Captrust Financial Advisors Increases Stock Holdings in Installed Building Products, Inc. (NYSE:IBP)

Captrust Financial Advisors boosted its position in Installed Building Products, Inc. (NYSE:IBP) by 9.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,418 shares of the construction company’s stock after purchasing an additional 532 shares during the period. Captrust Financial Advisors’ holdings in Installed Building Products were worth $1,125,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of IBP. Curio Wealth LLC purchased a new position in Installed Building Products in the fourth quarter worth about $30,000. Smartleaf Asset Management LLC raised its stake in shares of Installed Building Products by 295.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company’s stock worth $64,000 after buying an additional 272 shares during the period. Headlands Technologies LLC raised its stake in shares of Installed Building Products by 819.0% in the fourth quarter. Headlands Technologies LLC now owns 726 shares of the construction company’s stock worth $127,000 after buying an additional 647 shares during the period. Principal Securities Inc. raised its stake in shares of Installed Building Products by 20.0% in the fourth quarter. Principal Securities Inc. now owns 1,118 shares of the construction company’s stock worth $196,000 after buying an additional 186 shares during the period. Finally, MGO One Seven LLC bought a new position in shares of Installed Building Products in the fourth quarter worth about $205,000. 99.61% of the stock is owned by hedge funds and other institutional investors.

Installed Building Products Stock Performance

Shares of IBP stock opened at $162.82 on Thursday. The company has a market capitalization of $4.50 billion, a P/E ratio of 18.09 and a beta of 1.85. The business’s 50 day moving average is $168.38 and its two-hundred day moving average is $185.71. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. Installed Building Products, Inc. has a 12-month low of $151.27 and a 12-month high of $281.04.

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

Installed Building Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.48 annualized dividend and a dividend yield of 0.91%. Installed Building Products’s dividend payout ratio is presently 16.88%.

Analyst Upgrades and Downgrades

IBP has been the topic of several recent research reports. DA Davidson decreased their price objective on Installed Building Products from $260.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. StockNews.com downgraded Installed Building Products from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Truist Financial decreased their target price on Installed Building Products from $240.00 to $180.00 and set a “hold” rating on the stock in a research note on Monday, March 3rd. Loop Capital decreased their target price on Installed Building Products from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Benchmark decreased their target price on Installed Building Products from $210.00 to $185.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Installed Building Products presently has an average rating of “Hold” and an average target price of $212.45.

Installed Building Products Company 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.