Liontrust Investment Partners LLP Has $1.54 Million Stock Holdings in Installed Building Products, Inc. (NYSE:IBP)

Liontrust Investment Partners LLP lifted its stake in Installed Building Products, Inc. (NYSE:IBP) by 78.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,951 shares of the construction company’s stock after acquiring an additional 3,946 shares during the quarter. Liontrust Investment Partners LLP’s holdings in Installed Building Products were worth $1,535,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. UMB Bank n.a. increased its stake in shares of Installed Building Products by 142.1% in the first quarter. UMB Bank n.a. now owns 184 shares of the construction company’s stock worth $32,000 after acquiring an additional 108 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Installed Building Products by 74.6% in the first quarter. Fifth Third Bancorp now owns 227 shares of the construction company’s stock worth $39,000 after acquiring an additional 97 shares during the last quarter. McIlrath & Eck LLC increased its stake in shares of Installed Building Products by 32.3% in the fourth quarter. McIlrath & Eck LLC now owns 250 shares of the construction company’s stock worth $44,000 after acquiring an additional 61 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new position in shares of Installed Building Products in the fourth quarter worth $90,000. Finally, Covestor Ltd increased its stake in shares of Installed Building Products by 92.1% in the first quarter. Covestor Ltd now owns 557 shares of the construction company’s stock worth $96,000 after acquiring an additional 267 shares during the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Installed Building Products Stock Up 0.4%

IBP stock opened at $267.93 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.85 and a quick ratio of 2.31. Installed Building Products, Inc. has a 52-week low of $150.83 and a 52-week high of $275.76. The company has a 50-day moving average of $199.54 and a two-hundred day moving average of $180.31. The stock has a market capitalization of $7.32 billion, a price-to-earnings ratio of 29.80 and a beta of 1.73.

Installed Building Products (NYSE:IBP) last released its quarterly earnings results 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 net margin of 8.45% and a return on equity of 60.27%. The company had revenue of $760.30 million during the quarter, compared to analysts’ expectations of $711.37 million. During the same period in the prior year, the company earned $2.84 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Dividend Announcement

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

Insider Transactions at Installed Building Products

In related news, CAO Todd R. Fry sold 500 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $257.27, for a total value of $128,635.00. Following the completion of the sale, the chief accounting officer owned 6,822 shares in the company, valued at approximately $1,755,095.94. This trade represents a 6.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William Jeffrey Hire sold 6,500 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $265.71, for a total transaction of $1,727,115.00. Following the completion of the sale, the insider owned 37,999 shares of the company’s stock, valued at approximately $10,096,714.29. The trade was a 14.61% decrease in their position. The disclosure for this sale can be found here. 16.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on IBP shares. Benchmark lowered their target price on shares of Installed Building Products from $210.00 to $185.00 and set a “buy” rating on the stock in a research report on Friday, May 9th. Jefferies Financial Group increased their target price on shares of Installed Building Products from $175.00 to $225.00 and gave the stock a “hold” rating in a research report on Tuesday. DA Davidson reissued a “neutral” rating and set a $252.00 target price (up from $225.00) on shares of Installed Building Products in a research report on Tuesday. Royal Bank Of Canada reissued an “underperform” rating and set a $184.00 target price (up from $145.00) on shares of Installed Building Products in a research report on Thursday, August 7th. Finally, Loop Capital downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating and set a $255.00 target price on the stock. in a research report on Friday, August 8th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $217.36.

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.