Installed Building Products, Inc. (NYSE:IBP) Shares Purchased by US Bancorp DE

US Bancorp DE boosted its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 148.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,809 shares of the construction company’s stock after acquiring an additional 1,678 shares during the quarter. US Bancorp DE’s holdings in Installed Building Products were worth $692,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of IBP. Diversified Trust Co raised its stake in shares of Installed Building Products by 2.3% during the second quarter. Diversified Trust Co now owns 2,021 shares of the construction company’s stock worth $416,000 after purchasing an additional 46 shares during the last quarter. CWM LLC increased its stake in Installed Building Products by 32.1% in the 2nd quarter. CWM LLC now owns 255 shares of the construction company’s stock valued at $52,000 after buying an additional 62 shares during the period. Arkadios Wealth Advisors raised its position in Installed Building Products by 2.5% during the 2nd quarter. Arkadios Wealth Advisors now owns 2,545 shares of the construction company’s stock worth $523,000 after buying an additional 63 shares during the last quarter. Xponance Inc. lifted its stake in shares of Installed Building Products by 5.3% in the 2nd quarter. Xponance Inc. now owns 1,519 shares of the construction company’s stock worth $312,000 after acquiring an additional 76 shares during the period. Finally, GHP Investment Advisors Inc. boosted its holdings in shares of Installed Building Products by 185.7% in the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after acquiring an additional 78 shares in the last quarter. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Installed Building Products Stock Down 3.2 %

IBP opened at $210.26 on Friday. Installed Building Products, Inc. has a one year low of $121.83 and a one year high of $281.04. The company has a market cap of $5.94 billion, a price-to-earnings ratio of 23.47 and a beta of 1.95. The business’s fifty day moving average is $231.09 and its two-hundred day moving average is $225.23. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.59 and a current ratio of 3.08.

Installed Building Products (NYSE:IBP) last released its quarterly earnings data on Thursday, November 7th. The construction company reported $2.73 EPS for the quarter, missing the consensus estimate of $2.86 by ($0.13). Installed Building Products had a return on equity of 44.93% and a net margin of 8.89%. The business had revenue of $760.60 million during the quarter, compared to analysts’ expectations of $757.91 million. Analysts anticipate that Installed Building Products, Inc. will post 11 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be given a $0.35 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.40 annualized dividend and a dividend yield of 0.67%. Installed Building Products’s dividend payout ratio is presently 15.63%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on IBP shares. Jefferies Financial Group increased their price target on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. The Goldman Sachs Group increased their target price on Installed Building Products from $260.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Truist Financial lifted their price target on Installed Building Products from $235.00 to $240.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Evercore ISI upped their price objective on Installed Building Products from $271.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, StockNews.com downgraded Installed Building Products from a “buy” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Installed Building Products presently has a consensus rating of “Hold” and an average target price of $252.30.

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.