Installed Building Products, Inc. (NYSE:IBP) Stock Position Trimmed by SG Americas Securities LLC

SG Americas Securities LLC lowered its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 90.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,766 shares of the construction company's stock after selling 16,221 shares during the period. SG Americas Securities LLC's holdings in Installed Building Products were worth $323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in IBP. BlackRock Inc. increased its holdings in shares of Installed Building Products by 10.0% during the 1st quarter. BlackRock Inc. now owns 4,454,884 shares of the construction company's stock worth $507,990,000 after buying an additional 405,604 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Installed Building Products by 13.2% during the 1st quarter. Vanguard Group Inc. now owns 2,836,175 shares of the construction company's stock worth $239,629,000 after purchasing an additional 329,661 shares during the period. Stephens Investment Management Group LLC purchased a new position in shares of Installed Building Products during the 2nd quarter worth approximately $29,964,000. Norges Bank purchased a new position in shares of Installed Building Products during the 4th quarter worth approximately $16,658,000. Finally, Fuller & Thaler Asset Management Inc. boosted its position in shares of Installed Building Products by 37.6% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 655,219 shares of the construction company's stock worth $81,830,000 after purchasing an additional 179,004 shares during the period. Institutional investors and hedge funds own 99.61% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on IBP shares. Royal Bank of Canada raised their price target on shares of Installed Building Products from $188.00 to $216.00 and gave the company a "sector perform" rating in a research report on Friday, February 23rd. DA Davidson started coverage on shares of Installed Building Products in a research report on Tuesday, March 5th. They issued a "buy" rating and a $275.00 price target for the company. JPMorgan Chase & Co. cut shares of Installed Building Products from an "overweight" rating to a "neutral" rating and raised their price target for the company from $199.00 to $242.00 in a research report on Wednesday, February 28th. The Goldman Sachs Group reissued a "buy" rating on shares of Installed Building Products in a research report on Thursday, February 1st. Finally, Evercore ISI raised their price target on shares of Installed Building Products from $226.00 to $272.00 and gave the company an "outperform" rating in a research report on Tuesday, April 2nd. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $208.40.

Insider Buying and Selling at Installed Building Products

In other news, COO Brad A. Wheeler sold 1,119 shares of Installed Building Products stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $244.22, for a total value of $273,282.18. Following the sale, the chief operating officer now owns 6,679 shares of the company's stock, valued at $1,631,145.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, COO Brad A. Wheeler sold 1,119 shares of Installed Building Products stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $244.22, for a total value of $273,282.18. Following the sale, the chief operating officer now owns 6,679 shares of the company's stock, valued at $1,631,145.38. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Michael Thomas Miller sold 5,000 shares of Installed Building Products stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $243.34, for a total transaction of $1,216,700.00. Following the completion of the sale, the chief financial officer now directly owns 38,320 shares in the company, valued at approximately $9,324,788.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,619 shares of company stock worth $1,606,732. 17.90% of the stock is owned by company insiders.

Installed Building Products Stock Down 0.6 %

NYSE:IBP traded down $1.41 during midday trading on Tuesday, hitting $254.43. 298,816 shares of the company were exchanged, compared to its average volume of 250,125. The company has a fifty day simple moving average of $232.34 and a 200 day simple moving average of $179.48. Installed Building Products, Inc. has a fifty-two week low of $103.50 and a fifty-two week high of $263.76. The company has a current ratio of 3.09, a quick ratio of 2.62 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $7.22 billion, a PE ratio of 29.55, a price-to-earnings-growth ratio of 1.58 and a beta of 1.89.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The construction company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.42 by $0.03. Installed Building Products had a net margin of 8.77% and a return on equity of 47.18%. The firm had revenue of $720.70 million for the quarter, compared to analyst estimates of $688.59 million. During the same period last year, the business earned $2.34 EPS. Installed Building Products's revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, equities analysts anticipate that Installed Building Products, Inc. will post 11.25 earnings per share for the current fiscal year.

Installed Building Products Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, March 31st. Shareholders of record on Friday, March 15th were paid a $1.60 dividend. The ex-dividend date was Thursday, March 14th. This is a positive change from Installed Building Products's previous quarterly dividend of $0.33. This represents a $6.40 dividend on an annualized basis and a yield of 2.52%. Installed Building Products's payout ratio is currently 16.26%.

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.