Duality Advisers LP Acquires 906 Shares of Installed Building Products, Inc. (NYSE:IBP)

Duality Advisers LP raised its holdings in Installed Building Products, Inc. (NYSE:IBP) by 9.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,510 shares of the construction company’s stock after purchasing an additional 906 shares during the period. Duality Advisers LP’s holdings in Installed Building Products were worth $1,921,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Annapolis Financial Services LLC raised its position in shares of Installed Building Products by 45.7% in the 4th quarter. Annapolis Financial Services LLC now owns 169 shares of the construction company’s stock valued at $31,000 after buying an additional 53 shares in the last quarter. McGlone Suttner Wealth Management Inc. acquired a new position in shares of Installed Building Products in the 4th quarter valued at approximately $33,000. Ronald Blue Trust Inc. raised its position in shares of Installed Building Products by 117.2% in the 3rd quarter. Ronald Blue Trust Inc. now owns 530 shares of the construction company’s stock valued at $66,000 after buying an additional 286 shares in the last quarter. Asset Management One Co. Ltd. acquired a new position in shares of Installed Building Products in the 4th quarter valued at approximately $121,000. Finally, CI Investments Inc. acquired a new position in shares of Installed Building Products in the 3rd quarter valued at approximately $141,000. Institutional investors own 99.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. StockNews.com upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. JPMorgan Chase & Co. cut shares of Installed Building Products from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $199.00 to $242.00 in a research report on Wednesday, February 28th. The Goldman Sachs Group reiterated a “buy” rating on shares of Installed Building Products in a research report on Thursday, February 1st. Evercore ISI upped their price objective on shares of Installed Building Products from $226.00 to $272.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Finally, Truist Financial upped their price objective on shares of Installed Building Products from $200.00 to $235.00 and gave the stock a “hold” rating in a research report on Friday, February 23rd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $208.40.

Installed Building Products Trading Up 0.9 %

IBP opened at $223.24 on Tuesday. Installed Building Products, Inc. has a fifty-two week low of $103.50 and a fifty-two week high of $263.76. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.09 and a quick ratio of 2.62. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 25.93 and a beta of 1.89. The company’s 50 day moving average price is $237.70 and its two-hundred day moving average price is $186.39.

Installed Building Products (NYSE:IBP) last posted its earnings results on Thursday, February 22nd. The construction company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.42 by $0.03. Installed Building Products had a net margin of 8.77% and a return on equity of 47.18%. The firm had revenue of $720.70 million for the quarter, compared to analyst estimates of $688.59 million. During the same period in the previous year, the firm posted $2.34 EPS. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, research analysts predict that Installed Building Products, Inc. will post 11.2 earnings per share for the current year.

Installed Building Products Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, March 31st. Stockholders of record on Friday, March 15th were paid a $1.60 dividend. This is a positive change from Installed Building Products’s previous quarterly dividend of $0.33. This represents a $6.40 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Thursday, March 14th. Installed Building Products’s dividend payout ratio is currently 16.26%.

Insider Activity

In related news, CFO Michael Thomas Miller sold 5,000 shares of the stock in a transaction on Monday, March 4th. The shares were sold at an average price of $243.34, for a total transaction of $1,216,700.00. Following the transaction, the chief financial officer now directly owns 38,320 shares of the company’s stock, valued at $9,324,788.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Todd R. Fry sold 500 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $233.50, for a total transaction of $116,750.00. Following the transaction, the chief accounting officer now directly owns 7,176 shares of the company’s stock, valued at $1,675,596. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Michael Thomas Miller sold 5,000 shares of the firm’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $243.34, for a total transaction of $1,216,700.00. Following the transaction, the chief financial officer now directly owns 38,320 shares in the company, valued at $9,324,788.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,619 shares of company stock valued at $1,606,732. 16.50% of the stock is currently owned by insiders.

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.