stock. DA Davidson dropped their price target on Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a report on Friday, February 28th. The Goldman Sachs Group decreased their price objective on Installed Building Products from $262.00 to $228.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Finally, Truist Financial lowered their price objective on Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a research report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $212.45.
Read Our Latest Analysis on IBP
Installed Building Products Company Profile
(
Free Report)
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.
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