Schonfeld Strategic Advisors LLC Has $1.58 Million Stake in Installed Building Products, Inc. (NYSE:IBP)

Schonfeld Strategic Advisors LLC decreased its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 67.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,990 shares of the construction company's stock after selling 18,904 shares during the period. Schonfeld Strategic Advisors LLC's holdings in Installed Building Products were worth $1,575,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Installed Building Products by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 2,636,803 shares of the construction company's stock valued at $462,100,000 after acquiring an additional 16,597 shares during the period. FIL Ltd grew its holdings in shares of Installed Building Products by 14.0% during the 4th quarter. FIL Ltd now owns 1,039,038 shares of the construction company's stock worth $182,091,000 after purchasing an additional 127,215 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Installed Building Products by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 633,556 shares of the construction company's stock valued at $111,053,000 after purchasing an additional 10,553 shares during the period. Giverny Capital Inc. raised its stake in shares of Installed Building Products by 3.6% in the fourth quarter. Giverny Capital Inc. now owns 504,735 shares of the construction company's stock valued at $88,455,000 after purchasing an additional 17,620 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in Installed Building Products by 69.8% in the fourth quarter. First Trust Advisors LP now owns 485,727 shares of the construction company's stock worth $85,124,000 after purchasing an additional 199,657 shares during the period. 99.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. DA Davidson dropped their price objective on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a research note on Friday, February 28th. The Goldman Sachs Group dropped their price target on shares of Installed Building Products from $262.00 to $228.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Truist Financial decreased their price objective on Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a report on Monday, March 3rd. Loop Capital dropped their target price on Installed Building Products from $230.00 to $215.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Installed Building Products in a research note on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Installed Building Products currently has an average rating of "Hold" and a consensus price target of $213.82.

Installed Building Products Trading Up 2.1%

Shares of NYSE IBP traded up $3.40 during midday trading on Monday, reaching $164.36. 98,701 shares of the stock were exchanged, compared to its average volume of 335,359. The business has a 50-day simple moving average of $168.82 and a two-hundred day simple moving average of $186.41. 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 has a market capitalization of $4.54 billion, a price-to-earnings ratio of 18.27 and a beta of 1.85. Installed Building Products, Inc. has a 12 month low of $151.27 and a 12 month high of $281.04.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its earnings results on Thursday, May 8th. The construction company reported $2.08 EPS for the quarter, missing the consensus estimate of $2.23 by ($0.15). The company 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 quarter last year, the business posted $2.47 earnings per share. As a group, equities research analysts expect that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Friday, June 13th. Installed Building Products's dividend payout ratio is presently 16.88%.

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.