Installed Building Products (NYSE:IBP) Director Acquires $97,954.50 in Stock

Installed Building Products, Inc. (NYSE:IBP) Director Lawrence Hilsheimer bought 475 shares of Installed Building Products stock in a transaction dated Monday, May 11th. The shares were bought at an average cost of $206.22 per share, for a total transaction of $97,954.50. Following the completion of the transaction, the director owned 28,468 shares of the company’s stock, valued at approximately $5,870,670.96. This trade represents a 1.70% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Installed Building Products Stock Performance

Shares of NYSE:IBP opened at $216.36 on Friday. The firm has a market cap of $5.83 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 2.94 and a beta of 1.84. The firm’s 50 day simple moving average is $276.12 and its 200-day simple moving average is $281.26. Installed Building Products, Inc. has a one year low of $150.83 and a one year high of $349.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.76 and a current ratio of 3.35.

Installed Building Products (NYSE:IBP) last issued its earnings results on Thursday, May 7th. The construction company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.17). The company had revenue of $660.50 million for the quarter, compared to analysts’ expectations of $668.92 million. Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The business’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business posted $2.08 earnings per share. As a group, equities analysts predict that Installed Building Products, Inc. will post 10.51 EPS for the current year.

Installed Building Products Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on IBP. Wall Street Zen lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Stephens reduced their target price on shares of Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. Wells Fargo & Company reduced their target price on shares of Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. The Goldman Sachs Group cut their price objective on shares of Installed Building Products from $331.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Vertical Research raised shares of Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 price objective on the stock in a report on Friday, February 27th. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Installed Building Products currently has a consensus rating of “Reduce” and a consensus target price of $247.67.

Hedge Funds Weigh In On Installed Building Products

Several institutional investors have recently bought and sold shares of IBP. Price T Rowe Associates Inc. MD increased its holdings in Installed Building Products by 26.9% during 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. TD Asset Management Inc increased its holdings in Installed Building Products by 2,169.2% during the third quarter. TD Asset Management Inc now owns 271,938 shares of the construction company’s stock valued at $67,076,000 after buying an additional 259,954 shares during the period. Orion Porfolio Solutions LLC boosted its stake in 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 acquiring an additional 168,285 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in 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 acquiring an additional 126,435 shares in the last quarter. Finally, Norges Bank acquired a new stake in Installed Building Products in the fourth quarter valued at approximately $32,359,000. 99.61% of the stock is owned by hedge funds and other institutional investors.

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.