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

Installed Building Products, Inc. (NYSE:IBP) announced a quarterly dividend on Thursday, August 6th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.39 per share by the construction company on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 15th.

Installed Building Products has a dividend payout ratio of 15.1% meaning its dividend is sufficiently covered by earnings. 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

Shares of Installed Building Products stock traded up $0.32 during trading on Thursday, reaching $241.83. The company’s stock had a trading volume of 588,745 shares, compared to its average volume of 406,728. The company has a quick ratio of 2.76, a current ratio of 3.35 and a debt-to-equity ratio of 1.56. Installed Building Products has a 12-month low of $193.11 and a 12-month high of $349.00. The company has a market capitalization of $6.51 billion, a P/E ratio of 25.78, a price-to-earnings-growth ratio of 5.70 and a beta of 1.70. The business has a 50 day moving average price of $219.68 and a 200-day moving average price of $261.53.

Installed Building Products (NYSE:IBP) last released its quarterly earnings data on Thursday, August 6th. The construction company reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.36. Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The firm had revenue of $777.80 million during the quarter, compared to analysts’ expectations of $743.33 million. During the same quarter in the prior year, the business posted $2.95 earnings per share. Installed Building Products’s revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Installed Building Products will post 9.57 EPS for the current year.

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.