Grantham Mayo Van Otterloo & Co. LLC Has $24.63 Million Holdings in Installed Building Products, Inc. $IBP

Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Installed Building Products, Inc. (NYSE:IBP) by 5.1% during the second quarter, Holdings Channel.com reports. The firm owned 136,609 shares of the construction company’s stock after buying an additional 6,646 shares during the period. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Installed Building Products were worth $24,633,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in IBP. Eminence Capital LP acquired a new position in Installed Building Products in the 1st quarter valued at approximately $109,114,000. Timucuan Asset Management Inc. FL acquired a new position in shares of Installed Building Products in the first quarter worth $85,786,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Installed Building Products by 190.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 302,292 shares of the construction company’s stock worth $51,831,000 after acquiring an additional 198,391 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Installed Building Products by 1,897.8% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 177,800 shares of the construction company’s stock worth $32,061,000 after acquiring an additional 168,900 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its position in Installed Building Products by 11.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 593,496 shares of the construction company’s stock valued at $107,019,000 after purchasing an additional 63,315 shares during the last quarter. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Installed Building Products Trading Down 1.1%

Shares of IBP stock opened at $268.02 on Friday. Installed Building Products, Inc. has a 12 month low of $150.83 and a 12 month high of $280.00. The company has a quick ratio of 2.31, a current ratio of 2.85 and a debt-to-equity ratio of 1.27. The business’s 50 day moving average is $253.81 and its two-hundred day moving average is $225.03. The company has a market cap of $7.27 billion, a PE ratio of 29.81 and a beta of 1.81.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings data on Wednesday, November 5th. The construction company reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.49. The business had revenue of $778.20 million during the quarter, compared to analysts’ expectations of $751.98 million. Installed Building Products had a net margin of 8.45% and a return on equity of 60.27%. Installed Building Products’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.85 earnings per share. Equities analysts predict that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, December 15th. Installed Building Products’s dividend payout ratio (DPR) is currently 15.93%.

Analyst Upgrades and Downgrades

IBP has been the topic of several research reports. Zacks Research raised Installed Building Products from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 14th. Jefferies Financial Group raised their price objective on shares of Installed Building Products from $175.00 to $225.00 and gave the company a “hold” rating in a research report on Tuesday, August 12th. Loop Capital cut shares of Installed Building Products from a “buy” rating to a “hold” rating and set a $255.00 target price for the company. in a research note on Friday, August 8th. Royal Bank Of Canada increased their price target on shares of Installed Building Products from $184.00 to $203.00 and gave the stock an “underperform” rating in a research note on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Installed Building Products in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $222.80.

Insider Activity at Installed Building Products

In related news, insider William Jeffrey Hire sold 5,000 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $251.63, for a total transaction of $1,258,150.00. Following the completion of the transaction, the insider owned 32,999 shares of the company’s stock, valued at approximately $8,303,538.37. The trade was a 13.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 16.20% of the company’s stock.

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.