Vest Financial LLC Purchases 561 Shares of Installed Building Products, Inc. (NYSE:IBP)

Vest Financial LLC raised its position in Installed Building Products, Inc. (NYSE:IBP) by 9.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,220 shares of the construction company’s stock after purchasing an additional 561 shares during the period. Vest Financial LLC’s holdings in Installed Building Products were worth $1,532,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in Installed Building Products in the first quarter valued at approximately $29,000. V Square Quantitative Management LLC acquired a new position in shares of Installed Building Products in the third quarter valued at approximately $29,000. CWM LLC boosted its holdings in shares of Installed Building Products by 32.1% in the second quarter. CWM LLC now owns 255 shares of the construction company’s stock valued at $52,000 after buying an additional 62 shares during the period. Headlands Technologies LLC acquired a new position in shares of Installed Building Products in the first quarter valued at approximately $68,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Installed Building Products by 50.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 263 shares of the construction company’s stock valued at $68,000 after buying an additional 88 shares during the period. Institutional investors own 99.61% of the company’s stock.

Installed Building Products Stock Performance

NYSE IBP opened at $254.42 on Monday. The company has a current ratio of 3.08, a quick ratio of 2.59 and a debt-to-equity ratio of 1.24. The firm’s fifty day moving average price is $228.68 and its two-hundred day moving average price is $226.56. Installed Building Products, Inc. has a 1 year low of $106.01 and a 1 year high of $281.04. The firm has a market capitalization of $7.24 billion, a P/E ratio of 28.78 and a beta of 1.94.

Installed Building Products (NYSE:IBP) last posted its quarterly 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 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 analyst estimates of $743.86 million. As a group, research analysts anticipate that Installed Building Products, Inc. will post 11.06 EPS for the current year.

Installed Building Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Sunday, September 15th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend was Friday, September 13th. Installed Building Products’s dividend payout ratio (DPR) is currently 15.84%.

Analyst Ratings Changes

Several research analysts have recently weighed in on IBP shares. Stephens reiterated an “equal weight” rating and issued a $240.00 price target on shares of Installed Building Products in a report on Monday, August 5th. The Goldman Sachs Group upped their price target on shares of Installed Building Products from $260.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Royal Bank of Canada upped their price target on shares of Installed Building Products from $201.00 to $203.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd. Truist Financial increased their target price on shares of Installed Building Products from $235.00 to $240.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Finally, Jefferies Financial Group increased their target price on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $254.40.

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.