Dana Investment Advisors Inc. Takes $1.50 Million Position in Installed Building Products, Inc. (NYSE:IBP)

Dana Investment Advisors Inc. purchased a new position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,212 shares of the construction company's stock, valued at approximately $1,501,000.

Other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. boosted its position in shares of Installed Building Products by 280.6% during the 4th quarter. Russell Investments Group Ltd. now owns 137 shares of the construction company's stock worth $25,000 after acquiring an additional 101 shares in the last quarter. Hexagon Capital Partners LLC boosted its position in Installed Building Products by 253.7% in the fourth quarter. Hexagon Capital Partners LLC now owns 145 shares of the construction company's stock valued at $27,000 after buying an additional 104 shares in the last quarter. Annapolis Financial Services LLC boosted its position in Installed Building Products by 45.7% in the fourth quarter. Annapolis Financial Services LLC now owns 169 shares of the construction company's stock valued at $31,000 after buying an additional 53 shares in the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in Installed Building Products in the fourth quarter valued at approximately $32,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in Installed Building Products in the fourth quarter valued at approximately $33,000. Institutional investors and hedge funds own 99.61% of the company's stock.

Installed Building Products Trading Down 1.3 %

NYSE IBP traded down $3.13 during mid-day trading on Friday, reaching $233.65. 259,322 shares of the stock were exchanged, compared to its average volume of 297,908. Installed Building Products, Inc. has a one year low of $103.50 and a one year high of $263.76. The stock has a 50 day simple moving average of $242.62 and a 200-day simple moving average of $198.53. The stock has a market cap of $6.65 billion, a P/E ratio of 26.43 and a beta of 1.91. The company has a debt-to-equity ratio of 1.25, a current ratio of 3.18 and a quick ratio of 2.62.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its earnings results on Thursday, February 22nd. The construction company reported $2.45 earnings per share for the quarter, topping analysts' consensus estimates of $2.42 by $0.03. Installed Building Products had a net margin of 8.90% and a return on equity of 45.41%. The business had revenue of $720.70 million during the quarter, compared to the consensus estimate of $688.59 million. During the same quarter last year, the firm earned $2.34 earnings per share. Installed Building Products's quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts anticipate that Installed Building Products, Inc. will post 11.2 EPS for the current year.

Installed Building Products Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, June 30th. Shareholders of record on Saturday, June 15th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.60%. The ex-dividend date is Friday, June 14th. Installed Building Products's dividend payout ratio (DPR) is currently 15.84%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on IBP shares. Truist Financial raised their target price on shares of Installed Building Products from $200.00 to $235.00 and gave the company a "hold" 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 target price on the stock. JPMorgan Chase & Co. downgraded 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 note on Wednesday, February 28th. 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 note on Tuesday, April 2nd. Finally, Royal Bank of Canada raised their price target on shares of Installed Building Products from $216.00 to $220.00 and gave the company a "sector perform" rating in a research note on Friday. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $220.80.

Insider Buying and Selling at Installed Building Products

In other Installed Building Products news, CAO Todd R. Fry sold 500 shares of Installed Building Products stock in a transaction 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 sale, the chief accounting officer now directly owns 7,176 shares of the company's stock, valued at $1,675,596. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Installed Building Products news, CFO Michael Thomas Miller sold 5,000 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly owns 38,320 shares of the company's stock, valued at approximately $9,324,788.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Todd R. Fry sold 500 shares of the firm's 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 approximately $1,675,596. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 6,619 shares of company stock valued at $1,606,732. Corporate insiders own 16.50% of the company's stock.

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.