Installed Building Products, Inc. (NYSE:IBP – Get Free Report) CFO Michael Thomas Miller acquired 990 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average cost of $200.62 per share, with a total value of $198,613.80. Following the completion of the acquisition, the chief financial officer owned 34,209 shares in the company, valued at $6,863,009.58. This trade represents a 2.98% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Michael Thomas Miller also recently made the following trade(s):
- On Monday, May 11th, Michael Thomas Miller bought 2,400 shares of Installed Building Products stock. The shares were purchased at an average cost of $207.82 per share, with a total value of $498,768.00.
Installed Building Products Stock Down 3.1%
IBP stock opened at $211.08 on Thursday. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.35 and a quick ratio of 2.76. Installed Building Products, Inc. has a 52-week low of $162.56 and a 52-week high of $349.00. The company has a 50-day moving average of $242.32 and a two-hundred day moving average of $273.21. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 22.50, a price-to-earnings-growth ratio of 5.38 and a beta of 1.71.
Installed Building Products Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.7%. Installed Building Products’s payout ratio is 16.63%.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. Weiss Ratings downgraded shares of Installed Building Products from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. The Goldman Sachs Group dropped their price target on shares of Installed Building Products from $331.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Wells Fargo & Company decreased their price objective on Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. DA Davidson reiterated a “neutral” rating and issued a $242.00 price objective on shares of Installed Building Products in a research note on Monday, June 1st. Finally, JPMorgan Chase & Co. dropped their target price on Installed Building Products from $284.00 to $195.00 and set an “underweight” rating for the company in a report on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $247.67.
Check Out Our Latest Analysis on IBP
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of IBP. Price T Rowe Associates Inc. MD increased its position in Installed Building Products by 26.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,551,161 shares of the construction company’s stock worth $402,356,000 after purchasing an additional 328,725 shares during the period. Giverny Capital Inc. lifted its position in Installed Building Products by 0.9% during the 4th quarter. Giverny Capital Inc. now owns 519,236 shares of the construction company’s stock valued at $134,685,000 after purchasing an additional 4,500 shares during the period. First Trust Advisors LP boosted its stake in shares of Installed Building Products by 0.3% in the 4th quarter. First Trust Advisors LP now owns 400,748 shares of the construction company’s stock valued at $103,950,000 after purchasing an additional 1,238 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Installed Building Products by 52.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 355,211 shares of the construction company’s stock valued at $92,138,000 after purchasing an additional 122,561 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Installed Building Products by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 350,996 shares of the construction company’s stock worth $91,045,000 after buying an additional 5,384 shares during the period. 99.61% of the stock is currently owned by institutional investors.
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.
Read More
- Five stocks we like better than Installed Building Products
- Cheap Thrills: Why These 3 Entertainment Stocks Are Soaring
- CoreWeave Insider Sales Look Big, But Should Investors Worry?
- Critical Metals: Sizing Up This Tiny Rare-Earth Stock Making Big Moves
- Meta and Cloud Computing: Real Potential, or a Shot in the Dark?
Receive News & Ratings for Installed Building Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Installed Building Products and related companies with MarketBeat.com's FREE daily email newsletter.
