Boston Trust Walden Corp Lowers Holdings in Installed Building Products, Inc. (NYSE:IBP)

Boston Trust Walden Corp lessened its stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 134,005 shares of the construction company's stock after selling 3,014 shares during the period. Boston Trust Walden Corp owned 0.47% of Installed Building Products worth $33,001,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC acquired a new position in shares of Installed Building Products during the first quarter valued at approximately $29,000. V Square Quantitative Management LLC acquired a new position in Installed Building Products in the 3rd quarter valued at $29,000. CWM LLC lifted its holdings in 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 purchasing an additional 62 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Installed Building Products during the 1st quarter worth $68,000. Finally, GAMMA Investing LLC grew its holdings in shares of Installed Building Products by 41.7% during the third quarter. GAMMA Investing LLC now owns 649 shares of the construction company's stock worth $160,000 after buying an additional 191 shares in the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Installed Building Products Trading Down 0.1 %

Shares of Installed Building Products stock traded down $0.18 during trading hours on Friday, hitting $230.44. The company's stock had a trading volume of 204,094 shares, compared to its average volume of 213,271. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 26.07 and a beta of 1.94. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.59 and a current ratio of 3.08. Installed Building Products, Inc. has a twelve month low of $106.92 and a twelve month high of $281.04. The firm has a fifty day moving average of $231.00 and a 200-day moving average of $225.90.

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

Installed Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Sunday, September 15th were given a dividend of $0.35 per share. The ex-dividend date was Friday, September 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.61%. Installed Building Products's payout ratio is currently 15.84%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on IBP shares. Royal Bank of Canada boosted their price target on shares of Installed Building Products from $201.00 to $203.00 and gave the stock a "sector perform" rating in a research report on Friday, August 2nd. Truist Financial boosted their target price on Installed Building Products from $235.00 to $240.00 and gave the stock a "hold" rating in a report on Friday, August 2nd. Evercore ISI increased their price target on Installed Building Products from $271.00 to $272.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. Jefferies Financial Group boosted their price objective 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. Finally, Stephens reaffirmed an "equal weight" rating and issued a $240.00 target price on shares of Installed Building Products in a research note on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average 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.