Installed Building Products (NYSE:IBP) Insider Sells $1,258,150.00 in Stock

Installed Building Products, Inc. (NYSE:IBP) insider William Jeffrey Hire sold 5,000 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $251.63, for a total transaction of $1,258,150.00. Following the transaction, the insider directly owned 32,999 shares in the company, valued at approximately $8,303,538.37. This represents a 13.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

William Jeffrey Hire also recently made the following trade(s):

• On Thursday, August 14th, William Jeffrey Hire sold 6,500 shares of Installed Building Products stock. The shares were sold at an average price of $265.71, for a total transaction of $1,727,115.00.

Installed Building Products Trading Down 0.2%

Shares of IBP stock traded down $0.48 on Monday, reaching $257.28. 260,753 shares of the stock were exchanged, compared to its average volume of 430,942. The company has a quick ratio of 2.31, a current ratio of 2.85 and a debt-to-equity ratio of 1.27. The stock has a market cap of $7.03 billion, a P/E ratio of 28.62 and a beta of 1.81. The firm has a 50 day moving average of $256.12 and a two-hundred day moving average of $216.21. Installed Building Products, Inc. has a 1-year low of $150.83 and a 1-year high of $280.00.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings results 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. The firm had revenue of $778.20 million during the quarter, compared to the consensus estimate of $751.98 million. Installed Building Products had a return on equity of 60.27% and a net margin of 8.45%.The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.85 earnings per share. On average, research analysts anticipate that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a dividend of $0.37 per share. The ex-dividend date is Monday, December 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.6%. Installed Building Products’s payout ratio is presently 15.93%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IBP. Vanguard Group Inc. increased its stake in Installed Building Products by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 2,671,315 shares of the construction company’s stock worth $458,024,000 after buying an additional 34,512 shares during the period. Eminence Capital LP boosted its position in Installed Building Products by 48.5% in the 2nd quarter. Eminence Capital LP now owns 945,101 shares of the construction company’s stock valued at $170,421,000 after buying an additional 308,717 shares during the last quarter. Timucuan Asset Management Inc. FL grew its stake in shares of Installed Building Products by 73.2% during 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 in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Installed Building Products by 11.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 593,496 shares of the construction company’s stock valued at $107,019,000 after acquiring an additional 63,315 shares in the last quarter. Finally, Giverny Capital Inc. increased its position in shares of Installed Building Products by 1.3% during the second quarter. Giverny Capital Inc. now owns 514,459 shares of the construction company’s stock worth $92,767,000 after acquiring an additional 6,386 shares during the last quarter. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on IBP shares. Zelman & Associates upgraded shares of Installed Building Products from an “underperform” rating to a “neutral” rating in a report on Friday, August 8th. Wall Street Zen raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a research report on Monday. Zacks Research raised shares of Installed Building Products from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 14th. Jefferies Financial Group upped their price target on shares of Installed Building Products from $175.00 to $225.00 and gave the stock a “hold” rating in a research report on Tuesday, August 12th. Finally, Vertical Research initiated coverage on Installed Building Products in a report on Monday, October 20th. They issued a “sell” rating for the company. Two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $224.45.

About Installed Building Products

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.