1 day Ago By Defense World Staff
Commonwealth Equity Services LLC raised its holdings in Installed Building Products, Inc. ( NYSE:IBP – Free Report ) by 99.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC.
The fund owned 4,571 shares of the construction company’s stock after purchasing an additional 2,277 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Installed Building Products were worth $940,000 as of its most recent SEC filing. Other institutional investors have also recently bought and sold shares of the company.
Russell Investments Group Ltd. increased its stake in shares of Installed Building Products by 280.6% in the 4th quarter.
Russell Investments Group Ltd. now owns 137 shares of the construction company’s stock valued at $25,000 after buying an additional 101 shares during the period. Gryphon Financial Partners LLC acquired a new stake in shares of Installed Building Products in the 4th quarter valued at $214,000.
Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Installed Building Products in the 4th quarter valued at $339,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Installed Building Products in the 4th quarter valued at $216,000.
Finally, Quadrant Capital Group LLC increased its stake in shares of Installed Building Products by 58.7% in the 4th quarter. Quadrant Capital Group LLC now owns 265 shares of the construction company’s stock valued at $48,000 after buying an additional 98 shares during the period.
Institutional investors own 99.61% of the company’s stock. Analyst Upgrades and Downgrades Several equities research analysts have recently commented on IBP shares.
Truist Financial lifted their target price on Installed Building Products from $235.00 to $240.00 and gave the company a “hold” rating in a research note on Friday, August 2nd.
StockNews.com cut Installed Building Products from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. The Goldman Sachs Group lifted their price objective on Installed Building Products from $260.
00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Royal Bank of Canada lifted their price objective on Installed Building Products from $201.
00 to $203.00 and gave the stock a “sector perform” rating in a research note on Friday, August 2nd. Finally, Stephens reaffirmed an “equal weight” rating and set a $240.
00 price objective on shares of Installed Building Products in a research note on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Installed Building Products presently has an average rating of “Hold” and an average price target of $255.
20. Installed Building Products Stock Performance Shares of Installed Building Products stock opened at $238.19 on Wednesday.
Installed Building Products, Inc. has a one year low of $106.01 and a one year high of $281.
04. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 26.
94 and a beta of 1.93. The company has a debt-to-equity ratio of 1.
24, a current ratio of 3.08 and a quick ratio of 2.59.
The stock’s 50-day moving average is $226.17 and its 200-day moving average is $227.07.
Installed Building Products ( NYSE:IBP – Get Free Report ) last released its earnings results on Thursday, August 1st. The construction company reported $2.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.
77 by $0.13. Installed Building Products had a return on equity of 44.
93% and a net margin of 8.89%. The business had revenue of $737.
60 million for the quarter, compared to analyst estimates of $743.86 million. Equities analysts predict that Installed Building Products, Inc.
will post 11.06 earnings per share for the current fiscal year. Installed Building Products Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th.
Shareholders of record on Sunday, September 15th will be given a dividend of $0.35 per share. This represents a $1.
40 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Friday, September 13th.
Installed Building Products’s dividend payout ratio (DPR) is presently 15.84%. Installed Building Products Company 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. Featured Stories Five stocks we like better than Installed Building Products How to Use Stock Screeners to Find Stocks Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? Technology Stocks Explained: Here’s What to Know About Tech Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge How Can Investors Benefit From After-Hours Trading Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker 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.com's FREE daily email newsletter .
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