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

Key Points

• Installed Building Products declared a quarterly dividend of $0.39 per share, payable September 30 to shareholders of record September 15. The dividend implies an annualized payout of $1.56 and a yield of approximately 0.6%.
• The dividend appears well covered, with a current payout ratio of 15.1%; analysts expect next year’s earnings to support an estimated payout ratio of 14.6%.
• The company exceeded quarterly expectations, reporting adjusted EPS of $2.91 versus the $2.55 consensus and revenue of $777.8 million versus $743.3 million, while revenue increased 2.3% year over year.

Installed Building Products, Inc. (NYSE:IBP - Get Free Report) announced a quarterly dividend on Thursday, August 6th. Investors of record on Tuesday, September 15th will be given a dividend of 0.39 per share by the construction company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 15th.

Installed Building Products has a payout ratio of 15.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Installed Building Products to earn $10.69 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 14.6%.

Installed Building Products Trading Up 0.1%

NYSE:IBP traded up $0.32 on Thursday, hitting $241.83. The stock had a trading volume of 588,745 shares, compared to its average volume of 406,728. The company has a quick ratio of 2.76, a current ratio of 3.35 and a debt-to-equity ratio of 1.56. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 25.78, a PEG ratio of 5.70 and a beta of 1.70. The company has a fifty day moving average price of $219.68 and a two-hundred day moving average price of $261.53. Installed Building Products has a 1-year low of $193.11 and a 1-year high of $349.00.

Installed Building Products (NYSE:IBP - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The construction company reported $2.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.55 by $0.36. Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The firm had revenue of $777.80 million during the quarter, compared to the consensus estimate of $743.33 million. During the same period last year, the company earned $2.95 EPS. The company's quarterly revenue was up 2.3% on a year-over-year basis. Equities research analysts expect that Installed Building Products will post 9.57 earnings per share for the current fiscal year.

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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