Installed Building Products, Inc. $IBP Stake Lowered by Signaturefd LLC

Signaturefd LLC decreased its stake in Installed Building Products, Inc. (NYSE:IBP) by 23.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 193 shares of the construction company’s stock after selling 60 shares during the period. Signaturefd LLC’s holdings in Installed Building Products were worth $35,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Eminence Capital LP bought a new stake in Installed Building Products in the first quarter valued at $109,114,000. Timucuan Asset Management Inc. FL acquired a new stake in shares of Installed Building Products in the 1st quarter worth about $85,786,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Installed Building Products by 190.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 302,292 shares of the construction company’s stock valued at $51,831,000 after purchasing an additional 198,391 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in Installed Building Products by 1,897.8% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 177,800 shares of the construction company’s stock valued at $32,061,000 after purchasing an additional 168,900 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its position in Installed Building Products by 28.6% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 530,181 shares of the construction company’s stock worth $90,905,000 after purchasing an additional 117,810 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on IBP shares. Zelman & Associates upgraded shares of Installed Building Products from an “underperform” rating to a “neutral” rating in a research note on Friday, August 8th. Wall Street Zen cut Installed Building Products from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research upgraded Installed Building Products from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 14th. Weiss Ratings reissued a “hold (c+)” rating on shares of Installed Building Products in a research note on Saturday, September 27th. Finally, Jefferies Financial Group lifted their price objective on shares of Installed Building Products from $175.00 to $225.00 and gave the company a “hold” rating in a research note on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $217.36.

Installed Building Products Stock Performance

Shares of IBP opened at $239.54 on Tuesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.85 and a quick ratio of 2.31. The firm’s 50 day moving average is $253.90 and its 200-day moving average is $201.42. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month high of $280.00. The stock has a market capitalization of $6.55 billion, a P/E ratio of 26.65 and a beta of 1.83.

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

Installed Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.48 annualized dividend and a dividend yield of 0.6%. Installed Building Products’s dividend payout ratio (DPR) is currently 16.46%.

Insider Buying and Selling

In related news, CAO Todd R. Fry sold 500 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $257.27, for a total value of $128,635.00. Following the completion of the transaction, the chief accounting officer owned 6,822 shares in the company, valued at $1,755,095.94. This trade represents a 6.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Brad A. Wheeler sold 3,186 shares of the business’s stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $275.29, for a total value of $877,073.94. Following the sale, the chief operating officer owned 8,736 shares in the company, valued at approximately $2,404,933.44. The trade was a 26.72% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,655 shares of company stock valued at $3,123,578. Insiders own 16.20% of the company’s stock.

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.