Two Sigma Advisers LP Acquires 25,200 Shares of Installed Building Products, Inc. (NYSE:IBP)

Two Sigma Advisers LP boosted its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 204.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 37,500 shares of the construction company’s stock after buying an additional 25,200 shares during the quarter. Two Sigma Advisers LP owned about 0.13% of Installed Building Products worth $6,572,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IBP. Two Sigma Investments LP increased its holdings in shares of Installed Building Products by 503.6% during the 4th quarter. Two Sigma Investments LP now owns 65,135 shares of the construction company’s stock valued at $11,415,000 after acquiring an additional 54,344 shares during the last quarter. Tidal Investments LLC boosted its position in Installed Building Products by 8.7% during the fourth quarter. Tidal Investments LLC now owns 2,541 shares of the construction company’s stock worth $445,000 after purchasing an additional 204 shares during the period. State of Wyoming boosted its position in Installed Building Products by 10.1% during the fourth quarter. State of Wyoming now owns 840 shares of the construction company’s stock worth $147,000 after purchasing an additional 77 shares during the period. Silvercrest Asset Management Group LLC grew its holdings in Installed Building Products by 13.1% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 323,741 shares of the construction company’s stock valued at $56,736,000 after purchasing an additional 37,511 shares during the last quarter. Finally, Rafferty Asset Management LLC grew its holdings in Installed Building Products by 51.1% during the fourth quarter. Rafferty Asset Management LLC now owns 15,703 shares of the construction company’s stock valued at $2,752,000 after purchasing an additional 5,310 shares during the last quarter. 99.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on IBP. Truist Financial decreased their price objective on shares of Installed Building Products from $240.00 to $180.00 and set a “hold” rating for the company in a report on Monday, March 3rd. DA Davidson decreased their price target on shares of Installed Building Products from $260.00 to $225.00 and set a “buy” rating for the company in a report on Friday, February 28th. Loop Capital lowered their price target on Installed Building Products from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, May 12th. Wall Street Zen lowered Installed Building Products from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Installed Building Products in a research report on Tuesday, April 1st. They set a “hold” rating and a $183.00 price objective for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Installed Building Products presently has an average rating of “Hold” and a consensus target price of $212.45.

Installed Building Products Trading Up 0.9%

Shares of IBP opened at $156.73 on Friday. The stock’s 50-day moving average price is $166.59 and its 200 day moving average price is $182.69. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 17.41 and a beta of 1.85. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month high of $281.04.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings data on Thursday, May 8th. The construction company reported $2.08 earnings per share for the quarter, missing the consensus estimate of $2.23 by ($0.15). The firm had revenue of $684.80 million for the quarter, compared to analyst estimates of $681.34 million. Installed Building Products had a return on equity of 43.56% and a net margin of 8.74%. Installed Building Products’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.47 EPS. As a group, research analysts predict that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

Installed Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.94%. The ex-dividend date is Friday, June 13th. Installed Building Products’s dividend payout ratio (DPR) is presently 16.88%.

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.