2 weeks Ago By ABMN Staff
Ascent Group LLC grew its holdings in Installed Building Products, Inc. ( NYSE:IBP – Free Report ) by 10.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission.
The institutional investor owned 17,816 shares of the construction company’s stock after buying an additional 1,754 shares during the period. Ascent Group LLC owned approximately 0.06% of Installed Building Products worth $3,664,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in IBP. Gryphon Financial Partners LLC purchased a new position in shares of Installed Building Products in the 4th quarter worth $214,000. Corient Private Wealth LLC grew its position in Installed Building Products by 2.
3% in the 4th quarter. Corient Private Wealth LLC now owns 4,571 shares of the construction company’s stock valued at $836,000 after acquiring an additional 104 shares during the last quarter. Trexquant Investment LP increased its stake in Installed Building Products by 10.
5% in the fourth quarter. Trexquant Investment LP now owns 2,342 shares of the construction company’s stock worth $428,000 after purchasing an additional 223 shares during the period. Franklin Resources Inc.
lifted its position in shares of Installed Building Products by 1.1% during the fourth quarter. Franklin Resources Inc.
now owns 12,248 shares of the construction company’s stock worth $2,239,000 after purchasing an additional 136 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of Installed Building Products by 15.9% during the fourth quarter.
Allianz Asset Management GmbH now owns 19,380 shares of the construction company’s stock valued at $3,543,000 after purchasing an additional 2,654 shares during the period. 99.61% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth A number of equities research analysts recently weighed in on the stock. Royal Bank of Canada lifted their price objective on shares of Installed Building Products from $201.00 to $203.
00 and gave the company a “sector perform” rating in a report on Friday, August 2nd. The Goldman Sachs Group boosted their price target on Installed Building Products from $260.00 to $295.
00 and gave the company a “buy” rating in a report on Friday, August 2nd. Jefferies Financial Group raised their price objective on Installed Building Products from $239.00 to $250.
00 and gave the stock a “hold” rating in a report on Wednesday, July 17th. StockNews.com cut Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, September 6th.
Finally, Stephens restated an “equal weight” rating and set a $240.00 price target on shares of Installed Building Products in a research note on Monday, August 5th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock.
According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $255.20. Installed Building Products Stock Performance Shares of Installed Building Products stock opened at $250.
40 on Friday. The company has a market capitalization of $7.12 billion, a PE ratio of 28.
33 and a beta of 1.93. The company has a 50-day simple moving average of $227.
39 and a two-hundred day simple moving average of $227.48. Installed Building Products, Inc.
has a one year low of $106.01 and a one year high of $281.04.
The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.59 and a current ratio of 3.
08. Installed Building Products ( NYSE:IBP – Get Free Report ) last posted its earnings results on Thursday, August 1st. The construction company reported $2.
90 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.13.
The company had revenue of $737.60 million during the quarter, compared to analysts’ expectations of $743.86 million.
Installed Building Products had a net margin of 8.89% and a return on equity of 44.93%.
Research analysts expect that Installed Building Products, Inc. will post 11.06 EPS for the current fiscal year.
Installed Building Products Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Sunday, September 15th will be given a $0.35 dividend.
The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.
56%. Installed Building Products’s payout ratio is 15.84%.
Installed Building Products Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding IBP? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Installed Building Products, Inc. ( NYSE:IBP – Free Report ). Receive News & Ratings for Installed Building Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Installed Building Products and related companies with MarketBeat.
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