LRT Capital Management LLC Decreases Stock Holdings in Installed Building Products, Inc. $IBP

LRT Capital Management LLC trimmed its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 50.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,373 shares of the construction company’s stock after selling 3,442 shares during the quarter. LRT Capital Management LLC’s holdings in Installed Building Products were worth $875,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of IBP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Installed Building Products by 3.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,130 shares of the construction company’s stock valued at $2,423,000 after buying an additional 486 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Installed Building Products in the 1st quarter valued at approximately $263,000. Jane Street Group LLC raised its position in shares of Installed Building Products by 270.0% in the 1st quarter. Jane Street Group LLC now owns 17,192 shares of the construction company’s stock valued at $2,948,000 after purchasing an additional 12,545 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of Installed Building Products by 5.9% in the 2nd quarter. Hsbc Holdings PLC now owns 1,643 shares of the construction company’s stock valued at $296,000 after purchasing an additional 92 shares during the last quarter. Finally, Jump Financial LLC raised its position in shares of Installed Building Products by 959.6% in the 2nd quarter. Jump Financial LLC now owns 18,109 shares of the construction company’s stock valued at $3,265,000 after purchasing an additional 16,400 shares during the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on IBP. Vertical Research raised 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. Royal Bank Of Canada set a $242.00 price objective on shares of Installed Building Products in a research report on Monday, May 11th. Zacks Research lowered shares of Installed Building Products from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. 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. Finally, Wells Fargo & Company decreased 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 research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $247.67.

Insider Buying and Selling at Installed Building Products

In other Installed Building Products news, Director Lawrence A. Hilsheimer purchased 475 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average price of $206.22 per share, for a total transaction of $97,954.50. Following the acquisition, the director owned 28,468 shares in the company, valued at $5,870,670.96. This represents a 1.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Michael Thomas Miller purchased 2,400 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average price of $207.82 per share, for a total transaction of $498,768.00. Following the acquisition, the chief financial officer owned 33,219 shares in the company, valued at $6,903,572.58. This trade represents a 7.79% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 4,046 shares of company stock worth $844,194 in the last 90 days. Corporate insiders own 13.80% of the company’s stock.

Installed Building Products Price Performance

Shares of NYSE:IBP opened at $207.09 on Friday. Installed Building Products, Inc. has a twelve month low of $162.56 and a twelve month high of $349.00. The company’s 50 day moving average is $245.65 and its 200 day moving average is $274.34. The company has a current ratio of 3.35, a quick ratio of 2.76 and a debt-to-equity ratio of 1.56. The company has a market cap of $5.58 billion, a PE ratio of 22.08, a price-to-earnings-growth ratio of 5.11 and a beta of 1.71.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.17). Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The business had revenue of $660.50 million during the quarter, compared to analyst estimates of $668.92 million. During the same quarter last year, the company posted $2.08 EPS. Installed Building Products’s quarterly revenue was down 3.5% compared to the same quarter last year. On average, sell-side analysts forecast that Installed Building Products, Inc. will post 9.62 EPS for the current year.

Installed Building Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued 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 is 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.