Installed Building Products, Inc. $IBP Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 50.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,450 shares of the construction company’s stock after selling 4,545 shares during the period. SG Americas Securities LLC’s holdings in Installed Building Products were worth $1,098,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of IBP. Curio Wealth LLC raised its stake in Installed Building Products by 16,800.0% during the second quarter. Curio Wealth LLC now owns 169 shares of the construction company’s stock worth $30,000 after purchasing an additional 168 shares during the period. SRH Advisors LLC grew its position in Installed Building Products by 70.8% during the second quarter. SRH Advisors LLC now owns 205 shares of the construction company’s stock valued at $37,000 after acquiring an additional 85 shares during the period. Salomon & Ludwin LLC acquired a new stake in Installed Building Products during the third quarter worth about $42,000. Farther Finance Advisors LLC raised its holdings in shares of Installed Building Products by 31.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 224 shares of the construction company’s stock worth $55,000 after purchasing an additional 54 shares during the period. Finally, Smartleaf Asset Management LLC raised its holdings in shares of Installed Building Products by 14.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 439 shares of the construction company’s stock worth $78,000 after purchasing an additional 54 shares during the period. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IBP has been the subject of a number of research reports. Jefferies Financial Group boosted their target price on Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a report on Monday, December 15th. Vertical Research assumed coverage on shares of Installed Building Products in a research note on Monday, October 20th. They set a “sell” rating for the company. Weiss Ratings raised shares of Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Zacks Research upgraded shares of Installed Building Products from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $245.00 price target on shares of Installed Building Products in a report on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Installed Building Products currently has a consensus rating of “Hold” and an average target price of $235.36.

Installed Building Products Trading Down 1.5%

NYSE IBP opened at $309.60 on Friday. The stock has a market cap of $8.40 billion, a P/E ratio of 33.33, a PEG ratio of 5.72 and a beta of 1.91. The company’s fifty day simple moving average is $269.50 and its 200-day simple moving average is $251.69. The company has a current ratio of 2.78, a quick ratio of 2.28 and a debt-to-equity ratio of 1.25. Installed Building Products, Inc. has a 52 week low of $150.83 and a 52 week high of $317.86.

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

Installed Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, December 15th. Installed Building Products’s dividend payout ratio (DPR) is 15.93%.

Insider Activity at Installed Building Products

In other Installed Building Products news, 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 transaction, the insider directly owned 32,999 shares of the company’s stock, valued at $8,303,538.37. This represents a 13.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael H. Thomas sold 2,001 shares of the stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total value of $536,828.28. Following the transaction, the director owned 8,373 shares of the company’s stock, valued at approximately $2,246,308.44. This trade represents a 19.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 16.20% of the stock is owned by insiders.

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.