Vaughan Nelson Investment Management L.P. Raises Stock Position in Installed Building Products, Inc. $IBP

Vaughan Nelson Investment Management L.P. grew its position in shares of Installed Building Products, Inc. (NYSE:IBPFree Report) by 3.9% in the first quarter, Holdings Channel reports. The firm owned 133,953 shares of the construction company’s stock after purchasing an additional 5,042 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Installed Building Products were worth $35,518,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Danske Bank A S bought a new position in Installed Building Products in the 3rd quarter worth about $25,000. NewEdge Advisors LLC raised its holdings in shares of Installed Building Products by 5,000.0% in the 3rd quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Installed Building Products during the 3rd quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Installed Building Products by 700.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock valued at $37,000 after acquiring an additional 133 shares during the last quarter. Finally, Eagle Bay Advisors LLC purchased a new position in shares of Installed Building Products during the fourth quarter worth about $43,000. Institutional investors own 99.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on IBP shares. Stephens decreased their price target on shares of Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. JPMorgan Chase & Co. dropped their price objective on shares of Installed Building Products from $284.00 to $195.00 and set an “underweight” rating for the company in a report on Wednesday, May 13th. DA Davidson reiterated a “neutral” rating and issued a $242.00 target price on shares of Installed Building Products in a research report on Monday, June 1st. Vertical Research raised Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 target price on the stock in a research note on Friday, February 27th. Finally, The Goldman Sachs Group reduced their target price on Installed Building Products from $331.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. One research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $247.67.

Get Our Latest Stock Analysis on IBP

Insider Activity

In other Installed Building Products news, insider Jason R. Niswonger purchased 455 shares of Installed Building Products stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of $214.80 per share, for a total transaction of $97,734.00. Following the acquisition, the insider directly owned 17,122 shares in the company, valued at approximately $3,677,805.60. This trade represents a 2.73% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lawrence A. Hilsheimer purchased 475 shares of Installed Building Products stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average price of $206.22 per share, for a total transaction of $97,954.50. Following the acquisition, the director owned 28,468 shares in the company, valued at $5,870,670.96. This trade represents a 1.70% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 5,036 shares of company stock valued at $1,042,807. 13.80% of the stock is currently owned by insiders.

Installed Building Products Stock Down 0.3%

Shares of NYSE IBP opened at $217.61 on Monday. The firm’s fifty day moving average is $240.14 and its 200 day moving average is $272.52. Installed Building Products, Inc. has a 52 week low of $166.39 and a 52 week high of $349.00. The company has a quick ratio of 2.76, a current ratio of 3.35 and a debt-to-equity ratio of 1.56. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 5.39 and a beta of 1.71.

Installed Building Products (NYSE:IBPGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.17). The firm had revenue of $660.50 million for the quarter, compared to analysts’ expectations of $668.92 million. Installed Building Products had a net margin of 8.65% and a return on equity of 42.28%. The company’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.08 EPS. On average, equities research analysts expect that Installed Building Products, Inc. will post 9.62 earnings per share for the current year.

Installed Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, June 15th. Installed Building Products’s dividend payout ratio is 16.63%.

Installed Building Products Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding IBP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Installed Building Products, Inc. (NYSE:IBPFree Report).

Institutional Ownership by Quarter for Installed Building Products (NYSE:IBP)

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