Installed Building Products, Inc. Declares Quarterly Dividend of $0.35 (NYSE:IBP)

Installed Building Products, Inc. (NYSE:IBP - Get Free Report) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Investors of record on Sunday, December 15th will be given a dividend of 0.35 per share by the construction company on Tuesday, December 31st. This represents a $1.40 annualized dividend and a dividend yield of 0.67%. The ex-dividend date is Friday, December 13th.

Installed Building Products has a dividend payout ratio of 11.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Installed Building Products to earn $11.34 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 12.3%.

Installed Building Products Stock Down 3.3 %

Shares of NYSE:IBP traded down $7.10 during midday trading on Friday, hitting $210.17. 577,004 shares of the company's stock traded hands, compared to its average volume of 293,806. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.59 and a current ratio of 3.08. The company has a market cap of $5.93 billion, a PE ratio of 23.83 and a beta of 1.95. The firm's fifty day moving average price is $231.34 and its two-hundred day moving average price is $225.41. Installed Building Products has a twelve month low of $121.83 and a twelve month high of $281.04.

Installed Building Products (NYSE:IBP - Get Free Report) last posted its earnings results on Thursday, November 7th. The construction company reported $2.73 earnings per share for the quarter, missing the consensus estimate of $2.86 by ($0.13). The business had revenue of $760.60 million for the quarter, compared to analyst estimates of $757.91 million. Installed Building Products had a net margin of 8.89% and a return on equity of 44.93%. On average, equities research analysts anticipate that Installed Building Products will post 11 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on IBP shares. Royal Bank of Canada lowered shares of Installed Building Products from a "sector perform" rating to an "underperform" rating and cut their price objective for the stock from $203.00 to $197.00 in a report on Friday. The Goldman Sachs Group boosted their price objective on shares of Installed Building Products from $260.00 to $295.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. StockNews.com lowered shares of Installed Building Products from a "buy" rating to a "hold" rating in a report on Thursday. Stephens reiterated an "equal weight" rating and issued a $240.00 price objective on shares of Installed Building Products in a report on Monday, August 5th. Finally, Jefferies Financial Group boosted their price objective on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $252.30.

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.