Nisa Investment Advisors LLC Sells 1,800 Shares of Installed Building Products, Inc. (NYSE:IBP)

Nisa Investment Advisors LLC lessened its stake in Installed Building Products, Inc. (NYSE:IBP) by 27.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 4,837 shares of the construction company’s stock after selling 1,800 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Installed Building Products were worth $884,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of IBP. Vaughan Nelson Investment Management L.P. raised its holdings in Installed Building Products by 4.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 377,741 shares of the construction company’s stock worth $69,058,000 after buying an additional 15,220 shares during the last quarter. Stratos Wealth Partners LTD. raised its holdings in Installed Building Products by 2.3% in the 4th quarter. Stratos Wealth Partners LTD. now owns 4,144 shares of the construction company’s stock worth $758,000 after acquiring an additional 93 shares during the last quarter. Arkadios Wealth Advisors lifted its position in Installed Building Products by 5.9% in the 4th quarter. Arkadios Wealth Advisors now owns 2,494 shares of the construction company’s stock valued at $456,000 after acquiring an additional 140 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in Installed Building Products during the 4th quarter valued at $838,000. Finally, Asset Management One Co. Ltd. purchased a new stake in Installed Building Products during the 4th quarter valued at $121,000. Institutional investors own 99.61% of the company’s stock.

Installed Building Products Stock Performance

Shares of NYSE IBP opened at $237.46 on Tuesday. The company has a current ratio of 3.09, a quick ratio of 2.62 and a debt-to-equity ratio of 1.26. Installed Building Products, Inc. has a 12-month low of $103.50 and a 12-month high of $263.76. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 27.58 and a beta of 1.89. The firm has a 50 day moving average of $235.72 and a 200 day moving average of $182.78.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.42 by $0.03. Installed Building Products had a net margin of 8.77% and a return on equity of 47.18%. The firm had revenue of $720.70 million during the quarter, compared to the consensus estimate of $688.59 million. During the same quarter in the previous year, the firm posted $2.34 EPS. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, research analysts anticipate that Installed Building Products, Inc. will post 11.2 earnings per share for the current year.

Installed Building Products Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, March 31st. Shareholders of record on Friday, March 15th were given a $1.60 dividend. This is a boost from Installed Building Products’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $6.40 dividend on an annualized basis and a yield of 2.70%. Installed Building Products’s dividend payout ratio is presently 16.26%.

Insider Transactions at Installed Building Products

In related news, COO Brad A. Wheeler sold 1,119 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $244.22, for a total transaction of $273,282.18. Following the completion of the transaction, the chief operating officer now directly owns 6,679 shares in the company, valued at approximately $1,631,145.38. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CFO Michael Thomas Miller sold 5,000 shares of the firm’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of $243.34, for a total transaction of $1,216,700.00. Following the sale, the chief financial officer now directly owns 38,320 shares in the company, valued at approximately $9,324,788.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Brad A. Wheeler sold 1,119 shares of the business’s stock in a transaction dated Friday, March 8th. The shares were sold at an average price of $244.22, for a total value of $273,282.18. Following the completion of the transaction, the chief operating officer now owns 6,679 shares in the company, valued at $1,631,145.38. The disclosure for this sale can be found here. Insiders have sold 6,619 shares of company stock valued at $1,606,732 over the last quarter. 17.90% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

IBP has been the subject of several recent analyst reports. DA Davidson started coverage on Installed Building Products in a research note on Tuesday, March 5th. They issued a “buy” rating and a $275.00 price target for the company. Loop Capital upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a research note on Monday, January 8th. StockNews.com upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a research note on Friday, February 16th. Royal Bank of Canada boosted their price objective on shares of Installed Building Products from $188.00 to $216.00 and gave the company a “sector perform” rating in a report on Friday, February 23rd. Finally, JPMorgan Chase & Co. cut shares of Installed Building Products from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $199.00 to $242.00 in a report on Wednesday, February 28th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.40.

About Installed Building Products

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.