Installed Building Products, Inc. (NYSE:IBP) Shares Acquired by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. boosted its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 185.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 120 shares of the construction company’s stock after acquiring an additional 78 shares during the period. GHP Investment Advisors Inc.’s holdings in Installed Building Products were worth $30,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Diversified Trust Co raised its position in shares of Installed Building Products by 2.3% in the second quarter. Diversified Trust Co now owns 2,021 shares of the construction company’s stock valued at $416,000 after buying an additional 46 shares during the last quarter. CWM LLC grew its stake in Installed Building Products by 32.1% in the 2nd quarter. CWM LLC now owns 255 shares of the construction company’s stock worth $52,000 after acquiring an additional 62 shares during the period. Arkadios Wealth Advisors raised its holdings in Installed Building Products by 2.5% in the 2nd quarter. Arkadios Wealth Advisors now owns 2,545 shares of the construction company’s stock valued at $523,000 after acquiring an additional 63 shares during the last quarter. Xponance Inc. grew its position in shares of Installed Building Products by 5.3% in the second quarter. Xponance Inc. now owns 1,519 shares of the construction company’s stock valued at $312,000 after purchasing an additional 76 shares during the period. Finally, NBC Securities Inc. increased its stake in Installed Building Products by 6.4% in the third quarter. NBC Securities Inc. now owns 1,784 shares of the construction company’s stock valued at $439,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Stock Up 1.9 %

Shares of NYSE IBP opened at $234.71 on Tuesday. The stock has a fifty day moving average price of $231.00 and a 200 day moving average price of $225.90. The company has a current ratio of 3.08, a quick ratio of 2.59 and a debt-to-equity ratio of 1.24. Installed Building Products, Inc. has a 12-month low of $108.57 and a 12-month high of $281.04. The company has a market cap of $6.68 billion, a P/E ratio of 26.55 and a beta of 1.94.

Installed Building Products (NYSE:IBP) last released its quarterly earnings results on Thursday, August 1st. The construction company reported $2.90 EPS for the quarter, topping the consensus estimate of $2.77 by $0.13. Installed Building Products had a return on equity of 44.93% and a net margin of 8.89%. The firm had revenue of $737.60 million for the quarter, compared to analyst estimates of $743.86 million. Research analysts anticipate that Installed Building Products, Inc. will post 11.06 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Sunday, September 15th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.60%. The ex-dividend date was Friday, September 13th. Installed Building Products’s dividend payout ratio (DPR) is 15.84%.

Analyst Ratings Changes

A number of analysts have issued reports on IBP shares. Jefferies Financial Group raised their price target on Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. StockNews.com upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. The Goldman Sachs Group increased their price target on shares of Installed Building Products from $260.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Evercore ISI boosted their price objective on shares of Installed Building Products from $271.00 to $272.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Truist Financial upped their price objective on Installed Building Products from $235.00 to $240.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $254.40.

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.