Windsor Advisory Group LLC acquired a new position in Installed Building Products, Inc. (NYSE:IBP – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,972 shares of the construction company’s stock, valued at approximately $1,143,000. Installed Building Products accounts for approximately 0.8% of Windsor Advisory Group LLC’s investment portfolio, making the stock its 20th biggest holding.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Installed Building Products by 3.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,130 shares of the construction company’s stock worth $2,423,000 after buying an additional 486 shares in the last quarter. United Services Automobile Association bought a new position in shares of Installed Building Products in the first quarter valued at approximately $263,000. Jane Street Group LLC increased its stake in shares of Installed Building Products by 270.0% during the first quarter. Jane Street Group LLC now owns 17,192 shares of the construction company’s stock valued at $2,948,000 after acquiring an additional 12,545 shares during the period. Hsbc Holdings PLC increased its stake in shares of Installed Building Products by 5.9% during the second quarter. Hsbc Holdings PLC now owns 1,643 shares of the construction company’s stock valued at $296,000 after acquiring an additional 92 shares during the period. Finally, Jump Financial LLC raised its holdings in Installed Building Products by 959.6% during the second quarter. Jump Financial LLC now owns 18,109 shares of the construction company’s stock worth $3,265,000 after purchasing an additional 16,400 shares in the last quarter. Institutional investors own 99.61% of the company’s stock.
Installed Building Products Stock Performance
Shares of IBP opened at $245.66 on Thursday. The firm’s 50 day moving average is $231.30 and its 200-day moving average is $255.44. The stock has a market capitalization of $6.53 billion, a P/E ratio of 26.44, a P/E/G ratio of 4.63 and a beta of 1.70. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.98 and a quick ratio of 2.41. Installed Building Products, Inc. has a 12-month low of $193.11 and a 12-month high of $349.00.
Installed Building Products Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 15th. Installed Building Products’s dividend payout ratio is 16.79%.
Insider Activity at Installed Building Products
In related news, CFO Michael Thomas Miller acquired 990 shares of Installed Building Products stock in a transaction dated Thursday, June 11th. The stock was acquired at an average cost of $200.62 per share, with a total value of $198,613.80. Following the purchase, the chief financial officer directly owned 34,209 shares in the company, valued at $6,863,009.58. The trade was a 2.98% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 13.80% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on IBP shares. Royal Bank Of Canada set a $242.00 target price on Installed Building Products in a research report on Monday, May 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Installed Building Products in a research report on Tuesday, August 18th. Zacks Research raised Installed Building Products from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. DA Davidson upped their price objective on Installed Building Products from $242.00 to $250.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Finally, Stephens cut their price objective 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 analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $249.30.
Check Out Our Latest Stock Analysis on IBP
Installed Building Products 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.
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