nVerses Capital LLC Raises Stock Holdings in Installed Building Products, Inc. (NYSE:IBP)

nVerses Capital LLC raised its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 1,200.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,300 shares of the construction company’s stock after buying an additional 1,200 shares during the period. nVerses Capital LLC’s holdings in Installed Building Products were worth $267,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in IBP. NBC Securities Inc. purchased a new stake in shares of Installed Building Products during the fourth quarter worth about $25,000. Russell Investments Group Ltd. grew its position in shares of Installed Building Products by 280.6% in the 4th quarter. Russell Investments Group Ltd. now owns 137 shares of the construction company’s stock worth $25,000 after buying an additional 101 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Installed Building Products during the first quarter valued at approximately $29,000. Benjamin F. Edwards & Company Inc. bought a new position in shares of Installed Building Products during the fourth quarter valued at approximately $32,000. Finally, Quarry LP lifted 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 worth $38,000 after acquiring an additional 57 shares during the period. Institutional investors own 99.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Evercore ISI boosted their price objective on shares of Installed Building Products from $274.00 to $282.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Benchmark increased their price target on shares of Installed Building Products from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th. StockNews.com upgraded Installed Building Products from a “hold” rating to a “buy” rating in a report on Thursday. Loop Capital raised their target price on Installed Building Products from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, JPMorgan Chase & Co. dropped their price target on Installed Building Products from $242.00 to $227.00 and set a “neutral” rating on the stock in a research report on Monday, May 13th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Installed Building Products presently has a consensus rating of “Moderate Buy” and a consensus target price of $255.20.

Installed Building Products Stock Performance

Shares of Installed Building Products stock opened at $222.31 on Monday. Installed Building Products, Inc. has a 1 year low of $106.01 and a 1 year high of $281.04. The firm’s 50-day moving average is $223.06 and its 200 day moving average is $227.88. The stock has a market cap of $6.28 billion, a price-to-earnings ratio of 25.15 and a beta of 1.93. 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 issued its earnings results on Thursday, August 1st. The construction company reported $2.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.13. The firm had revenue of $737.60 million for the quarter, compared to the consensus estimate of $743.86 million. Installed Building Products had a net margin of 8.89% and a return on equity of 44.93%. Sell-side analysts anticipate that Installed Building Products, Inc. will post 11.14 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The firm also recently announced 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. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Friday, September 13th. Installed Building Products’s payout ratio is 15.84%.

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.