Silvercrest Asset Management Group LLC Has $56.74 Million Stake in Installed Building Products, Inc. (NYSE:IBP)

Silvercrest Asset Management Group LLC grew its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 13.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 323,741 shares of the construction company's stock after buying 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Curio Wealth LLC bought a new stake in Installed Building Products in the fourth quarter worth $30,000. Smartleaf Asset Management LLC grew its holdings in Installed Building Products by 295.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock valued at $64,000 after purchasing an additional 272 shares during the last quarter. Headlands Technologies LLC raised 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 purchasing an additional 647 shares during the period. Principal Securities Inc. lifted its stake 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 worth $196,000 after buying an additional 186 shares during the last quarter. Finally, MGO One Seven LLC acquired a new stake in shares of Installed Building Products in the fourth quarter worth $205,000. Institutional investors own 99.61% of the company's stock.

Installed Building Products Stock Performance

Shares of NYSE IBP traded down $6.11 during trading hours on Wednesday, reaching $155.07. The stock had a trading volume of 118,872 shares, compared to its average volume of 336,141. The company has a market cap of $4.28 billion, a price-to-earnings ratio of 17.31 and a beta of 1.85. Installed Building Products, Inc. has a twelve month low of $151.27 and a twelve month high of $281.04. The business's fifty day moving average is $167.56 and its two-hundred day moving average is $183.87. 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 quarterly 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). The business had revenue of $684.80 million during the quarter, compared to the consensus estimate of $681.34 million. Installed Building Products had a net margin of 8.74% and a return on equity of 43.56%. The company's quarterly revenue was down 1.2% compared to the same quarter last year. During the same period last year, the firm earned $2.47 EPS. As a group, research analysts expect that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 0.95%. The ex-dividend date is Friday, June 13th. Installed Building Products's dividend payout ratio (DPR) is presently 16.88%.

Analyst Ratings Changes

IBP has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Installed Building Products in a report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 target price on the stock. Truist Financial dropped their price objective on Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a research note on Monday, March 3rd. DA Davidson decreased their target price on 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. Loop Capital lowered their target price on Installed Building Products from $210.00 to $200.00 and set a "buy" rating on the stock in a report on Monday, May 12th. Finally, StockNews.com downgraded Installed Building Products from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $212.45.

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.