Mutual of America Capital Management LLC Has $11.01 Million Stock Position in Installed Building Products, Inc. $IBP

Mutual of America Capital Management LLC reduced its holdings in Installed Building Products, Inc. (NYSE:IBP) by 13.9% in the 3rd quarter, Holdings Channel reports. The fund owned 44,641 shares of the construction company’s stock after selling 7,223 shares during the period. Mutual of America Capital Management LLC’s holdings in Installed Building Products were worth $11,011,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Apollon Wealth Management LLC acquired a new position in Installed Building Products in the 3rd quarter valued at approximately $481,000. Bayforest Capital Ltd grew its holdings in shares of Installed Building Products by 180.0% during the 3rd quarter. Bayforest Capital Ltd now owns 2,853 shares of the construction company’s stock valued at $704,000 after acquiring an additional 1,834 shares in the last quarter. Blalock Williams LLC acquired a new position in shares of Installed Building Products in the third quarter worth $792,000. Timucuan Asset Management Inc. FL raised its holdings in shares of Installed Building Products by 73.2% during the second quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company’s stock worth $156,261,000 after acquiring an additional 366,250 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in Installed Building Products by 19.3% during the second quarter. Franklin Resources Inc. now owns 238,077 shares of the construction company’s stock valued at $42,930,000 after purchasing an additional 38,585 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Insider Buying and Selling at Installed Building Products

In related news, insider William Jeffrey Hire sold 5,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $251.63, for a total transaction of $1,258,150.00. Following the transaction, the insider owned 32,999 shares of the company’s stock, valued at approximately $8,303,538.37. The trade was a 13.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael H. Thomas sold 2,001 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total transaction 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. The trade was a 19.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 16.20% of the company’s stock.

Installed Building Products Stock Performance

NYSE:IBP opened at $295.87 on Tuesday. The firm has a market capitalization of $8.02 billion, a PE ratio of 31.85, a PEG ratio of 5.49 and a beta of 1.91. Installed Building Products, Inc. has a 1 year low of $150.83 and a 1 year high of $317.86. The company has a current ratio of 2.78, a quick ratio of 2.28 and a debt-to-equity ratio of 1.25. The firm’s fifty day simple moving average is $275.07 and its 200 day simple moving average is $256.57.

Installed Building Products (NYSE:IBP) last released its quarterly earnings results on Wednesday, November 5th. The construction company reported $3.18 earnings per share (EPS) 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 business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.85 earnings per share. On average, sell-side analysts anticipate that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Announces Dividend

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

Analyst Ratings Changes

Several brokerages have weighed in on IBP. Wall Street Zen raised Installed Building Products from a “hold” rating to a “buy” rating in a research report on Monday. Vertical Research assumed coverage on Installed Building Products in a report on Monday, October 20th. They issued a “sell” rating on the stock. Jefferies Financial Group lifted their target price on shares of Installed Building Products from $230.00 to $259.00 and gave the company a “hold” rating in a research note on Monday, December 15th. Wells Fargo & Company increased their price target on shares of Installed Building Products from $275.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 14th. Finally, Royal Bank Of Canada lifted their price objective on shares of Installed Building Products from $184.00 to $203.00 and gave the company an “underperform” rating in a research note on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $235.36.

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.