Jefferies Financial Group Inc. Purchases New Stake in Installed Building Products, Inc. (NYSE:IBP)

Jefferies Financial Group Inc. bought a new stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 4,697 shares of the construction company's stock, valued at approximately $823,000.

Other institutional investors have also recently bought and sold shares of the company. Gotham Asset Management LLC bought a new position in shares of Installed Building Products in the fourth quarter worth about $263,000. FORA Capital LLC bought a new position in Installed Building Products in the 4th quarter worth approximately $586,000. Deutsche Bank AG lifted its holdings in shares of Installed Building Products by 8.6% during the fourth quarter. Deutsche Bank AG now owns 87,360 shares of the construction company's stock worth $15,310,000 after buying an additional 6,925 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Installed Building Products by 9.0% in the fourth quarter. Cetera Investment Advisers now owns 5,341 shares of the construction company's stock valued at $936,000 after acquiring an additional 441 shares during the period. Finally, Centiva Capital LP acquired a new stake in shares of Installed Building Products in the fourth quarter worth $2,245,000. Institutional investors own 99.61% of the company's stock.

Installed Building Products Price Performance

Shares of IBP traded down $4.84 during trading hours on Monday, hitting $161.53. The stock had a trading volume of 260,470 shares, compared to its average volume of 337,147. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of 17.95 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 fifty day moving average is $167.91 and its two-hundred day moving average is $184.41. Installed Building Products, Inc. has a 52 week low of $151.27 and a 52 week high of $281.04.

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). The firm had revenue of $684.80 million for the quarter, compared to analyst estimates of $681.34 million. Installed Building Products had a return on equity of 43.56% and a net margin of 8.74%. The business's quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.47 EPS. On average, analysts anticipate that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.92%. Installed Building Products's dividend payout ratio (DPR) is presently 16.88%.

Analyst Ratings Changes

IBP has been the subject of several research analyst reports. StockNews.com cut shares of Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Truist Financial decreased their target price 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. Deutsche Bank Aktiengesellschaft began coverage on Installed Building Products in a report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price target for the company. Benchmark decreased their price objective on Installed Building Products from $210.00 to $185.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Finally, DA Davidson reduced their target price on 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $212.45.

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.