Installed Building Products, Inc. (NYSE:IBP) Position Lessened by American International Group Inc.

American International Group Inc. trimmed its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,897 shares of the construction company’s stock after selling 108 shares during the period. American International Group Inc.’s holdings in Installed Building Products were worth $2,358,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of IBP. NBC Securities Inc. acquired a new position in Installed Building Products during the fourth quarter worth $25,000. Russell Investments Group Ltd. increased its position in Installed Building Products by 280.6% during the fourth quarter. Russell Investments Group Ltd. now owns 137 shares of the construction company’s stock worth $25,000 after buying an additional 101 shares during the last quarter. Hexagon Capital Partners LLC increased its position in Installed Building Products by 253.7% during the fourth quarter. Hexagon Capital Partners LLC now owns 145 shares of the construction company’s stock worth $27,000 after buying an additional 104 shares during the last quarter. Annapolis Financial Services LLC increased its position in Installed Building Products by 45.7% during the fourth quarter. Annapolis Financial Services LLC now owns 169 shares of the construction company’s stock worth $31,000 after buying an additional 53 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. acquired a new position in Installed Building Products during the fourth quarter worth $32,000. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Installed Building Products Stock Down 1.3 %

Shares of IBP opened at $196.44 on Wednesday. The stock has a market cap of $5.59 billion, a price-to-earnings ratio of 22.22 and a beta of 1.95. The company has a quick ratio of 2.67, a current ratio of 3.18 and a debt-to-equity ratio of 1.25. Installed Building Products, Inc. has a 12 month low of $106.01 and a 12 month high of $263.76. The company has a 50-day moving average price of $220.55 and a two-hundred day moving average price of $215.58.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings results on Thursday, May 9th. The construction company reported $2.37 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.29. The firm had revenue of $692.90 million during the quarter, compared to analysts’ expectations of $676.60 million. Installed Building Products had a net margin of 8.90% and a return on equity of 45.41%. Equities analysts predict that Installed Building Products, Inc. will post 11.2 EPS for the current fiscal year.

Installed Building Products Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, June 30th. Shareholders of record on Saturday, June 15th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Friday, June 14th. Installed Building Products’s dividend payout ratio is 15.84%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of Installed Building Products from $242.00 to $227.00 and set a “neutral” rating on the stock in a research report on Monday, May 13th. Evercore ISI raised their price target on Installed Building Products from $226.00 to $272.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Loop Capital raised their price target on Installed Building Products from $250.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, May 10th. DA Davidson began coverage on Installed Building Products in a research report on Tuesday, March 5th. They issued a “buy” rating and a $275.00 price target on the stock. Finally, Royal Bank of Canada raised their price target on Installed Building Products from $216.00 to $220.00 and gave the company a “sector perform” rating in a research report on Friday, May 10th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $229.30.

Insider Activity

In other news, insider Jason R. Niswonger sold 6,000 shares of Installed Building Products stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $229.84, for a total value of $1,379,040.00. Following the completion of the transaction, the insider now owns 13,159 shares in the company, valued at $3,024,464.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Janet E. Jackson sold 2,122 shares of Installed Building Products stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $211.65, for a total value of $449,121.30. Following the completion of the transaction, the director now owns 7,046 shares in the company, valued at $1,491,285.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jason R. Niswonger sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $229.84, for a total transaction of $1,379,040.00. Following the completion of the sale, the insider now directly owns 13,159 shares of the company’s stock, valued at approximately $3,024,464.56. The disclosure for this sale can be found here. 16.50% of the stock is currently owned by corporate insiders.

Installed Building Products Company 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.