Installed Building Products, Inc. (NYSE:IBP) Short Interest Up 5.1% in August

Installed Building Products, Inc. (NYSE:IBP) was the target of a significant increase in short interest during the month of August. As of August 15th, there was short interest totalling 1,640,000 shares, an increase of 5.1% from the July 31st total of 1,560,000 shares. Based on an average trading volume of 343,200 shares, the short-interest ratio is currently 4.8 days. Approximately 6.9% of the shares of the company are short sold.

Institutional Trading of Installed Building Products

Large investors have recently made changes to their positions in the business. Diversified Trust Co lifted its position in Installed Building Products by 2.3% during the 2nd quarter. Diversified Trust Co now owns 2,021 shares of the construction company’s stock worth $416,000 after buying an additional 46 shares in the last quarter. Quarry LP grew its stake in shares of Installed Building Products by 37.5% during the fourth quarter. Quarry LP now owns 209 shares of the construction company’s stock valued at $38,000 after purchasing an additional 57 shares during the last quarter. CWM LLC increased its holdings in shares of Installed Building Products by 32.1% in 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 in the last quarter. Arkadios Wealth Advisors raised its position in Installed Building Products by 2.5% in the 2nd quarter. Arkadios Wealth Advisors now owns 2,545 shares of the construction company’s stock worth $523,000 after purchasing an additional 63 shares during the last quarter. Finally, Xponance Inc. lifted its holdings in Installed Building Products by 5.3% during the 2nd quarter. Xponance Inc. now owns 1,519 shares of the construction company’s stock worth $312,000 after buying an additional 76 shares in the last quarter. Institutional investors own 99.61% of the company’s stock.

Installed Building Products Stock Up 0.2 %

Shares of NYSE:IBP opened at $209.27 on Thursday. The company has a market capitalization of $5.95 billion, a PE ratio of 23.67 and a beta of 1.93. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.59 and a current ratio of 3.08. The company’s fifty day moving average is $224.01 and its 200-day moving average is $227.84. Installed Building Products has a 52 week low of $106.01 and a 52 week high of $281.04.

Installed Building Products (NYSE:IBP) last released its quarterly earnings results on Thursday, August 1st. The construction company reported $2.90 EPS for the quarter, beating analysts’ consensus estimates of $2.77 by $0.13. The firm had revenue of $737.60 million for the quarter, compared to analyst estimates of $743.86 million. Installed Building Products had a net margin of 8.89% and a return on equity of 44.93%. Equities research analysts predict that Installed Building Products will post 11.14 earnings per share for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Sunday, September 15th will be given a $0.35 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.40 annualized dividend and a yield of 0.67%. Installed Building Products’s payout ratio is 15.84%.

Wall Street Analyst Weigh In

IBP has been the topic of several research reports. Benchmark boosted their price objective on shares of Installed Building Products from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, May 14th. Evercore ISI upped their price target on Installed Building Products from $274.00 to $282.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Loop Capital lifted their price objective on Installed Building Products from $250.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, May 10th. JPMorgan Chase & Co. cut their target price on Installed Building Products from $242.00 to $227.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Finally, Truist Financial lifted their price target on shares of Installed Building Products from $235.00 to $240.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $255.20.

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.