Natixis Advisors L.P. Increases Holdings in Installed Building Products, Inc. (NYSE:IBP)

Natixis Advisors L.P. increased its stake in Installed Building Products, Inc. (NYSE:IBP) by 5.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 74,222 shares of the construction company’s stock after buying an additional 4,035 shares during the quarter. Natixis Advisors L.P. owned 0.26% of Installed Building Products worth $13,568,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in IBP. Raymond James & Associates grew its position in shares of Installed Building Products by 6.6% during the 3rd quarter. Raymond James & Associates now owns 27,899 shares of the construction company’s stock valued at $3,484,000 after acquiring an additional 1,726 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Installed Building Products by 55.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 8,125 shares of the construction company’s stock worth $1,015,000 after buying an additional 2,913 shares during the last quarter. Strs Ohio raised its stake in shares of Installed Building Products by 40.0% in the third quarter. Strs Ohio now owns 1,400 shares of the construction company’s stock valued at $174,000 after buying an additional 400 shares during the period. Inspire Investing LLC lifted its position in shares of Installed Building Products by 6.0% during the 3rd quarter. Inspire Investing LLC now owns 2,818 shares of the construction company’s stock valued at $352,000 after buying an additional 159 shares during the last quarter. Finally, TD Asset Management Inc grew its stake in shares of Installed Building Products by 25.2% during the 3rd quarter. TD Asset Management Inc now owns 19,400 shares of the construction company’s stock worth $2,423,000 after acquiring an additional 3,900 shares during the period. Institutional investors own 99.61% of the company’s stock.

Installed Building Products Stock Performance

Shares of IBP opened at $237.07 on Wednesday. The company has a current ratio of 3.09, a quick ratio of 2.62 and a debt-to-equity ratio of 1.26. The stock has a 50-day moving average price of $242.89 and a 200-day moving average price of $195.90. The company has a market cap of $6.74 billion, a PE ratio of 27.53 and a beta of 1.91. Installed Building Products, Inc. has a 12-month low of $103.50 and a 12-month high of $263.76.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.03. The company had revenue of $720.70 million during the quarter, compared to the consensus estimate of $688.59 million. Installed Building Products had a net margin of 8.77% and a return on equity of 47.18%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.34 EPS. As a group, equities analysts forecast that Installed Building Products, Inc. will post 11.2 earnings per share for the current fiscal year.

Installed Building Products Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, March 31st. Shareholders of record on Friday, March 15th were given a dividend of $1.60 per share. This is a boost from Installed Building Products’s previous quarterly dividend of $0.33. This represents a $6.40 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Thursday, March 14th. Installed Building Products’s dividend payout ratio (DPR) is presently 16.26%.

Insiders Place Their Bets

In other news, CAO Todd R. Fry sold 500 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $233.50, for a total value of $116,750.00. Following the completion of the sale, the chief accounting officer now owns 7,176 shares of the company’s stock, valued at approximately $1,675,596. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Installed Building Products news, CAO Todd R. Fry sold 500 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $233.50, for a total value of $116,750.00. Following the completion of the sale, the chief accounting officer now directly owns 7,176 shares of the company’s stock, valued at $1,675,596. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Thomas Miller sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $243.34, for a total value of $1,216,700.00. Following the transaction, the chief financial officer now directly owns 38,320 shares in the company, valued at $9,324,788.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,619 shares of company stock valued at $1,606,732. 16.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

IBP has been the topic of a number of research reports. DA Davidson started coverage on shares of Installed Building Products in a report on Tuesday, March 5th. They set a “buy” rating and a $275.00 price objective on the stock. Evercore ISI raised their price objective on shares of Installed Building Products from $226.00 to $272.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. StockNews.com raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a report on Friday, February 16th. The Goldman Sachs Group restated a “buy” rating on shares of Installed Building Products in a research report on Thursday, February 1st. Finally, JPMorgan Chase & Co. cut Installed Building Products from an “overweight” rating to a “neutral” rating and lifted their price target for the company from $199.00 to $242.00 in a research report on Wednesday, February 28th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $208.40.

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.