Wealth Enhancement Advisory Services LLC Has $390,000 Stock Position in Installed Building Products, Inc. $IBP

Wealth Enhancement Advisory Services LLC lowered its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,004 shares of the construction company’s stock after selling 75 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Installed Building Products were worth $390,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. UMB Bank n.a. raised its holdings in Installed Building Products by 142.1% during the first 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 in the last quarter. Fifth Third Bancorp increased its holdings in shares of 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 acquiring an additional 97 shares during the last quarter. Advisors Asset Management Inc. raised its stake in shares of Installed Building Products by 36.7% in the 1st quarter. Advisors Asset Management Inc. now owns 555 shares of the construction company’s stock valued at $95,000 after acquiring an additional 149 shares in the last quarter. Covestor Ltd lifted its holdings in Installed Building Products by 92.1% in the 1st quarter. Covestor Ltd now owns 557 shares of the construction company’s stock worth $96,000 after purchasing an additional 267 shares during the last quarter. Finally, CWM LLC lifted its holdings in Installed Building Products by 178.7% in the 1st quarter. CWM LLC now owns 588 shares of the construction company’s stock worth $101,000 after purchasing an additional 377 shares during the last quarter. 99.61% of the stock is currently owned by institutional investors.

Installed Building Products Stock Performance

Shares of NYSE: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 business’s fifty day moving average price is $253.90 and its two-hundred day moving average price is $201.42. Installed Building Products, Inc. has a fifty-two week low of $150.83 and a fifty-two week high of $280.00. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 26.65 and a beta of 1.83.

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

Installed Building Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were given a $0.37 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.48 dividend on an annualized basis and a yield of 0.6%. Installed Building Products’s payout ratio is 16.46%.

Analysts Set New Price Targets

Several equities analysts have commented on IBP shares. Zacks Research upgraded Installed Building Products from a “strong sell” rating to a “hold” rating in a report on Thursday, August 14th. DA Davidson downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating and upped their price objective for the stock from $225.00 to $252.00 in a report on Tuesday, August 12th. Zelman & Associates upgraded shares of Installed Building Products from an “underperform” rating to a “neutral” rating in a report on Friday, August 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Installed Building Products in a research report on Saturday, September 27th. Finally, Royal Bank Of Canada restated an “underperform” rating and set a $184.00 price target (up from $145.00) on shares of Installed Building Products in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $217.36.

Insider Activity

In other news, Director Janet E. Jackson sold 1,469 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $266.00, for a total transaction of $390,754.00. Following the completion of the sale, the director owned 6,873 shares of the company’s stock, valued at approximately $1,828,218. This trade represents a 17.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Todd R. Fry sold 500 shares of Installed Building Products stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $257.27, for a total transaction of $128,635.00. Following the completion of the transaction, the chief accounting officer owned 6,822 shares of the company’s stock, valued at $1,755,095.94. This trade represents a 6.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,655 shares of company stock valued at $3,123,578 over the last three months. 16.20% of the stock is owned by corporate insiders.

About Installed Building Products

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.