Installed Building Products (NYSE:IBP) CFO Michael Thomas Miller Purchases 2,400 Shares

Installed Building Products, Inc. (NYSE:IBP) CFO Michael Thomas Miller bought 2,400 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average price of $207.82 per share, with a total value of $498,768.00. Following the transaction, the chief financial officer directly owned 33,219 shares in the company, valued at $6,903,572.58. This represents a 7.79% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Installed Building Products Trading Down 1.8%

Shares of Installed Building Products stock opened at $202.57 on Wednesday. The stock has a market capitalization of $5.46 billion, a P/E ratio of 21.60, a price-to-earnings-growth ratio of 2.85 and a beta of 1.84. 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 50-day simple moving average of $280.73 and a 200 day simple moving average of $282.05. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month high of $349.00.

Installed Building Products (NYSE:IBP) last announced its earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.17). The firm had revenue of $660.50 million for the quarter, compared to analyst estimates of $668.92 million. Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.08 EPS. Research analysts expect that Installed Building Products, Inc. will post 10.81 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, June 15th. Installed Building Products’s dividend payout ratio (DPR) is presently 16.63%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Vertical Research upgraded shares of Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 price objective for the company in a research report on Friday, February 27th. Stephens lowered their price objective on shares of Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Benchmark cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Wednesday, February 11th. DA Davidson lowered their price objective on shares of Installed Building Products from $270.00 to $242.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Wells Fargo & Company lowered their price objective on shares of Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Installed Building Products currently has a consensus rating of “Hold” and a consensus target price of $251.83.

Institutional Investors Weigh In On Installed Building Products

Institutional investors have recently modified their holdings of the business. MGO One Seven LLC increased its holdings in Installed Building Products by 3.1% during the fourth quarter. MGO One Seven LLC now owns 1,133 shares of the construction company’s stock worth $294,000 after buying an additional 34 shares during the last quarter. Legacy Wealth Asset Management LLC increased its holdings in Installed Building Products by 2.6% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 1,396 shares of the construction company’s stock worth $362,000 after buying an additional 35 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in Installed Building Products by 2.0% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 1,819 shares of the construction company’s stock worth $472,000 after buying an additional 35 shares during the last quarter. Maryland State Retirement & Pension System increased its holdings in Installed Building Products by 1.1% during the fourth quarter. Maryland State Retirement & Pension System now owns 3,315 shares of the construction company’s stock worth $860,000 after buying an additional 35 shares during the last quarter. Finally, Abel Hall LLC increased its holdings in Installed Building Products by 2.8% during the first quarter. Abel Hall LLC now owns 1,289 shares of the construction company’s stock worth $342,000 after buying an additional 35 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products News Summary

Here are the key news stories impacting Installed Building Products this week:

• Positive Sentiment: IBP saw multiple insider purchases on May 11, including CFO Michael Thomas Miller, COO Brad A. Wheeler, insider Jason R. Niswonger, and Director Lawrence A. Hilsheimer. Insider buying can signal management confidence that the stock is undervalued. SEC filing
• Positive Sentiment: DA Davidson’s revised $242 price target still implies upside from recent trading levels, suggesting analysts see some recovery potential despite near-term caution. Article
• Neutral Sentiment: Installed Building Products continues to be viewed as a stable but challenged housing/construction name, with mixed signals from recent commentary about demand and costs. Article
• Negative Sentiment: Analyst target cuts and commentary about weak volume and cost pressure suggest earnings momentum could remain muted, which may be weighing on IBP shares. Article

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.