Lisanti Capital Growth LLC acquired a new stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 20,680 shares of the construction company's stock, valued at approximately $5,093,000. Installed Building Products comprises approximately 1.3% of Lisanti Capital Growth LLC's holdings, making the stock its 25th biggest holding. Lisanti Capital Growth LLC owned about 0.07% of Installed Building Products as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBP. Allspring Global Investments Holdings LLC purchased a new position in Installed Building Products during the first quarter worth approximately $29,000. V Square Quantitative Management LLC acquired a new stake in shares of Installed Building Products in the third quarter valued at $29,000. GHP Investment Advisors Inc. lifted its position in shares of Installed Building Products by 185.7% during the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company's stock worth $30,000 after purchasing an additional 78 shares during the last quarter. CWM LLC grew its position in shares of Installed Building Products by 32.1% in the 2nd quarter. CWM LLC now owns 255 shares of the construction company's stock valued at $52,000 after buying an additional 62 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Installed Building Products during the first quarter worth about $68,000. Institutional investors and hedge funds own 99.61% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on IBP. The Goldman Sachs Group increased their price objective on Installed Building Products from $260.00 to $295.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Stephens reissued an "equal weight" rating and set a $240.00 price target on shares of Installed Building Products in a report on Monday, August 5th. DA Davidson reduced their price objective on Installed Building Products from $275.00 to $260.00 and set a "buy" rating for the company in a research note on Friday. Evercore ISI upped their price target on Installed Building Products from $271.00 to $272.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Finally, StockNews.com downgraded shares of Installed Building Products from a "buy" rating to a "hold" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $252.30.
View Our Latest Analysis on IBP
Installed Building Products Price Performance
Shares of IBP traded up $1.06 during trading hours on Monday, hitting $211.32. The stock had a trading volume of 222,872 shares, compared to its average volume of 293,482. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 23.36 and a beta of 1.95. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.59. The company's fifty day moving average is $231.09 and its two-hundred day moving average is $225.16. Installed Building Products, Inc. has a 52 week low of $124.01 and a 52 week high of $281.04.
Installed Building Products (NYSE:IBP - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The construction company reported $2.73 earnings per share for the quarter, missing analysts' consensus estimates of $2.86 by ($0.13). Installed Building Products had a net margin of 8.74% and a return on equity of 43.56%. The business had revenue of $760.60 million for the quarter, compared to analyst estimates of $757.91 million. On average, analysts anticipate that Installed Building Products, Inc. will post 10.97 EPS for the current year.
Installed Building Products Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Friday, December 13th. Installed Building Products's dividend payout ratio (DPR) is presently 15.56%.
Installed Building Products Profile
(
Free Report)
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.
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