Yousif Capital Management LLC Reduces Holdings in Installed Building Products, Inc. (NYSE:IBP)

Yousif Capital Management LLC trimmed its stake in Installed Building Products, Inc. (NYSE:IBP) by 1.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,656 shares of the construction company’s stock after selling 162 shares during the period. Yousif Capital Management LLC’s holdings in Installed Building Products were worth $1,484,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Curio Wealth LLC purchased a new position in shares of Installed Building Products in the 4th quarter valued at $30,000. UMB Bank n.a. grew its position in shares of Installed Building Products by 142.1% in the 1st quarter. UMB Bank n.a. now owns 184 shares of the construction company’s stock valued at $32,000 after buying an additional 108 shares during the last quarter. McIlrath & Eck LLC grew its position in Installed Building Products by 32.3% during the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company’s stock worth $44,000 after purchasing an additional 61 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in Installed Building Products by 295.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company’s stock valued at $64,000 after purchasing an additional 272 shares during the period. Finally, Mpwm Advisory Solutions LLC acquired a new position in Installed Building Products in the fourth quarter valued at $90,000. 99.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on IBP shares. Truist Financial dropped their price objective on shares of Installed Building Products from $240.00 to $180.00 and set a “hold” rating on the stock in a research note on Monday, March 3rd. Loop Capital lowered their target price on shares of Installed Building Products from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Monday, May 12th. Deutsche Bank Aktiengesellschaft started coverage on shares of Installed Building Products in a report on Tuesday, April 1st. They set a “hold” rating and a $183.00 price objective on the stock. Benchmark cut their target price 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. Finally, DA Davidson cut their target price 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. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $212.45.

Installed Building Products Stock Performance

Shares of IBP stock opened at $167.09 on Tuesday. Installed Building Products, Inc. has a one year low of $150.83 and a one year high of $281.04. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The company has a 50 day moving average price of $164.56 and a 200 day moving average price of $176.55. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 18.57 and a beta of 1.73.

Installed Building Products (NYSE:IBP) last released its quarterly earnings data 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). Installed Building Products had a return on equity of 43.56% and a net margin of 8.74%. The business had revenue of $684.80 million for the quarter, compared to analysts’ expectations of $681.34 million. During the same quarter in the prior year, the firm earned $2.47 earnings per share. Installed Building Products’s quarterly revenue was down 1.2% compared to the same quarter last year. Sell-side analysts anticipate that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, June 13th. This represents a $1.48 annualized dividend and a yield of 0.89%. Installed Building Products’s dividend payout ratio is currently 16.88%.

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.