Installed Building Products, Inc. (NYSE:IBP – Get Free Report) declared a quarterly dividend on Thursday, November 5th. Investors of record on Tuesday, December 15th will be given a dividend of $0.39 per share by the construction company on Thursday, December 31st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, December 15th.
Installed Building Products has a payout ratio of 15.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Installed Building Products to earn $10.54 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 14.8%.
Installed Building Products Stock Down 6.0%
Installed Building Products stock traded down $14.19 during midday trading on Thursday, reaching $221.23. The stock had a trading volume of 952,559 shares, compared to its average volume of 404,368. The stock has a market capitalization of $5.88 billion, a P/E ratio of 23.81, a price-to-earnings-growth ratio of 8.44 and a beta of 1.65. The firm’s fifty day simple moving average is $205.48 and its 200-day simple moving average is $246.23. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.41 and a current ratio of 2.98. Installed Building Products has a 1-year low of $176.15 and a 1-year high of $349.00.
Installed Building Products (NYSE:IBP – Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The construction company reported $2.76 earnings per share for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.07). Installed Building Products had a return on equity of 42.12% and a net margin of 8.46%. The firm had revenue of $808.40 million for the quarter, compared to analyst estimates of $787.70 million. During the same period last year, the company earned $3.18 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. As a group, analysts expect that Installed Building Products will post 9.75 EPS for the current fiscal year.
Installed Building Products Company Profile
Installed Building Products, Inc (NYSE: IBP) is a residential and commercial building-services company that provides installation services for insulation and other construction products. The company serves homebuilders, contractors, remodelers and other customers through a network of specialized installation businesses.
Its primary offerings include fiberglass, spray foam and blown-in insulation, as well as the installation of garage doors, gutters, fireplaces, shower enclosures, closet systems and other complementary building products.
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