Xponance Inc. Increases Holdings in Installed Building Products, Inc. (NYSE:IBP)

Xponance Inc. grew its holdings in Installed Building Products, Inc. (NYSE:IBP) by 5.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,519 shares of the construction company’s stock after acquiring an additional 76 shares during the period. Xponance Inc.’s holdings in Installed Building Products were worth $312,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in IBP. Swedbank AB purchased a new position in shares of Installed Building Products in the first quarter valued at about $96,248,000. Price T Rowe Associates Inc. MD increased its holdings 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 during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of Installed Building Products by 3,919.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 142,723 shares of the construction company’s stock worth $26,093,000 after purchasing an additional 139,172 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Installed Building Products by 2,912.0% in the second quarter. Renaissance Technologies LLC now owns 75,300 shares of the construction company’s stock worth $15,488,000 after purchasing an additional 72,800 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Installed Building Products in the first quarter worth about $17,806,000. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Stephens reaffirmed an “equal weight” rating and issued a $240.00 target price on shares of Installed Building Products in a report on Monday, August 5th. Royal Bank of Canada lifted their target price on Installed Building Products from $201.00 to $203.00 and gave the stock a “sector perform” rating in a report on Friday, August 2nd. The Goldman Sachs Group lifted 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. Jefferies Financial Group lifted 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. Finally, Evercore ISI lifted their target price on Installed Building Products from $274.00 to $282.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $255.20.

Installed Building Products Trading Up 0.3 %

Shares of NYSE IBP opened at $246.95 on Wednesday. The stock has a market capitalization of $7.02 billion, a P/E ratio of 27.94 and a beta of 1.93. The business’s 50 day moving average is $227.37 and its two-hundred day moving average is $227.34. Installed Building Products, Inc. has a 1-year low of $106.01 and a 1-year high of $281.04. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.08 and a quick ratio of 2.59.

Installed Building Products (NYSE:IBP) last released 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 firm had revenue of $737.60 million for the quarter, compared to analysts’ expectations of $743.86 million. Installed Building Products had a return on equity of 44.93% and a net margin of 8.89%. As a group, research analysts expect 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 was paid on Monday, September 30th. Stockholders of record on Sunday, September 15th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, September 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.57%. Installed Building Products’s dividend payout ratio is 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.