WCM Investment Management LLC Has $24.20 Million Position in Installed Building Products, Inc. $IBP

WCM Investment Management LLC cut its holdings in Installed Building Products, Inc. (NYSE:IBP) by 15.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 97,008 shares of the construction company’s stock after selling 17,068 shares during the period. WCM Investment Management LLC owned 0.36% of Installed Building Products worth $24,199,000 as of its most recent filing with the SEC.

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

Installed Building Products Stock Performance

Shares of NYSE:IBP opened at $287.32 on Tuesday. The business’s fifty day moving average price is $279.08 and its two-hundred day moving average price 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. The stock has a market capitalization 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 current ratio of 2.78 and a quick ratio of 2.28.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings data on Wednesday, November 5th. The construction company reported $3.18 earnings per share (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 company had revenue of $778.20 million during the quarter, compared to analysts’ expectations of $751.98 million. During the same period last year, the business earned $2.85 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. As a group, analysts predict that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Insider Activity

In other Installed Building Products news, insider William Jeffrey Hire sold 5,000 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $251.63, for a total value of $1,258,150.00. Following the transaction, the insider directly owned 32,999 shares in the company, valued at $8,303,538.37. The trade was a 13.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael H. Thomas sold 2,001 shares of the company’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total transaction of $536,828.28. Following the sale, the director directly owned 8,373 shares in the company, valued at $2,246,308.44. This represents a 19.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 16.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on IBP. Zacks Research lowered shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Weiss Ratings cut Installed Building Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 26th. Wells Fargo & Company lifted their price objective on Installed Building Products from $275.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 14th. Royal Bank Of Canada boosted their price objective on Installed Building Products from $184.00 to $203.00 and gave the company an “underperform” rating in a research report on Thursday, November 6th. Finally, Jefferies Financial Group raised their target price on Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a research report on Monday, December 15th. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $235.36.

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.