Installed Building Products, Inc. (NYSE:IBP) Stock Holdings Lifted by Duality Advisers LP

Duality Advisers LP raised its stake in Installed Building Products, Inc. (NYSE:IBP) by 9.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,510 shares of the construction company’s stock after buying an additional 906 shares during the period. Duality Advisers LP’s holdings in Installed Building Products were worth $1,921,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Fuller & Thaler Asset Management Inc. raised its stake in Installed Building Products by 37.6% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 655,219 shares of the construction company’s stock valued at $81,830,000 after purchasing an additional 179,004 shares during the period. Van Berkom & Associates Inc. raised its stake in Installed Building Products by 8.3% during the 3rd quarter. Van Berkom & Associates Inc. now owns 498,670 shares of the construction company’s stock valued at $62,279,000 after purchasing an additional 38,299 shares during the period. Giverny Capital Inc. raised its stake in Installed Building Products by 1.1% during the 3rd quarter. Giverny Capital Inc. now owns 432,898 shares of the construction company’s stock valued at $54,065,000 after purchasing an additional 4,542 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in Installed Building Products by 4.2% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 377,741 shares of the construction company’s stock valued at $69,058,000 after purchasing an additional 15,220 shares during the period. Finally, Northern Trust Corp raised its stake in Installed Building Products by 0.9% during the 3rd quarter. Northern Trust Corp now owns 277,868 shares of the construction company’s stock valued at $34,703,000 after purchasing an additional 2,466 shares during the period. Institutional investors own 99.61% of the company’s stock.

Insider Buying and Selling at Installed Building Products

In other news, CAO Todd R. Fry sold 500 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $233.50, for a total transaction of $116,750.00. Following the completion of the transaction, the chief accounting officer now owns 7,176 shares of the company’s stock, valued at $1,675,596. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Brad A. Wheeler sold 1,119 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $244.22, for a total transaction of $273,282.18. Following the completion of the sale, the chief operating officer now owns 6,679 shares of the company’s stock, valued at $1,631,145.38. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Todd R. Fry sold 500 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $233.50, for a total transaction of $116,750.00. Following the sale, the chief accounting officer now directly owns 7,176 shares in the company, valued at $1,675,596. The disclosure for this sale can be found here. Insiders sold 6,619 shares of company stock worth $1,606,732 over the last ninety days. Company insiders own 16.50% of the company’s stock.

Installed Building Products Trading Up 0.9 %

Shares of NYSE:IBP opened at $223.24 on Tuesday. The stock has a market capitalization of $6.35 billion, a PE ratio of 25.93 and a beta of 1.89. Installed Building Products, Inc. has a 1 year low of $103.50 and a 1 year high of $263.76. The firm has a fifty day moving average price of $237.70 and a 200 day moving average price of $186.39. The company has a current ratio of 3.09, a quick ratio of 2.62 and a debt-to-equity ratio of 1.26.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.03. Installed Building Products had a net margin of 8.77% and a return on equity of 47.18%. The firm had revenue of $720.70 million during the quarter, compared to analysts’ expectations of $688.59 million. During the same period in the prior year, the company posted $2.34 earnings per share. Installed Building Products’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts expect that Installed Building Products, Inc. will post 11.2 EPS for the current fiscal year.

Installed Building Products Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, March 31st. Shareholders of record on Friday, March 15th were issued a dividend of $1.60 per share. This represents a $6.40 dividend on an annualized basis and a yield of 2.87%. This is a boost from Installed Building Products’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, March 14th. Installed Building Products’s dividend payout ratio is 16.26%.

Analysts Set New Price Targets

Several analysts have issued reports on IBP shares. Evercore ISI boosted their target price on shares of Installed Building Products from $226.00 to $272.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. StockNews.com upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a report on Friday, February 16th. Truist Financial boosted their price target on shares of Installed Building Products from $200.00 to $235.00 and gave the company a “hold” rating in a report on Friday, February 23rd. The Goldman Sachs Group restated a “buy” rating on shares of Installed Building Products in a report on Thursday, February 1st. Finally, Loop Capital upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $208.40.

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.