4,697 Shares in Installed Building Products, Inc. (NYSE:IBP) Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. purchased a new stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,697 shares of the construction company's stock, valued at approximately $823,000.

A number of other large investors have also made changes to their positions in the stock. Curio Wealth LLC acquired a new position in Installed Building Products in the fourth quarter valued at about $30,000. Smartleaf Asset Management LLC raised its holdings in shares of Installed Building Products by 295.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock valued at $64,000 after buying an additional 272 shares during the period. Headlands Technologies LLC raised its holdings in shares of Installed Building Products by 819.0% in the 4th quarter. Headlands Technologies LLC now owns 726 shares of the construction company's stock valued at $127,000 after buying an additional 647 shares during the period. Principal Securities Inc. lifted its stake in Installed Building Products by 20.0% during the 4th quarter. Principal Securities Inc. now owns 1,118 shares of the construction company's stock worth $196,000 after acquiring an additional 186 shares in the last quarter. Finally, MGO One Seven LLC purchased a new position in Installed Building Products during the 4th quarter valued at about $205,000. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on IBP shares. Loop Capital lowered their target price on shares of Installed Building Products from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, May 12th. DA Davidson reduced their price objective on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Benchmark dropped their target price on shares of Installed Building Products from $210.00 to $185.00 and set a "buy" rating for the company in a report on Friday, May 9th. Truist Financial dropped their price objective on shares of Installed Building Products from $240.00 to $180.00 and set a "hold" rating for the company in a research note on Monday, March 3rd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Installed Building Products in a research note on Tuesday, April 1st. They issued a "hold" rating and a $183.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $212.45.

Installed Building Products Stock Performance

Shares of NYSE IBP traded down $1.78 during trading hours on Wednesday, hitting $159.40. 52,970 shares of the stock were exchanged, compared to its average volume of 335,834. The firm has a market capitalization of $4.40 billion, a P/E ratio of 17.72 and a beta of 1.85. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. The company's 50 day moving average is $167.56 and its 200 day moving average is $183.87. Installed Building Products, Inc. has a one year low of $151.27 and a one year high of $281.04.

Installed Building Products (NYSE:IBP - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.15). The business had revenue of $684.80 million during the quarter, compared to the consensus estimate of $681.34 million. Installed Building Products had a net margin of 8.74% and a return on equity of 43.56%. The business's quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.47 earnings per share. On average, research analysts expect that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Friday, June 13th. Installed Building Products's dividend payout ratio (DPR) is currently 16.88%.

Installed Building Products Company 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.