Natixis Advisors LLC Reduces Stock Position in Installed Building Products, Inc. (NYSE:IBP)

Natixis Advisors LLC reduced its holdings in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 17.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 69,801 shares of the construction company's stock after selling 14,717 shares during the quarter. Natixis Advisors LLC owned 0.25% of Installed Building Products worth $14,357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of IBP. Allspring Global Investments Holdings LLC purchased a new stake in shares of Installed Building Products during the 1st quarter valued at about $29,000. Russell Investments Group Ltd. lifted its holdings in shares of Installed Building Products by 280.6% during the 4th quarter. Russell Investments Group Ltd. now owns 137 shares of the construction company's stock valued at $25,000 after buying an additional 101 shares during the period. NBC Securities Inc. bought a new position in shares of Installed Building Products during the 4th quarter valued at $25,000. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Installed Building Products in the 4th quarter worth $32,000. Finally, Quarry LP grew its holdings in shares of Installed Building Products by 37.5% in the fourth quarter. Quarry LP now owns 209 shares of the construction company's stock worth $38,000 after acquiring an additional 57 shares during the period. 99.61% of the stock is owned by hedge funds and other institutional investors.

Installed Building Products Price Performance

IBP traded down $3.94 during trading on Thursday, reaching $205.34. 185,263 shares of the company traded hands, compared to its average volume of 296,468. Installed Building Products, Inc. has a 12-month low of $106.01 and a 12-month high of $281.04. The firm has a fifty day simple moving average of $224.01 and a 200 day simple moving average of $227.84. 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 $5.84 billion, a P/E ratio of 23.23 and a beta of 1.93.

Installed Building Products (NYSE:IBP - Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The construction company reported $2.90 EPS for the quarter, beating the consensus estimate of $2.77 by $0.13. Installed Building Products had a net margin of 8.89% and a return on equity of 44.93%. The business had revenue of $737.60 million during the quarter, compared to the consensus estimate of $743.86 million. On average, equities analysts forecast that Installed Building Products, Inc. will post 11.14 EPS for the current year.

Installed Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Sunday, September 15th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Friday, September 13th. Installed Building Products's payout ratio is 15.84%.

Analysts Set New Price Targets

IBP has been the topic of several research reports. Loop Capital raised their target price on Installed Building Products from $250.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, May 10th. 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. The Goldman Sachs Group raised their price objective on Installed Building Products from $260.00 to $295.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Royal Bank of Canada lifted their price objective on Installed Building Products from $201.00 to $203.00 and gave the company a "sector perform" rating in a research report on Friday, August 2nd. Finally, Jefferies Financial Group increased their target price on shares of Installed Building Products from $239.00 to $250.00 and gave the stock a "hold" rating in a report on Wednesday, July 17th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $255.20.

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.