International Assets Investment Management LLC Makes New $838,000 Investment in Installed Building Products, Inc. (NYSE:IBP)

International Assets Investment Management LLC purchased a new stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,583 shares of the construction company's stock, valued at approximately $838,000.

Several other institutional investors have also modified their holdings of IBP. Asset Management One Co. Ltd. purchased a new position in Installed Building Products during the fourth quarter worth about $121,000. McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Installed Building Products in the 4th quarter worth $33,000. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Installed Building Products by 2.5% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 8,329 shares of the construction company's stock worth $1,523,000 after acquiring an additional 204 shares during the period. Raymond James & Associates lifted its stake in shares of Installed Building Products by 6.9% in the 4th quarter. Raymond James & Associates now owns 29,827 shares of the construction company's stock worth $5,453,000 after acquiring an additional 1,928 shares during the period. Finally, Ziegler Capital Management LLC acquired a new stake in shares of Installed Building Products in the 4th quarter worth $3,618,000. Institutional investors and hedge funds own 99.61% of the company's stock.

Insider Activity

In related news, CFO Michael Thomas Miller sold 5,000 shares of the company's stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $243.34, for a total value of $1,216,700.00. Following the completion of the sale, the chief financial officer now owns 38,320 shares of the company's stock, valued at $9,324,788.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, COO Brad A. Wheeler sold 1,119 shares of the company's 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 completion of the sale, the chief operating officer now owns 6,679 shares of the company's stock, valued at $1,631,145.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Thomas Miller sold 5,000 shares of the company's 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 of the company's stock, valued at $9,324,788.80. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,619 shares of company stock valued at $1,606,732. 17.30% of the stock is currently owned by company insiders.

Installed Building Products Stock Performance

Shares of IBP traded down $2.91 during midday trading on Wednesday, hitting $235.08. 250,893 shares of the stock traded hands, compared to its average volume of 259,490. Installed Building Products, Inc. has a 1-year low of $103.50 and a 1-year high of $263.76. The firm has a market capitalization of $6.68 billion, a PE ratio of 27.30 and a beta of 1.89. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.62 and a current ratio of 3.09. The business's 50 day moving average price is $238.82 and its two-hundred day moving average price is $187.55.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its quarterly earnings results on Thursday, February 22nd. The construction company reported $2.45 earnings per share (EPS) for the quarter, beating 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 company had revenue of $720.70 million during the quarter, compared to the consensus estimate of $688.59 million. During the same quarter in the previous year, the company posted $2.34 earnings per share. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts predict that Installed Building Products, Inc. will post 11.2 EPS for the current fiscal year.

Installed Building Products Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, March 31st. Stockholders of record on Friday, March 15th were issued a dividend of $1.60 per share. This is an increase from Installed Building Products's previous quarterly dividend of $0.33. The ex-dividend date was Thursday, March 14th. This represents a $6.40 annualized dividend and a dividend yield of 2.72%. Installed Building Products's payout ratio is 16.26%.

Analyst Ratings Changes

Several analysts have recently commented on IBP shares. JPMorgan Chase & Co. cut shares of Installed Building Products from an "overweight" rating to a "neutral" rating and raised their target price for the stock from $199.00 to $242.00 in a research note on Wednesday, February 28th. StockNews.com upgraded shares of Installed Building Products from a "hold" rating to a "buy" rating in a report on Friday, February 16th. Loop Capital raised shares of Installed Building Products from a "hold" rating to a "buy" rating in a research report on Monday, January 8th. DA Davidson assumed coverage on shares of Installed Building Products in a research report on Tuesday, March 5th. They issued a "buy" rating and a $275.00 target price on the stock. Finally, Royal Bank of Canada raised their target price on shares of Installed Building Products from $188.00 to $216.00 and gave the stock a "sector perform" rating in a research report on Friday, February 23rd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $208.40.

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.