Installed Building Products, Inc. (NYSE:IBP) Shareholders Set to Receive $0.39 Quarterly Dividend

Installed Building Products, Inc. (NYSE:IBP) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Tuesday, December 15th will be paid a dividend of $0.39 per share by the construction company on Thursday, December 31st. This represents a $1.56 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, December 15th.

Installed Building Products has a payout ratio of 15.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Installed Building Products to earn $10.54 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 14.8%.

Installed Building Products Price Performance

Shares of NYSE:IBP traded down $14.19 during trading on Thursday, reaching $221.23. 952,559 shares of the company traded hands, compared to its average volume of 404,368. The company’s 50 day moving average is $205.48 and its two-hundred day moving average is $246.23. The firm has a market capitalization of $5.88 billion, a PE ratio of 23.81, a PEG ratio of 8.44 and a beta of 1.65. The company has a quick ratio of 2.41, a current ratio of 2.98 and a debt-to-equity ratio of 1.62. Installed Building Products has a 52 week low of $176.15 and a 52 week high of $349.00.

Installed Building Products (NYSE:IBP) last released its earnings results on Thursday, November 5th. The construction company reported $2.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.07). Installed Building Products had a return on equity of 42.12% and a net margin of 8.46%. The company had revenue of $808.40 million for the quarter, compared to analyst estimates of $787.70 million. During the same period last year, the company posted $3.18 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, sell-side analysts predict that Installed Building Products will post 9.75 earnings per share for the current year.

Installed Building Products Company Profile

Installed Building Products, Inc (NYSE: IBP) is a residential and commercial building-services company that provides installation services for insulation and other construction products. The company serves homebuilders, contractors, remodelers and other customers through a network of specialized installation businesses.

Its primary offerings include fiberglass, spray foam and blown-in insulation, as well as the installation of garage doors, gutters, fireplaces, shower enclosures, closet systems and other complementary building products.