Van ECK Associates Corp Purchases 4,562 Shares of Installed Building Products, Inc. (NYSE:IBP)

Van ECK Associates Corp boosted its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 26.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,736 shares of the construction company's stock after buying an additional 4,562 shares during the period. Van ECK Associates Corp owned approximately 0.08% of Installed Building Products worth $4,936,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Installed Building Products by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 2,641,445 shares of the construction company's stock valued at $683,421,000 after acquiring an additional 18,890 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of Installed Building Products in the 1st quarter worth about $564,000. Swedbank AB raised its position in shares of Installed Building Products by 11.6% during the 2nd quarter. Swedbank AB now owns 415,000 shares of the construction company's stock valued at $85,357,000 after buying an additional 43,000 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Installed Building Products by 456.2% in the 2nd quarter. Blue Trust Inc. now owns 3,810 shares of the construction company's stock valued at $784,000 after acquiring an additional 3,125 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Installed Building Products by 1,328.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 197,526 shares of the construction company's stock worth $51,107,000 after acquiring an additional 183,696 shares in the last quarter. Hedge funds and other institutional investors own 99.61% of the company's stock.

Installed Building Products Trading Down 3.2 %

IBP stock traded down $7.01 during mid-day trading on Friday, reaching $210.26. The company had a trading volume of 577,004 shares, compared to its average volume of 294,807. The company has a market capitalization of $5.94 billion, a PE ratio of 23.47 and a beta of 1.95. The firm has a 50 day moving average of $231.09 and a 200 day moving average of $225.23. Installed Building Products, Inc. has a 12 month low of $121.83 and a 12 month high of $281.04. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.08 and a quick ratio of 2.59.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its quarterly earnings data on Thursday, November 7th. The construction company reported $2.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.86 by ($0.13). The firm had revenue of $760.60 million during the quarter, compared to the consensus estimate of $757.91 million. Installed Building Products had a return on equity of 44.93% and a net margin of 8.89%. On average, equities analysts predict that Installed Building Products, Inc. will post 11 earnings per share for the current fiscal 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 given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Friday, December 13th. Installed Building Products's payout ratio is 15.63%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on IBP shares. Royal Bank of Canada lowered Installed Building Products from a "sector perform" rating to an "underperform" rating and lowered their price objective for the company from $203.00 to $197.00 in a research note 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 company a "buy" rating in a research 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. Evercore ISI lifted their price target on shares of 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, Jefferies Financial Group increased their price objective on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. One 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. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target 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.