Installed Building Products (IBP) Declares $0.35 Dividend
Installed Building Products said on February 22, 2024 that its board of directors declared a regular quarterly dividend of $0.35 per share ($1.40 annualized). Previously, the company paid $0.33 per share.
Shares must be purchased before the ex-div date of March 14, 2024 to qualify for the dividend. Shareholders of record as of March 15, 2024 will receive the payment on March 31, 2024.
At the current share price of $234.09 / share, the stock's dividend yield is 0.60%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.66%, the lowest has been 0.86%, and the highest has been 3.83%. The standard deviation of yields is 0.61 (n=234).
The current dividend yield is 1.76 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.35. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
- Read the Ultimate Guide to Dividend Harvesting.
The company's 3-Year dividend growth rate is 1.50%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 668 funds or institutions reporting positions in Installed Building Products. This is an increase of 55 owner(s) or 8.97% in the last quarter. Average portfolio weight of all funds dedicated to IBP is 0.23%, an increase of 4.85%. Total shares owned by institutions increased in the last three months by 1.85% to 28,570K shares. 
The put/call ratio of IBP is 1.13, indicating a bearish outlook.
Analyst Price Forecast Suggests 12.35% Downside
As of February 24, 2024, the average one-year price target for Installed Building Products is 205.19. The forecasts range from a low of 136.35 to a high of $273.00. The average price target represents a decrease of 12.35% from its latest reported closing price of 234.09.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Installed Building Products is 2,598MM, a decrease of 6.50%. The projected annual non-GAAP EPS is 8.19.
What are Other Shareholders Doing?
IJR - iShares Core S&P Small-Cap ETF holds 1,593K shares representing 5.64% ownership of the company. In it's prior filing, the firm reported owning 1,633K shares, representing a decrease of 2.56%. The firm decreased its portfolio allocation in IBP by 9.86% over the last quarter.
Bamco holds 916K shares representing 3.24% ownership of the company. In it's prior filing, the firm reported owning 1,011K shares, representing a decrease of 10.36%. The firm increased its portfolio allocation in IBP by 21.58% over the last quarter.
BSCFX - BARON SMALL CAP FUND holds 800K shares representing 2.83% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 737K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 773K shares, representing a decrease of 4.88%. The firm decreased its portfolio allocation in IBP by 11.82% over the last quarter.
Fuller & Thaler Asset Management holds 654K shares representing 2.32% ownership of the company. In it's prior filing, the firm reported owning 655K shares, representing a decrease of 0.19%. The firm increased its portfolio allocation in IBP by 28.72% over the last quarter.
Installed Building Products Background Information
(This description is provided by the company.)
Installed Building Products, Inc. is one of the nation's largest new residential insulation installers and is a diversified installer of complementary building products, including waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors and other products for residential and commercial builders located in the continental United States. The Company manages all aspects of the installation process for its customers, from direct purchase and receipt of materials from national manufacturers to its timely supply of materials to job sites and quality installation. The Company offers its portfolio of services for new and existing single-family and multi-family residential and commercial building projects from its national network of over 190 branch locations.
Additional reading:
- INSTALLED BUILDING PRODUCTS REPORTS RECORD FOURTH QUARTER AND FISCAL YEAR 2023 RESULTS
- List of Subsidiaries of Installed Building Products, Inc.
- Installed Building Products Mandatory Recoupment Policy, adopted as of November 7, 2023
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