James Investment Research Inc. lifted its position in shares of Installed Building Products, Inc. (NYSE:IBP – Free Report) by 283.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,420 shares of the construction company’s stock after purchasing an additional 4,746 shares during the period. James Investment Research Inc.’s holdings in Installed Building Products were worth $1,702,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of IBP. Price T Rowe Associates Inc. MD raised its stake 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 valued at $402,356,000 after buying an additional 328,725 shares during the period. Orion Porfolio Solutions LLC increased its holdings 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 valued at $30,996,000 after purchasing an additional 168,285 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of Installed Building Products by 84.1% in the second quarter. Ameriprise Financial Inc. now owns 276,690 shares of the construction company’s stock valued at $49,893,000 after purchasing an additional 126,435 shares during the period. Norges Bank bought a new position in shares of Installed Building Products in the fourth quarter valued at about $32,359,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Installed Building Products by 52.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 355,211 shares of the construction company’s stock worth $92,138,000 after buying an additional 122,561 shares during the last quarter. 99.61% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on IBP. Royal Bank Of Canada set a $242.00 price target on shares of Installed Building Products in a research note on Monday, May 11th. DA Davidson restated a “neutral” rating and set a $242.00 price objective on shares of Installed Building Products in a report on Monday, June 1st. Evercore set a $226.00 target price on Installed Building Products in a research report on Friday, May 8th. Zacks Research lowered Installed Building Products from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Finally, Stephens dropped their price target on Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Installed Building Products has a consensus rating of “Reduce” and an average price target of $247.67.
Insider Activity at Installed Building Products
In related news, Director Lawrence A. Hilsheimer purchased 475 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average cost of $206.22 per share, with a total value of $97,954.50. Following the acquisition, the director owned 28,468 shares of the company’s stock, valued at $5,870,670.96. This trade represents a 1.70% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Brad A. Wheeler acquired 716 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average cost of $209.13 per share, with a total value of $149,737.08. Following the purchase, the chief operating officer owned 14,988 shares in the company, valued at $3,134,440.44. The trade was a 5.02% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 5,036 shares of company stock valued at $1,042,807. Company insiders own 13.80% of the company’s stock.
Installed Building Products Stock Down 2.5%
NYSE IBP opened at $224.20 on Thursday. The business has a fifty day moving average price of $229.42 and a two-hundred day moving average price of $269.81. The stock has a market capitalization of $6.04 billion, a PE ratio of 23.90, a PEG ratio of 5.70 and a beta of 1.69. Installed Building Products, Inc. has a fifty-two week low of $182.88 and a fifty-two week high of $349.00. 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 (NYSE:IBP – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.17). Installed Building Products had a net margin of 8.65% and a return on equity of 42.28%. The business had revenue of $660.50 million during the quarter, compared to the consensus estimate of $668.92 million. During the same quarter in the previous year, the business posted $2.08 EPS. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. Equities analysts expect that Installed Building Products, Inc. will post 9.57 earnings per share for the current fiscal year.
Installed Building Products Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, June 15th. Installed Building Products’s dividend payout ratio (DPR) is presently 16.63%.
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.
Featured Articles
- Five stocks we like better than Installed Building Products
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
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:IBP – Free Report).
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.
