Installed Building Products, Inc. (NYSE:IBP) Declares $0.39 Quarterly Dividend

Installed Building Products, Inc. (NYSE:IBP) declared a quarterly dividend on Thursday, May 7th. Stockholders 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 dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, June 15th.

Installed Building Products has a payout ratio of 15.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Installed Building Products to earn $11.47 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 13.6%.

Installed Building Products Price Performance

Shares of IBP stock traded down $81.97 on Thursday, reaching $217.50. The company’s stock had a trading volume of 1,790,232 shares, compared to its average volume of 355,674. The company has a market capitalization of $5.86 billion, a P/E ratio of 22.35, a PEG ratio of 3.91 and a beta of 1.84. The company has a quick ratio of 2.44, a current ratio of 3.03 and a debt-to-equity ratio of 1.20. The stock’s 50 day simple moving average is $289.25 and its 200-day simple moving average is $283.47. Installed Building Products has a 12-month low of $150.83 and a 12-month high of $349.00.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings data on Thursday, May 7th. The construction company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.17). The company had revenue of $660.50 million during the quarter, compared to the consensus estimate of $668.92 million. Installed Building Products had a return on equity of 43.71% and a net margin of 8.93%.The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the company posted $2.08 earnings per share. As a group, equities analysts predict that Installed Building Products will post 10.81 earnings per share for the current fiscal year.

Insider Activity at Installed Building Products

In other Installed Building Products news, Director Janet E. Jackson sold 1,410 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $293.31, for a total transaction of $413,567.10. Following the sale, the director directly owned 5,373 shares in the company, valued at approximately $1,575,954.63. This trade represents a 20.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey W. Edwards sold 400,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $314.06, for a total transaction of $125,624,000.00. Following the transaction, the chief executive officer directly owned 1,727,819 shares of the company’s stock, valued at $542,638,835.14. The trade was a 18.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 13.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of IBP. Price T Rowe Associates Inc. MD increased its position 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 valued at $402,356,000 after purchasing an additional 328,725 shares during the last quarter. Giverny Capital Inc. grew its position in shares of Installed Building Products by 0.9% during the fourth quarter. Giverny Capital Inc. now owns 519,236 shares of the construction company’s stock valued at $134,685,000 after purchasing an additional 4,500 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Installed Building Products by 0.3% in the 4th quarter. First Trust Advisors LP now owns 400,748 shares of the construction company’s stock worth $103,950,000 after buying an additional 1,238 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Installed Building Products by 52.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 355,211 shares of the construction company’s stock valued at $92,138,000 after purchasing an additional 122,561 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Installed Building Products by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 350,996 shares of the construction company’s stock valued at $91,045,000 after purchasing an additional 5,384 shares during the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

About Installed Building Products

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.