Installed Building Products, Inc. (IBP) to Issue Quarterly Dividend of $0.37 on December 31st

by · The Markets Daily

Installed Building Products, Inc. (NYSE:IBP – Get Free Report) declared a quarterly dividend on Wednesday, October 29th. Investors of record on Monday, December 15th will be paid a dividend of 0.37 per share by the construction company on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, December 15th.

Installed Building Products has a dividend payout ratio of 14.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Installed Building Products to earn $11.02 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 13.4%.

Installed Building Products Stock Down 4.1%

NYSE IBP traded down $11.81 during trading on Friday, hitting $273.27. The company’s stock had a trading volume of 315,541 shares, compared to its average volume of 299,796. Installed Building Products has a fifty-two week low of $150.83 and a fifty-two week high of $293.53. The company has a market cap of $7.41 billion, a PE ratio of 29.42, a P/E/G ratio of 5.24 and a beta of 1.90. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.78 and a quick ratio of 2.28. The business’s 50 day simple moving average is $258.16 and its 200-day simple moving average is $232.69.

Installed Building Products (NYSE:IBP – Get Free Report) last posted its quarterly earnings results on Wednesday, November 5th. The construction company reported $3.18 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.49. Installed Building Products had a return on equity of 62.74% and a net margin of 8.60%.The business had revenue of $778.20 million for the quarter, compared to the consensus estimate of $751.98 million. During the same quarter in the previous year, the business earned $2.85 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities analysts anticipate that Installed Building Products will post 10.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other Installed Building Products news, Director Michael H. Thomas sold 2,001 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total transaction of $536,828.28. Following the transaction, the director owned 8,373 shares of the company’s stock, valued at approximately $2,246,308.44. The trade was a 19.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider William Jeffrey Hire sold 5,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $251.63, for a total value of $1,258,150.00. Following the completion of the sale, the insider directly owned 32,999 shares of the company’s stock, valued at $8,303,538.37. This trade represents a 13.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 16.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Installed Building Products

A number of institutional investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Installed Building Products by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,671,315 shares of the construction company’s stock worth $458,024,000 after acquiring an additional 34,512 shares in the last quarter. Eminence Capital LP lifted its position in shares of Installed Building Products by 48.5% during the second quarter. Eminence Capital LP now owns 945,101 shares of the construction company’s stock worth $170,421,000 after purchasing an additional 308,717 shares in the last quarter. Timucuan Asset Management Inc. FL grew its holdings in shares of Installed Building Products by 73.2% in the second quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company’s stock valued at $156,261,000 after purchasing an additional 366,250 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Installed Building Products by 11.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 593,496 shares of the construction company’s stock worth $107,019,000 after buying an additional 63,315 shares during the period. Finally, Giverny Capital Inc. lifted its holdings in Installed Building Products by 1.3% during the 2nd quarter. Giverny Capital Inc. now owns 514,459 shares of the construction company’s stock worth $92,767,000 after buying an additional 6,386 shares in the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Installed Building Products Company Profile

(Get Free Report)

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.

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