Installed Building Products, Inc. (NYSE:IBP) to Issue $0.37 Quarterly Dividend

Key Points

• Installed Building Products, Inc. declared a quarterly dividend of $0.37, with shareholders of record on September 15th set to receive payments on September 30th, representing a 0.6% dividend yield.
• The company reported earnings of $2.95 per share for the last quarter, exceeding estimates by $0.50, with a net margin of 8.39% and year-over-year revenue growth of 3.1%.
• Installed Building Products has recently seen increased institutional investment, with over 99% of the stock owned by hedge funds and institutional investors, reflecting strong market confidence.

Installed Building Products, Inc. (NYSE:IBP - Get Free Report) announced a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Investors of record on Monday, September 15th will be given a dividend of 0.37 per share by the construction company on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Monday, September 15th.

Installed Building Products has a dividend payout ratio of 14.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Installed Building Products to earn $11.02 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 13.4%.

Installed Building Products Trading Up 1.1%

IBP traded up $2.90 during trading on Tuesday, reaching $255.14. 54,072 shares of the stock traded hands, compared to its average volume of 432,181. The company has a quick ratio of 2.31, a current ratio of 2.85 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $6.97 billion, a PE ratio of 28.50 and a beta of 1.73. The stock's 50-day moving average is $191.44 and its 200 day moving average is $178.16. Installed Building Products has a 12 month low of $150.83 and a 12 month 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, beating analysts' consensus estimates of $2.45 by $0.50. The business had revenue of $760.30 million for the quarter, compared to analysts' expectations of $711.37 million. Installed Building Products had a net margin of 8.45% and a return on equity of 60.27%. The business's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.84 earnings per share. Equities analysts anticipate that Installed Building Products will post 10.66 earnings per share for the current year.

Institutional Investors Weigh In On Installed Building Products

Institutional investors and hedge funds have recently made changes to their positions in the business. Curio Wealth LLC increased its stake in shares of Installed Building Products by 16,800.0% during the 2nd quarter. Curio Wealth LLC now owns 169 shares of the construction company's stock worth $30,000 after purchasing an additional 168 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Installed Building Products by 142.1% during the 1st quarter. UMB Bank n.a. now owns 184 shares of the construction company's stock worth $32,000 after purchasing an additional 108 shares during the last quarter. SRH Advisors LLC increased its stake in shares of Installed Building Products by 70.8% during the 2nd quarter. SRH Advisors LLC now owns 205 shares of the construction company's stock worth $37,000 after purchasing an additional 85 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Installed Building Products by 74.6% during the 1st quarter. Fifth Third Bancorp now owns 227 shares of the construction company's stock worth $39,000 after purchasing an additional 97 shares during the last quarter. Finally, McIlrath & Eck LLC increased its stake in shares of Installed Building Products by 32.3% during the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock worth $44,000 after purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company's stock.

About Installed Building Products

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.