1,042 Shares in Installed Building Products, Inc. (NYSE:IBP) Bought by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Installed Building Products, Inc. (NYSE:IBP) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,042 shares of the construction company’s stock, valued at approximately $257,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Installed Building Products during the 1st quarter valued at about $29,000. V Square Quantitative Management LLC bought a new stake in Installed Building Products during the third quarter worth approximately $29,000. CWM LLC raised its position in Installed Building Products by 32.1% during the second quarter. CWM LLC now owns 255 shares of the construction company’s stock valued at $52,000 after purchasing an additional 62 shares during the period. Headlands Technologies LLC bought a new stake in shares of Installed Building Products in the 1st quarter valued at approximately $68,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Installed Building Products by 41.7% in the 3rd quarter. GAMMA Investing LLC now owns 649 shares of the construction company’s stock worth $160,000 after purchasing an additional 191 shares during the period. 99.61% of the stock is owned by hedge funds and other institutional investors.

Installed Building Products Stock Performance

Shares of NYSE:IBP opened at $215.33 on Wednesday. The firm’s 50 day simple moving average is $231.48 and its 200-day simple moving average is $225.84. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.59 and a current ratio of 3.08. Installed Building Products, Inc. has a one year low of $108.57 and a one year high of $281.04. The firm has a market cap of $6.13 billion, a PE ratio of 24.36 and a beta of 1.94.

Installed Building Products (NYSE:IBP) last released its quarterly earnings data on Thursday, August 1st. The construction company reported $2.90 EPS for the quarter, topping the consensus estimate of $2.77 by $0.13. Installed Building Products had a return on equity of 44.93% and a net margin of 8.89%. The company had revenue of $737.60 million for the quarter, compared to the consensus estimate of $743.86 million. As a group, equities analysts predict that Installed Building Products, Inc. will post 11.06 EPS for the current year.

Installed Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Sunday, September 15th were issued a $0.35 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.40 annualized dividend and a dividend yield of 0.65%. Installed Building Products’s payout ratio is currently 15.84%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Stephens restated an “equal weight” rating and issued a $240.00 price target on shares of Installed Building Products in a research report on Monday, August 5th. Truist Financial raised their target price on shares of Installed Building Products from $235.00 to $240.00 and gave the stock a “hold” rating in a report on Friday, August 2nd. Jefferies Financial Group upped their price target on shares of Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Evercore ISI increased their price objective on shares of Installed Building Products from $271.00 to $272.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Royal Bank of Canada boosted their target price 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. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Installed Building Products has an average rating of “Hold” and a consensus target price of $254.40.

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.