Installed Building Products, Inc. Announces Quarterly Dividend of $0.39 (NYSE:IBP)

Key Points

• Installed Building Products announced a quarterly dividend of $0.39 per share, payable June 30 to holders of record on June 15, amounting to an annualized $1.56 and a yield of about 0.7% (ex-dividend date June 15).
• The company missed quarterly expectations, reporting EPS of $1.79 versus a $1.96 consensus and revenue of $660.5M (vs. $668.9M), with revenue down 3.5% year-over-year.
• Analyst sentiment is muted—MarketBeat shows a consensus "Reduce" (1 Buy, 9 Hold, 2 Sell) with an average target of $259.70—while the stock recently traded near $217.50 and has a 12‑month range of $150.83–$349.00.

Installed Building Products, Inc. (NYSE:IBP - Get Free Report) announced a quarterly dividend on Thursday, May 7th. Stockholders of record on Monday, June 15th will be given a dividend of 0.39 per share by the construction company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, June 15th.

Installed Building Products has a dividend payout ratio of 15.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Installed Building Products to earn $11.47 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 13.6%.

Installed Building Products Price Performance

NYSE IBP traded down $81.97 during midday trading on Thursday, hitting $217.50. The company had a trading volume of 1,790,232 shares, compared to its average volume of 355,674. Installed Building Products has a twelve month low of $150.83 and a twelve month high of $349.00. The firm has a 50-day moving average price of $289.25 and a 200-day moving average price of $283.47. The company has a current ratio of 3.03, a quick ratio of 2.44 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $5.86 billion, a PE ratio of 22.35, a P/E/G ratio of 3.91 and a beta of 1.84.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The construction company reported $1.79 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.96 by ($0.17). The firm had revenue of $660.50 million for the quarter, compared to analyst estimates of $668.92 million. Installed Building Products had a return on equity of 43.71% and a net margin of 8.93%.The company's quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.08 earnings per share. As a group, analysts anticipate that Installed Building Products will post 10.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on IBP. Vertical Research raised Installed Building Products from a "sell" rating to a "hold" rating and set a $326.00 price objective on the stock in a research note on Friday, February 27th. Wall Street Zen lowered shares of Installed Building Products from a "buy" rating to a "hold" rating in a report on Sunday, March 29th. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $245.00 price objective on shares of Installed Building Products in a research note on Tuesday, January 13th. Wells Fargo & Company cut their target price on Installed Building Products from $340.00 to $285.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 8th. Finally, Royal Bank Of Canada lifted their price objective on Installed Building Products from $203.00 to $255.00 and gave the stock an "underperform" rating in a research note on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $259.70.

Installed Building Products Company Profile

Installed Building Products, Inc NYSE: IBP is a leading national installer of specialty building products serving the U.S. residential construction market. The company partners with homebuilders and contractors to deliver a comprehensive range of interior and exterior finishing services, including insulation, drywall finishing, protective coatings and basement waterproofing systems. By offering a single-source solution, Installed Building Products helps streamline project coordination and ensures consistent service quality across multiple trades.

Founded in 1977 and headquartered in Columbus, Ohio, Installed Building Products has expanded from a regional insulation installer into a nationwide platform operating in nearly every state.

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