Installed Building Products, Inc. (IBP) To Go Ex-Dividend on September 15th

Installed Building Products, Inc. (NYSE:IBP) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Tuesday, September 15th will be given a dividend of 0.39 per share by the construction company on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 15th.

Installed Building Products has a dividend payout ratio of 15.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Installed Building Products to earn $11.21 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 13.9%.

Installed Building Products Trading Up 1.6%

IBP opened at $204.89 on Friday. Installed Building Products has a fifty-two week low of $193.11 and a fifty-two week high of $349.00. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.98 and a quick ratio of 2.41. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 3.83 and a beta of 1.71. The company’s 50 day moving average price is $232.95 and its two-hundred day moving average price is $247.39.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings results on Thursday, August 6th. The construction company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.36. The firm had revenue of $777.80 million during the quarter, compared to analysts’ expectations of $743.33 million. Installed Building Products had a net margin of 8.46% and a return on equity of 42.12%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.95 EPS. As a group, research analysts predict that Installed Building Products will post 9.82 earnings per share for the current year.

About Installed Building Products

Installed Building Products, Inc (NYSE: IBP) is a Columbus, Ohio-based installer of insulation and complementary building products. The company serves residential, commercial and industrial construction markets, with a primary focus on installation services rather than manufacturing.

Its offerings include fiberglass, cellulose and spray foam insulation, as well as related products and services such as fireproofing, garage doors, rain gutters, closet shelving, shower doors and mirrors. Installed Building Products works with builders, contractors and homeowners on new construction, repair and remodeling projects.

Founded in 1977, the company has expanded through a network of local operations serving markets throughout the United States.