Installed Building Products, Inc. (NYSE:IBP) Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers raised its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 7.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,717 shares of the construction company’s stock after purchasing an additional 376 shares during the quarter. Cetera Investment Advisers’ holdings in Installed Building Products were worth $980,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. grew its stake in Installed Building Products by 142.1% during the 1st quarter. UMB Bank n.a. now owns 184 shares of the construction company’s stock valued at $32,000 after purchasing an additional 108 shares in the last quarter. Fifth Third Bancorp grew its stake in Installed Building Products by 74.6% during the 1st quarter. Fifth Third Bancorp now owns 227 shares of the construction company’s stock valued at $39,000 after purchasing an additional 97 shares in the last quarter. McIlrath & Eck LLC grew its stake in Installed Building Products by 32.3% during the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company’s stock valued at $44,000 after purchasing an additional 61 shares in the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in Installed Building Products during the 4th quarter valued at approximately $90,000. Finally, CWM LLC grew its stake in Installed Building Products by 178.7% during the 1st quarter. CWM LLC now owns 588 shares of the construction company’s stock valued at $101,000 after purchasing an additional 377 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Trading Up 4.3%

Shares of NYSE IBP opened at $263.09 on Wednesday. The company has a market cap of $7.19 billion, a price-to-earnings ratio of 29.26 and a beta of 1.73. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month high of $264.56. The company has a current ratio of 2.85, a quick ratio of 2.31 and a debt-to-equity ratio of 1.27. The stock’s 50 day simple moving average is $193.42 and its 200 day simple moving average is $178.75.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings results on Thursday, August 7th. The construction company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.50. The business had revenue of $760.30 million for the quarter, compared to the consensus estimate of $711.37 million. Installed Building Products had a return on equity of 60.27% and a net margin of 8.45%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $2.84 EPS. Equities research analysts expect that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.48 annualized dividend and a yield of 0.6%. Installed Building Products’s payout ratio is presently 16.46%.

Analyst Upgrades and Downgrades

IBP has been the subject of a number of recent analyst reports. Benchmark lowered their price objective on Installed Building Products from $210.00 to $185.00 and set a “buy” rating for the company in a research note on Friday, May 9th. DA Davidson reaffirmed a “neutral” rating and set a $252.00 target price (up previously from $225.00) on shares of Installed Building Products in a report on Tuesday. Royal Bank Of Canada reaffirmed an “underperform” rating and set a $184.00 target price (up previously from $145.00) on shares of Installed Building Products in a report on Thursday, August 7th. Jefferies Financial Group increased their target price on Installed Building Products from $175.00 to $225.00 and gave the stock a “hold” rating in a report on Tuesday. Finally, Zelman & Associates raised Installed Building Products from an “underperform” rating to a “neutral” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Installed Building Products currently has a consensus rating of “Hold” and a consensus target price of $217.36.

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.