Leeward Investments LLC MA Sells 4,105 Shares of Installed Building Products, Inc. $IBP

Leeward Investments LLC MA lowered its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 4.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 87,975 shares of the construction company’s stock after selling 4,105 shares during the quarter. Leeward Investments LLC MA’s holdings in Installed Building Products were worth $15,864,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of IBP. Curio Wealth LLC lifted its position in shares of Installed Building Products by 16,800.0% during the 2nd quarter. Curio Wealth LLC now owns 169 shares of the construction company’s stock worth $30,000 after buying an additional 168 shares in the last quarter. SRH Advisors LLC lifted its position in shares of Installed Building Products by 70.8% during the 2nd quarter. SRH Advisors LLC now owns 205 shares of the construction company’s stock worth $37,000 after buying an additional 85 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Installed Building Products by 36.7% in the 1st quarter. Advisors Asset Management Inc. now owns 555 shares of the construction company’s stock worth $95,000 after purchasing an additional 149 shares during the period. Covestor Ltd raised its holdings in shares of Installed Building Products by 92.1% in the 1st quarter. Covestor Ltd now owns 557 shares of the construction company’s stock worth $96,000 after purchasing an additional 267 shares during the period. Finally, CWM LLC raised its holdings in shares of Installed Building Products by 178.7% in the 1st quarter. CWM LLC now owns 588 shares of the construction company’s stock worth $101,000 after purchasing an additional 377 shares during the period. Institutional investors own 99.61% of the company’s stock.

Analyst Upgrades and Downgrades

IBP has been the topic of a number of research reports. DA Davidson cut shares of Installed Building Products from a “buy” rating to a “hold” rating and lifted their price target for the stock from $225.00 to $252.00 in a report on Tuesday, August 12th. Vertical Research initiated coverage on shares of Installed Building Products in a report on Monday, October 20th. They issued a “sell” rating on the stock. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $184.00 price target (up previously from $145.00) on shares of Installed Building Products in a report on Thursday, August 7th. Danske cut shares of Installed Building Products from a “buy” rating to a “hold” rating and set a $252.00 price target on the stock. in a report on Tuesday, August 12th. Finally, Loop Capital lowered shares of Installed Building Products from a “buy” rating to a “hold” rating and set a $255.00 price objective for the company. in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $220.45.

Insider Activity

In other news, Director Janet E. Jackson sold 1,469 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $266.00, for a total value of $390,754.00. Following the transaction, the director owned 6,873 shares of the company’s stock, valued at approximately $1,828,218. This represents a 17.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider William Jeffrey Hire sold 6,500 shares of the company’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $265.71, for a total transaction of $1,727,115.00. Following the completion of the transaction, the insider directly owned 37,999 shares in the company, valued at approximately $10,096,714.29. The trade was a 14.61% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,655 shares of company stock worth $3,123,578. Company insiders own 16.20% of the company’s stock.

Installed Building Products Trading Up 0.0%

Shares of IBP stock opened at $267.43 on Friday. The company’s fifty day simple moving average is $258.90 and its two-hundred day simple moving average is $209.26. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.85 and a quick ratio of 2.31. Installed Building Products, Inc. has a 1 year low of $150.83 and a 1 year high of $280.00. The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of 29.75 and a beta of 1.83.

Installed Building Products (NYSE:IBP) last issued its earnings results on Thursday, August 7th. The construction company reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.50. The business had revenue of $760.30 million for the quarter, compared to analysts’ expectations of $711.37 million. Installed Building Products had a net margin of 8.45% and a return on equity of 60.27%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.84 EPS. As a group, analysts anticipate that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

Installed Building Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.48 annualized dividend and a dividend yield of 0.6%. Installed Building Products’s dividend payout ratio is presently 16.46%.

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.