Silvercrest Asset Management Group LLC Increases Holdings in Installed Building Products, Inc. (NYSE:IBP)

Silvercrest Asset Management Group LLC increased its stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 323,741 shares of the construction company's stock after purchasing an additional 37,511 shares during the quarter. Silvercrest Asset Management Group LLC owned approximately 1.15% of Installed Building Products worth $56,736,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of IBP. Curio Wealth LLC purchased a new position in shares of Installed Building Products in the fourth quarter valued at about $30,000. Smartleaf Asset Management LLC lifted its position in shares of Installed Building Products by 295.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock valued at $64,000 after acquiring an additional 272 shares in the last quarter. Headlands Technologies LLC lifted its position in shares of Installed Building Products by 819.0% in the fourth quarter. Headlands Technologies LLC now owns 726 shares of the construction company's stock valued at $127,000 after acquiring an additional 647 shares in the last quarter. Principal Securities Inc. lifted its position in shares of Installed Building Products by 20.0% in the fourth quarter. Principal Securities Inc. now owns 1,118 shares of the construction company's stock valued at $196,000 after acquiring an additional 186 shares in the last quarter. Finally, MGO One Seven LLC purchased a new position in shares of Installed Building Products in the fourth quarter valued at about $205,000. 99.61% of the stock is owned by institutional investors.

Installed Building Products Trading Down 2.9%

Shares of NYSE:IBP traded down $4.84 during trading hours on Monday, hitting $161.53. 260,470 shares of the company's stock traded hands, compared to its average volume of 337,147. Installed Building Products, Inc. has a 1 year low of $151.27 and a 1 year high of $281.04. The business has a fifty day moving average price of $167.71 and a 200-day moving average price of $184.03. The firm has a market capitalization of $4.46 billion, a P/E ratio of 17.95 and a beta of 1.85. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its earnings results on Thursday, May 8th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.15). Installed Building Products had a net margin of 8.74% and a return on equity of 43.56%. The business had revenue of $684.80 million for the quarter, compared to analysts' expectations of $681.34 million. During the same quarter last year, the firm earned $2.47 EPS. The firm's quarterly revenue was down 1.2% on a year-over-year basis. Equities analysts expect that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

Installed Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, June 13th. This represents a $1.48 annualized dividend and a dividend yield of 0.92%. Installed Building Products's dividend payout ratio (DPR) is presently 16.88%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. DA Davidson lowered their price objective on Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Loop Capital lowered their price objective on Installed Building Products from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Truist Financial reduced their target price 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. Deutsche Bank Aktiengesellschaft started coverage on Installed Building Products in a report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 target price on the stock. Finally, Benchmark reduced their target price on Installed Building Products from $210.00 to $185.00 and set a "buy" rating on the stock in a report on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $212.45.

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.