Dana Investment Advisors Inc. Has $941,000 Holdings in Installed Building Products, Inc. $IBP

Dana Investment Advisors Inc. lessened its holdings in Installed Building Products, Inc. (NYSE:IBP) by 46.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,813 shares of the construction company’s stock after selling 3,293 shares during the period. Dana Investment Advisors Inc.’s holdings in Installed Building Products were worth $941,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Verdence Capital Advisors LLC boosted its stake in shares of Installed Building Products by 3.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 1,265 shares of the construction company’s stock valued at $343,000 after purchasing an additional 43 shares in the last quarter. Amalgamated Bank lifted its stake in Installed Building Products by 0.8% in the 3rd quarter. Amalgamated Bank now owns 6,589 shares of the construction company’s stock valued at $1,625,000 after purchasing an additional 50 shares during the last quarter. State of Wyoming boosted its position in Installed Building Products by 5.1% in the second quarter. State of Wyoming now owns 1,101 shares of the construction company’s stock valued at $199,000 after buying an additional 53 shares in the last quarter. Farther Finance Advisors LLC boosted its position in Installed Building Products by 31.8% in the third quarter. Farther Finance Advisors LLC now owns 224 shares of the construction company’s stock valued at $55,000 after buying an additional 54 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Installed Building Products by 14.0% during the second quarter. Smartleaf Asset Management LLC now owns 439 shares of the construction company’s stock worth $78,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Price Performance

Shares of IBP opened at $321.80 on Friday. The business has a 50-day moving average of $299.42 and a 200-day moving average of $273.76. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.78 and a quick ratio of 2.28. The company has a market capitalization of $8.73 billion, a price-to-earnings ratio of 34.64, a price-to-earnings-growth ratio of 7.01 and a beta of 1.92. Installed Building Products, Inc. has a 1 year low of $150.83 and a 1 year high of $349.00.

Installed Building Products (NYSE:IBP) last released its earnings results on Thursday, February 26th. The construction company reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.41. Installed Building Products had a net margin of 8.60% and a return on equity of 62.74%. The business had revenue of $747.50 million during the quarter, compared to the consensus estimate of $738.97 million. During the same quarter in the prior year, the firm posted $2.88 EPS. The company’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, equities research analysts anticipate that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

Installed Building Products Dividend Announcement

The company also recently announced a special dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, March 13th. Installed Building Products’s dividend payout ratio (DPR) is currently 15.93%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on IBP shares. Weiss Ratings upgraded Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Zacks Research cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Evercore set a $265.00 price target on Installed Building Products in a research note on Thursday, November 6th. Jefferies Financial Group boosted their price target on Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a report on Monday, December 15th. Finally, Benchmark downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, Installed Building Products presently has an average rating of “Reduce” and a consensus target price of $239.45.

Installed Building Products Profile

Installed Building Products, Inc (NYSE: IBP) is a leading national installer of specialty building products serving the U.S. residential construction market. The company partners with homebuilders and contractors to deliver a comprehensive range of interior and exterior finishing services, including insulation, drywall finishing, protective coatings and basement waterproofing systems. By offering a single-source solution, Installed Building Products helps streamline project coordination and ensures consistent service quality across multiple trades.

Founded in 1977 and headquartered in Columbus, Ohio, Installed Building Products has expanded from a regional insulation installer into a nationwide platform operating in nearly every state.