Installed Building Products, Inc. (NYSE:IBP) Stock Holdings Decreased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 703,639 shares of the construction company’s stock after selling 1,263 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Installed Building Products were worth $144,720,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Installed Building Products by 0.7% in the first quarter. Vanguard Group Inc. now owns 2,641,445 shares of the construction company’s stock valued at $683,421,000 after purchasing an additional 18,890 shares in the last quarter. Swedbank AB boosted its position in Installed Building Products by 11.6% during the 2nd quarter. Swedbank AB now owns 415,000 shares of the construction company’s stock worth $85,357,000 after acquiring an additional 43,000 shares during the period. Bank of New York Mellon Corp grew its stake in Installed Building Products by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 226,428 shares of the construction company’s stock valued at $46,572,000 after acquiring an additional 4,943 shares in the last quarter. Norges Bank acquired a new position in shares of Installed Building Products in the 4th quarter valued at about $37,583,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Installed Building Products by 1,328.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 197,526 shares of the construction company’s stock worth $51,107,000 after purchasing an additional 183,696 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on IBP. Stephens reaffirmed an “equal weight” rating and set a $240.00 price objective on shares of Installed Building Products in a research report on Monday, August 5th. The Goldman Sachs Group increased their price objective on Installed Building Products from $260.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Evercore ISI boosted their target price on Installed Building Products from $274.00 to $282.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Truist Financial raised their price target on Installed Building Products from $235.00 to $240.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Finally, Jefferies Financial Group boosted their price target on Installed Building Products from $239.00 to $250.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $255.20.

Installed Building Products Trading Down 2.8 %

Shares of IBP stock opened at $239.19 on Friday. The business’s 50 day moving average is $227.25 and its two-hundred day moving average is $227.21. The company has a quick ratio of 2.59, a current ratio of 3.08 and a debt-to-equity ratio of 1.24. Installed Building Products, Inc. has a 12 month low of $106.01 and a 12 month high of $281.04. The company has a market cap of $6.80 billion, a PE ratio of 27.06 and a beta of 1.93.

Installed Building Products (NYSE:IBP) last announced its earnings results on Thursday, August 1st. The construction company reported $2.90 EPS for the quarter, topping the consensus estimate of $2.77 by $0.13. Installed Building Products had a net margin of 8.89% and a return on equity of 44.93%. The firm had revenue of $737.60 million for the quarter, compared to the consensus estimate of $743.86 million. Equities analysts predict that Installed Building Products, Inc. will post 11.06 EPS for the current year.

Installed Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Sunday, September 15th will be issued a $0.35 dividend. 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 currently 15.84%.

Installed Building Products 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.