American Century Companies Inc. Buys 3,546 Shares of Installed Building Products, Inc. (NYSE:IBP)

American Century Companies Inc. boosted its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 10.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,262 shares of the construction company’s stock after purchasing an additional 3,546 shares during the period. American Century Companies Inc. owned about 0.13% of Installed Building Products worth $7,458,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new position in shares of Installed Building Products during the first quarter worth about $29,000. Quarry LP raised its holdings in shares of 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 purchasing an additional 57 shares during the last quarter. C M Bidwell & Associates Ltd. raised its holdings in shares of 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 purchasing an additional 223 shares during the last quarter. CWM LLC lifted its position in shares of Installed Building Products by 32.1% in the second quarter. CWM LLC now owns 255 shares of the construction company’s stock worth $52,000 after purchasing an additional 62 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new position in Installed Building Products during the first quarter worth $68,000. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Stock Up 1.8 %

Installed Building Products stock opened at $243.44 on Tuesday. Installed Building Products, Inc. has a twelve month low of $106.01 and a twelve month high of $281.04. The stock has a market cap of $6.92 billion, a P/E ratio of 27.54 and a beta of 1.93. The company’s 50-day moving average price is $227.43 and its two-hundred day moving average price is $227.17. The company has a quick ratio of 2.59, a current ratio of 3.08 and a debt-to-equity ratio of 1.24.

Installed Building Products (NYSE:IBP) last released its quarterly earnings results on Thursday, August 1st. The construction company reported $2.90 earnings per share 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 business had revenue of $737.60 million during the quarter, compared to analysts’ expectations of $743.86 million. As a group, analysts expect that Installed Building Products, Inc. will post 11.06 EPS for the current year.

Installed Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Sunday, September 15th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.40 annualized dividend and a dividend yield of 0.58%. Installed Building Products’s dividend payout ratio (DPR) is presently 15.84%.

Analysts Set New Price Targets

Several equities research analysts have commented on IBP shares. Evercore ISI boosted their price target on shares of Installed Building Products from $274.00 to $282.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. StockNews.com lowered Installed Building Products from a “buy” rating to a “hold” rating in a research report on Friday, September 6th. Stephens reissued an “equal weight” rating and issued a $240.00 target price on shares of Installed Building Products in a research note on Monday, August 5th. Royal Bank of Canada raised their target price on shares of 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. Finally, The Goldman Sachs Group upped their price target on shares of Installed Building Products from $260.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $255.20.

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.