Installed Building Products, Inc. (IBP) to Issue Quarterly Dividend of $0.39 on June 30th

Installed Building Products, Inc. (NYSE:IBP) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Monday, June 15th will be given a dividend of 0.39 per share by the construction company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, June 15th.

Installed Building Products has a dividend payout ratio of 15.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Installed Building Products to earn $10.49 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 14.9%.

Installed Building Products Trading Down 0.2%

NYSE:IBP opened at $207.09 on Friday. The company has a current ratio of 3.35, a quick ratio of 2.76 and a debt-to-equity ratio of 1.56. Installed Building Products has a 12 month low of $162.56 and a 12 month high of $349.00. The company has a market cap of $5.58 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 5.12 and a beta of 1.71. The company has a 50 day simple moving average of $245.65 and a two-hundred day simple moving average of $274.34.

Installed Building Products (NYSE:IBP) last posted its earnings results on Thursday, May 7th. The construction company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.17). Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The company had revenue of $660.50 million during the quarter, compared to the consensus estimate of $668.92 million. During the same period last year, the firm posted $2.08 EPS. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. Research analysts forecast that Installed Building Products will post 9.62 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on IBP shares. Evercore set a $226.00 target price on shares of Installed Building Products in a research report on Friday, May 8th. Stephens cut their target price on shares of Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Weiss Ratings downgraded shares of Installed Building Products from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Wall Street Zen downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $242.00 target price on shares of Installed Building Products in a research report on Monday, June 1st. One investment analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $247.67.

Installed Building Products Company Profile

Installed Building Products, Inc (NYSE: IBP) is a leading national installer of specialty building products serving the U.S. residential construction market. The company partners with homebuilders and contractors to deliver a comprehensive range of interior and exterior finishing services, including insulation, drywall finishing, protective coatings and basement waterproofing systems. By offering a single-source solution, Installed Building Products helps streamline project coordination and ensures consistent service quality across multiple trades.

Founded in 1977 and headquartered in Columbus, Ohio, Installed Building Products has expanded from a regional insulation installer into a nationwide platform operating in nearly every state.