Moody Aldrich Partners LLC Buys Shares of 16,161 Installed Building Products, Inc. (NYSE:IBP)

Moody Aldrich Partners LLC acquired a new position in Installed Building Products, Inc. (NYSE:IBP) in the 3rd quarter, HoldingsChannel reports. The fund acquired 16,161 shares of the construction company’s stock, valued at approximately $3,980,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Installed Building Products by 0.7% during the first quarter. Vanguard Group Inc. now owns 2,641,445 shares of the construction company’s stock valued at $683,421,000 after buying an additional 18,890 shares during the period. Duality Advisers LP grew its stake in shares of Installed Building Products by 32.2% in the first quarter. Duality Advisers LP now owns 13,899 shares of the construction company’s stock worth $3,596,000 after purchasing an additional 3,389 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in Installed Building Products in the first quarter worth $564,000. Swedbank AB increased its position in shares of Installed Building Products by 11.6% during the second 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 during the period. Finally, Blue Trust Inc. raised its position 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 worth $784,000 after acquiring an additional 3,125 shares in the last quarter. Institutional investors own 99.61% of the company’s stock.

Installed Building Products Price Performance

Shares of IBP traded up $4.57 during mid-day trading on Thursday, hitting $231.65. 22,477 shares of the stock were exchanged, compared to its average volume of 287,402. The company has a market cap of $6.59 billion, a PE ratio of 25.67 and a beta of 1.94. The firm has a 50-day moving average of $230.14 and a two-hundred day moving average of $226.34. 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 52-week low of $106.01 and a 52-week high of $281.04.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings results on Thursday, August 1st. The construction company reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.13. The company had revenue of $737.60 million during the quarter, compared to the consensus estimate of $743.86 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 11.06 earnings per share for the current year.

Installed Building Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Sunday, September 15th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.60%. The ex-dividend date was Friday, September 13th. Installed Building Products’s payout ratio is presently 15.84%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on IBP shares. Jefferies Financial Group upped their price objective on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. The Goldman Sachs Group raised their price target on shares of Installed Building Products from $260.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 2nd. StockNews.com upgraded Installed Building Products from a “hold” rating to a “buy” rating in a research report on Tuesday. Evercore ISI boosted their price objective on shares of Installed Building Products from $271.00 to $272.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Stephens restated an “equal weight” rating and set 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 given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.