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

Installed Building Products, Inc. (NYSE:IBP) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.39 per share by the construction company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, September 15th.

Installed Building Products has a dividend payout ratio of 15.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Installed Building Products to earn $10.69 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 14.6%.

Installed Building Products Price Performance

IBP stock opened at $241.83 on Friday. The company has a market capitalization of $6.52 billion, a P/E ratio of 25.78, a PEG ratio of 5.79 and a beta of 1.70. Installed Building Products has a twelve month low of $193.11 and a twelve month high of $349.00. The business has a 50 day simple moving average of $220.32 and a 200-day simple moving average of $261.05. 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 (NYSE:IBP) last announced its earnings results on Thursday, August 6th. The construction company reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.36. Installed Building Products had a net margin of 8.65% and a return on equity of 42.28%. The business had revenue of $777.80 million for the quarter, compared to analysts’ expectations of $743.33 million. During the same period in the previous year, the company posted $2.95 EPS. The company’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, equities analysts anticipate that Installed Building Products will post 9.57 EPS for the current year.

Insider Activity

In other news, COO Brad A. Wheeler bought 716 shares of Installed Building Products stock in a transaction dated Monday, May 11th. The stock was bought at an average price of $209.13 per share, for a total transaction of $149,737.08. Following the purchase, the chief operating officer owned 14,988 shares of the company’s stock, valued at approximately $3,134,440.44. The trade was a 5.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Michael Thomas Miller bought 2,400 shares of the stock in a transaction dated Monday, May 11th. The stock was purchased at an average cost of $207.82 per share, for a total transaction of $498,768.00. Following the acquisition, the chief financial officer owned 33,219 shares of the company’s stock, valued at approximately $6,903,572.58. This represents a 7.79% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 5,036 shares of company stock worth $1,042,807 in the last 90 days. Corporate insiders own 13.80% of the company’s stock.

Institutional Investors Weigh In On Installed Building Products

A number of institutional investors have recently added to or reduced their stakes in IBP. Price T Rowe Associates Inc. MD raised its stake in shares of Installed Building Products by 26.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,551,161 shares of the construction company’s stock worth $402,356,000 after buying an additional 328,725 shares in the last quarter. Giverny Capital Inc. boosted its stake in shares of Installed Building Products by 0.9% in the fourth quarter. Giverny Capital Inc. now owns 519,236 shares of the construction company’s stock valued at $134,685,000 after buying an additional 4,500 shares in the last quarter. First Trust Advisors LP grew its holdings in Installed Building Products by 0.3% during the fourth quarter. First Trust Advisors LP now owns 400,748 shares of the construction company’s stock worth $103,950,000 after acquiring an additional 1,238 shares during the period. Goldman Sachs Group Inc. grew its holdings in Installed Building Products by 52.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 355,211 shares of the construction company’s stock worth $92,138,000 after acquiring an additional 122,561 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Installed Building Products by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 350,996 shares of the construction company’s stock worth $91,045,000 after acquiring an additional 5,384 shares in the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

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.