Installed Building Products, Inc. (NYSE:IBP) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its position in Installed Building Products, Inc. (NYSE:IBP) by 0.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 703,639 shares of the construction company’s stock after selling 1,263 shares during the period. Dimensional Fund Advisors LP owned 2.47% of Installed Building Products worth $144,720,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. grew its stake in Installed Building Products by 280.6% in the fourth quarter. Russell Investments Group Ltd. now owns 137 shares of the construction company’s stock worth $25,000 after purchasing an additional 101 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Installed Building Products in the first quarter valued at approximately $29,000. Quarry LP boosted its stake in Installed Building Products by 37.5% in the fourth quarter. Quarry LP now owns 209 shares of the construction company’s stock valued at $38,000 after acquiring an additional 57 shares during the period. C M Bidwell & Associates Ltd. boosted its stake in Installed Building Products by 1,393.8% in the fourth quarter. C M Bidwell & Associates Ltd. now owns 239 shares of the construction company’s stock valued at $44,000 after acquiring an additional 223 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in Installed Building Products by 58.7% in the fourth quarter. Quadrant Capital Group LLC now owns 265 shares of the construction company’s stock valued at $48,000 after acquiring an additional 98 shares during the period. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on IBP shares. Royal Bank of Canada lifted their target price on Installed Building Products from $201.00 to $203.00 and gave the company a “sector perform” rating in a research note on Friday, August 2nd. Truist Financial lifted their target price 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. The Goldman Sachs Group boosted their price objective on Installed Building Products from $260.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Jefferies Financial Group boosted their price objective on Installed Building Products from $239.00 to $250.00 and gave the stock a “hold” rating in a research report on Wednesday, July 17th. Finally, Stephens reiterated an “equal weight” rating and set a $240.00 price objective on shares of Installed Building Products in a research report on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Installed Building Products presently has an average rating of “Hold” and a consensus target price of $255.20.

Installed Building Products Price Performance

Shares of NYSE:IBP opened at $239.19 on Friday. Installed Building Products, Inc. has a 12 month low of $106.01 and a 12 month high of $281.04. The stock has a market cap of $6.80 billion, a price-to-earnings ratio of 27.06 and a beta of 1.93. The stock’s 50 day moving average price is $227.25 and its 200 day moving average price is $227.21. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.08 and a quick ratio of 2.59.

Installed Building Products (NYSE:IBP) last announced its earnings results on Thursday, August 1st. The construction company reported $2.90 EPS for the quarter, topping the consensus estimate of $2.77 by $0.13. Installed Building Products had a return on equity of 44.93% and a net margin of 8.89%. The firm had revenue of $737.60 million for the quarter, compared to analysts’ expectations of $743.86 million. Equities research analysts anticipate that Installed Building Products, Inc. will post 11.06 earnings per share for the current fiscal year.

Installed Building Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Sunday, September 15th will be issued a $0.35 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.40 annualized dividend and a dividend yield of 0.59%. Installed Building Products’s dividend payout ratio is currently 15.84%.

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.