Cwm LLC Has $101,000 Position in Installed Building Products, Inc. (NYSE:IBP)

Cwm LLC boosted its holdings in Installed Building Products, Inc. (NYSE:IBP) by 178.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 588 shares of the construction company’s stock after purchasing an additional 377 shares during the quarter. Cwm LLC’s holdings in Installed Building Products were worth $101,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of IBP. First Trust Advisors LP grew its position in Installed Building Products by 69.8% in the 4th quarter. First Trust Advisors LP now owns 485,727 shares of the construction company’s stock valued at $85,124,000 after purchasing an additional 199,657 shares during the period. GAMMA Investing LLC lifted its stake in Installed Building Products by 35,416.8% during the 1st quarter. GAMMA Investing LLC now owns 169,060 shares of the construction company’s stock valued at $289,870,000 after acquiring an additional 168,584 shares in the last quarter. Norges Bank bought a new position in Installed Building Products during the 4th quarter valued at $28,509,000. T. Rowe Price Investment Management Inc. lifted its stake in Installed Building Products by 87.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 338,081 shares of the construction company’s stock valued at $59,249,000 after acquiring an additional 158,173 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Installed Building Products during the 4th quarter valued at $23,776,000. Institutional investors and hedge funds own 99.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on IBP shares. Loop Capital dropped their price objective on Installed Building Products from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, May 12th. Benchmark dropped their price objective on Installed Building Products from $210.00 to $185.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Installed Building Products currently has an average rating of “Hold” and an average target price of $212.45.

Installed Building Products Trading Down 1.6%

Shares of Installed Building Products stock opened at $203.10 on Thursday. Installed Building Products, Inc. has a 52-week low of $150.83 and a 52-week high of $281.04. The stock’s 50-day simple moving average is $180.45 and its 200 day simple moving average is $176.75. The stock has a market capitalization of $5.61 billion, a P/E ratio of 23.16 and a beta of 1.74. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.31 and a current ratio of 2.89.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings data on Thursday, May 8th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.15). Installed Building Products had a net margin of 8.39% and a return on equity of 60.73%. The firm had revenue of $684.80 million during the quarter, compared to the consensus estimate of $681.34 million. During the same quarter in the prior year, the firm posted $2.47 earnings per share. The company’s revenue was down 1.2% on a year-over-year basis. As a group, research analysts anticipate that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Friday, June 13th. Installed Building Products’s dividend payout ratio is currently 16.88%.

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.