Installed Building Products, Inc. (NYSE:IBP) Shares Acquired by Xponance Inc.

Xponance Inc. grew its position in Installed Building Products, Inc. (NYSE:IBP) by 3.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,802 shares of the construction company’s stock after purchasing an additional 67 shares during the quarter. Xponance Inc.’s holdings in Installed Building Products were worth $309,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of IBP. Swiss National Bank grew its position in shares of Installed Building Products by 0.6% in the 4th quarter. Swiss National Bank now owns 47,233 shares of the construction company’s stock valued at $8,278,000 after buying an additional 300 shares during the last quarter. Commonwealth Equity Services LLC grew its position in shares of Installed Building Products by 8.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 5,266 shares of the construction company’s stock valued at $923,000 after buying an additional 405 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its position in shares of Installed Building Products by 15.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,105 shares of the construction company’s stock valued at $369,000 after buying an additional 282 shares during the last quarter. Cibc World Markets Corp purchased a new position in shares of Installed Building Products in the 4th quarter valued at $393,000. Finally, Thrivent Financial for Lutherans grew its position in shares of Installed Building Products by 2.3% in the 4th quarter. Thrivent Financial for Lutherans now owns 95,602 shares of the construction company’s stock valued at $16,754,000 after buying an additional 2,163 shares during the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Loop Capital dropped their target price on shares of 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. Benchmark dropped their target price on shares of Installed Building Products from $210.00 to $185.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Installed Building Products in a research report on Tuesday, April 1st. They issued a “hold” rating and a $183.00 target price on the stock. Two investment 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. According to data from MarketBeat, Installed Building Products has a consensus rating of “Hold” and an average price target of $212.45.

Installed Building Products Trading Down 4.0%

Shares of Installed Building Products stock opened at $184.06 on Friday. Installed Building Products, Inc. has a 1 year low of $150.83 and a 1 year high of $281.04. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.31 and a current ratio of 2.89. The company has a market capitalization of $5.08 billion, a P/E ratio of 20.99 and a beta of 1.74. The company’s fifty day moving average is $174.26 and its two-hundred day moving average is $175.24.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $681.34 million. Installed Building Products had a return on equity of 60.73% and a net margin of 8.39%. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.47 earnings per share. Analysts forecast that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

Installed Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 13th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Friday, June 13th. Installed Building Products’s payout ratio is 16.88%.

Installed Building Products 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.