Installed Building Products, Inc. (NYSE:IBP) Shares Sold by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC lessened its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 37.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,020 shares of the construction company’s stock after selling 7,709 shares during the quarter. Moody Aldrich Partners LLC’s holdings in Installed Building Products were worth $2,232,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP boosted its stake in Installed Building Products by 69.8% during 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 in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Installed Building Products by 35,416.8% in the first quarter. GAMMA Investing LLC now owns 169,060 shares of the construction company’s stock valued at $289,870,000 after buying an additional 168,584 shares during the period. Norges Bank bought a new position in Installed Building Products during the fourth quarter valued at about $28,509,000. T. Rowe Price Investment Management Inc. grew its holdings in Installed Building Products by 87.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 338,081 shares of the construction company’s stock worth $59,249,000 after acquiring an additional 158,173 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in Installed Building Products in the fourth quarter worth about $23,776,000. Institutional investors own 99.61% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on IBP. Benchmark reduced their price objective on shares of Installed Building Products from $210.00 to $185.00 and set a “buy” rating for the company in a research report on Friday, May 9th. Loop Capital reduced their target price on shares of Installed Building Products from $210.00 to $200.00 and set a “buy” rating for the company in a report on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Installed Building Products in a research report on Tuesday, April 1st. They issued a “hold” rating and a $183.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Installed Building Products presently has a consensus rating of “Hold” and an average price target of $212.45.

Installed Building Products Stock Performance

Installed Building Products stock opened at $194.58 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.89 and a quick ratio of 2.31. The company has a market cap of $5.37 billion, a P/E ratio of 22.19 and a beta of 1.74. Installed Building Products, Inc. has a fifty-two week low of $150.83 and a fifty-two week high of $281.04. The firm’s 50 day simple moving average is $168.10 and its 200-day simple moving average is $174.03.

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

Installed Building Products Dividend Announcement

The firm 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 annualized dividend and a yield of 0.76%. The ex-dividend date was Friday, June 13th. Installed Building Products’s dividend payout ratio is currently 16.88%.

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.