Thrivent Financial for Lutherans Sells 10,329 Shares of Installed Building Products, Inc. $IBP

Thrivent Financial for Lutherans trimmed its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 8.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 116,222 shares of the construction company’s stock after selling 10,329 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Installed Building Products were worth $28,667,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Timucuan Asset Management Inc. FL lifted its holdings in Installed Building Products by 73.2% in the second quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company’s stock valued at $156,261,000 after acquiring an additional 366,250 shares during the period. Eminence Capital LP grew its stake in shares of Installed Building Products by 48.5% during the 2nd quarter. Eminence Capital LP now owns 945,101 shares of the construction company’s stock valued at $170,421,000 after purchasing an additional 308,717 shares during the period. Orion Porfolio Solutions LLC increased its position in shares of Installed Building Products by 4,659.1% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 171,897 shares of the construction company’s stock valued at $30,996,000 after purchasing an additional 168,285 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Installed Building Products by 84.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 276,690 shares of the construction company’s stock valued at $49,893,000 after purchasing an additional 126,435 shares during the last quarter. Finally, Burgundy Asset Management Ltd. bought a new position in shares of Installed Building Products in the 2nd quarter worth approximately $13,880,000. Institutional investors own 99.61% of the company’s stock.

Analysts Set New Price Targets

IBP has been the subject of a number of research reports. Vertical Research initiated coverage on shares of Installed Building Products in a report on Monday, October 20th. They set a “sell” rating for the company. Jefferies Financial Group upped their price objective on Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a research note on Monday, December 15th. Royal Bank Of Canada raised their target price on Installed Building Products from $184.00 to $203.00 and gave the stock an “underperform” rating in a report on Thursday, November 6th. Wall Street Zen lowered Installed Building Products from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $245.00 price target on shares of Installed Building Products in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and an average price target of $235.36.

Insider Activity at Installed Building Products

In related news, Director Michael H. Thomas sold 2,001 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total value of $536,828.28. Following the transaction, the director directly owned 8,373 shares of the company’s stock, valued at approximately $2,246,308.44. The trade was a 19.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William Jeffrey Hire sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $251.63, for a total value of $1,258,150.00. Following the completion of the transaction, the insider owned 32,999 shares of the company’s stock, valued at $8,303,538.37. The trade was a 13.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 16.20% of the stock is currently owned by company insiders.

Installed Building Products Stock Down 0.3%

IBP opened at $287.32 on Tuesday. The stock has a market cap of $7.79 billion, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 5.32 and a beta of 1.92. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.28 and a current ratio of 2.78. The firm’s fifty day moving average is $279.08 and its 200 day moving average is $259.98. Installed Building Products, Inc. has a fifty-two week low of $150.83 and a fifty-two week high of $317.86.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings results on Wednesday, November 5th. The construction company reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.49. Installed Building Products had a return on equity of 62.74% and a net margin of 8.60%.The business had revenue of $778.20 million for the quarter, compared to analysts’ expectations of $751.98 million. During the same period last year, the firm earned $2.85 earnings per share. The business’s quarterly revenue was up 2.3% on a year-over-year basis. On average, sell-side analysts forecast that Installed Building Products, Inc. will post 10.66 earnings per share for the current fiscal year.

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.