Axa S.A. Has $3.51 Million Holdings in Installed Building Products, Inc. (NYSE:IBP)

Axa S.A. trimmed its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 26.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 17,058 shares of the construction company’s stock after selling 6,234 shares during the period. Axa S.A. owned approximately 0.06% of Installed Building Products worth $3,508,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Installed Building Products by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,641,445 shares of the construction company’s stock worth $683,421,000 after buying an additional 18,890 shares in the last quarter. Duality Advisers LP boosted its holdings in shares of Installed Building Products by 32.2% during the 1st quarter. Duality Advisers LP now owns 13,899 shares of the construction company’s stock worth $3,596,000 after buying an additional 3,389 shares in the last quarter. Goodnow Investment Group LLC boosted its holdings in shares of Installed Building Products by 28.9% during the 4th quarter. Goodnow Investment Group LLC now owns 92,423 shares of the construction company’s stock worth $16,897,000 after buying an additional 20,737 shares in the last quarter. Concurrent Investment Advisors LLC bought a new position in shares of Installed Building Products during the 1st quarter worth approximately $564,000. Finally, Swedbank AB boosted its holdings in shares of 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 buying an additional 43,000 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on IBP. StockNews.com cut Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, September 6th. Truist Financial increased their target price on Installed Building Products from $235.00 to $240.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Jefferies Financial Group increased their target price on Installed Building Products from $239.00 to $250.00 and gave the stock a “hold” rating in a report on Wednesday, July 17th. The Goldman Sachs Group increased their target price on Installed Building Products from $260.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Stephens reiterated an “equal weight” rating and issued a $240.00 target price on shares of Installed Building Products in a report on Monday, August 5th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $255.20.

Installed Building Products Trading Up 2.2 %

NYSE IBP opened at $250.40 on Monday. The firm has a market capitalization of $7.12 billion, a P/E ratio of 28.33 and a beta of 1.93. The business has a fifty day simple moving average of $227.39 and a 200 day simple moving average of $227.39. Installed Building Products, Inc. has a 12 month low of $106.01 and a 12 month high of $281.04. The company has a current ratio of 3.08, a quick ratio of 2.59 and a debt-to-equity ratio of 1.24.

Installed Building Products (NYSE:IBP) last announced its earnings results on Thursday, August 1st. The construction company reported $2.90 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $737.60 million during the quarter, compared to analyst estimates of $743.86 million. On average, analysts predict that Installed Building Products, Inc. will post 11.06 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Sunday, September 15th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend is Friday, September 13th. Installed Building Products’s dividend payout ratio is presently 15.84%.

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.