UMB Bank n.a. Boosts Stock Holdings in Installed Building Products, Inc. (NYSE:IBP)

UMB Bank n.a. raised its holdings in Installed Building Products, Inc. (NYSE:IBP) by 142.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 184 shares of the construction company’s stock after purchasing an additional 108 shares during the period. UMB Bank n.a.’s holdings in Installed Building Products were worth $32,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Radnor Capital Management LLC grew its stake in Installed Building Products by 15.7% during the first quarter. Radnor Capital Management LLC now owns 7,103 shares of the construction company’s stock valued at $1,218,000 after acquiring an additional 965 shares in the last quarter. E. Ohman J or Asset Management AB grew its stake in Installed Building Products by 28.8% in the 1st quarter. E. Ohman J or Asset Management AB now owns 14,970 shares of the construction company’s stock worth $2,567,000 after buying an additional 3,351 shares in the last quarter. Vest Financial LLC grew its stake in Installed Building Products by 16.0% in the 1st quarter. Vest Financial LLC now owns 15,985 shares of the construction company’s stock worth $2,741,000 after buying an additional 2,208 shares in the last quarter. Salvus Wealth Management LLC purchased a new position in Installed Building Products in the 1st quarter worth approximately $1,910,000. Finally, NBC Securities Inc. grew its stake in Installed Building Products by 165,300.0% in the 1st quarter. NBC Securities Inc. now owns 1,654 shares of the construction company’s stock worth $283,000 after buying an additional 1,653 shares in the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Stock Down 3.4%

Shares of NYSE IBP opened at $164.91 on Monday. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. Installed Building Products, Inc. has a 12 month low of $150.83 and a 12 month high of $281.04. The firm has a market capitalization of $4.55 billion, a PE ratio of 18.32 and a beta of 1.73. The firm has a fifty day simple moving average of $164.37 and a two-hundred day simple moving average of $176.97.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings results on Thursday, May 8th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.15). The business had revenue of $684.80 million during the quarter, compared to the consensus estimate of $681.34 million. Installed Building Products had a return on equity of 43.56% and a net margin of 8.74%. The firm’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.47 earnings per share. Equities analysts expect that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

Installed Building Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.48 annualized dividend and a dividend yield of 0.90%. Installed Building Products’s payout ratio is 16.88%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on IBP shares. Truist Financial cut their price objective on shares of Installed Building Products from $240.00 to $180.00 and set a “hold” rating for the company in a research note on Monday, March 3rd. DA Davidson dropped their price target on shares of Installed Building Products from $260.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Wall Street Zen cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Loop Capital dropped their price target on shares of Installed Building Products from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Monday, May 12th. Finally, Benchmark dropped their price target on shares of Installed Building Products from $210.00 to $185.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $212.45.

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.