Natixis Advisors L.P. Increases Position in Installed Building Products, Inc. (NYSE:IBP)

Natixis Advisors L.P. grew its holdings in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 5.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 74,222 shares of the construction company's stock after purchasing an additional 4,035 shares during the period. Natixis Advisors L.P. owned approximately 0.26% of Installed Building Products worth $13,568,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Fuller & Thaler Asset Management Inc. boosted its stake 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 valued at $81,830,000 after buying an additional 179,004 shares during the period. Van Berkom & Associates Inc. grew its stake in Installed Building Products by 8.3% in the third quarter. Van Berkom & Associates Inc. now owns 498,670 shares of the construction company's stock valued at $62,279,000 after purchasing an additional 38,299 shares in the last quarter. Giverny Capital Inc. grew its stake in Installed Building Products by 1.1% in the third quarter. Giverny Capital Inc. now owns 432,898 shares of the construction company's stock valued at $54,065,000 after purchasing an additional 4,542 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Installed Building Products by 4.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 377,741 shares of the construction company's stock worth $69,058,000 after purchasing an additional 15,220 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Installed Building Products by 0.9% during the 3rd quarter. Northern Trust Corp now owns 277,868 shares of the construction company's stock worth $34,703,000 after purchasing an additional 2,466 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company's stock.

Installed Building Products Price Performance

NYSE IBP traded down $5.00 during trading on Wednesday, reaching $231.94. 577,014 shares of the company traded hands, compared to its average volume of 264,587. Installed Building Products, Inc. has a 1-year low of $103.50 and a 1-year high of $263.76. 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 stock's 50 day moving average price is $242.83 and its two-hundred day moving average price is $196.15. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 26.94 and a beta of 1.91.

Installed Building Products (NYSE:IBP - Get Free Report) last released its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.42 by $0.03. Installed Building Products had a return on equity of 47.18% and a net margin of 8.77%. The firm had revenue of $720.70 million during the quarter, compared to analyst estimates of $688.59 million. During the same period in the prior year, the company posted $2.34 earnings per share. The business's revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, analysts anticipate that Installed Building Products, Inc. will post 11.2 EPS for the current year.

Installed Building Products Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, March 31st. Shareholders of record on Friday, March 15th were given a $1.60 dividend. The ex-dividend date of this dividend 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 2.76%. Installed Building Products's payout ratio is 16.26%.

Insiders Place Their Bets

In other news, CAO Todd R. Fry sold 500 shares of Installed Building Products stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $233.50, for a total value of $116,750.00. Following the completion of the transaction, the chief accounting officer now owns 7,176 shares in the company, valued at $1,675,596. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Todd R. Fry sold 500 shares of the firm's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $233.50, for a total value of $116,750.00. Following the completion of the sale, the chief accounting officer now directly owns 7,176 shares in the company, valued at $1,675,596. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Michael Thomas Miller sold 5,000 shares of the company's stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $243.34, for a total transaction of $1,216,700.00. Following the transaction, the chief financial officer now 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 ninety days, insiders have sold 6,619 shares of company stock valued at $1,606,732. 16.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on IBP. DA Davidson initiated coverage on Installed Building Products in a report on Tuesday, March 5th. They issued a "buy" rating and a $275.00 price objective on the stock. JPMorgan Chase & Co. lowered shares of Installed Building Products from an "overweight" rating to a "neutral" rating and lifted their price target for the company from $199.00 to $242.00 in a research report on Wednesday, February 28th. Truist Financial upped their price objective on shares of Installed Building Products from $200.00 to $235.00 and gave the stock a "hold" rating in a report on Friday, February 23rd. The Goldman Sachs Group reiterated a "buy" rating on shares of Installed Building Products in a report on Thursday, February 1st. Finally, Evercore ISI upped their price target on shares of Installed Building Products from $226.00 to $272.00 and gave the company an "outperform" rating in a report on Tuesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Installed Building Products presently has an average rating of "Moderate Buy" and a consensus target price of $208.40.

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.