Beacon Investment Advisory Services Inc. Has $3.49 Million Stake in Installed Building Products, Inc. $IBP

Beacon Investment Advisory Services Inc. raised its holdings in Installed Building Products, Inc. (NYSE:IBP) by 27.0% in the 2nd quarter, HoldingsChannel reports. The firm owned 15,203 shares of the construction company’s stock after purchasing an additional 3,229 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Installed Building Products were worth $3,494,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of IBP. California State Teachers Retirement System grew its holdings in shares of Installed Building Products by 22,507.1% during the second quarter. California State Teachers Retirement System now owns 6,094,208 shares of the construction company’s stock worth $1,400,693,000 after purchasing an additional 6,067,251 shares during the last quarter. BlackRock Inc. bought a new position in shares of Installed Building Products in the second quarter valued at about $1,055,034,000. Price T Rowe Associates Inc. MD raised its holdings in shares of Installed Building Products by 26.9% in 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 last quarter. Giverny Capital Inc. raised its holdings in shares of Installed Building Products by 0.9% in the fourth quarter. Giverny Capital Inc. now owns 519,236 shares of the construction company’s stock valued at $134,685,000 after buying an additional 4,500 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in Installed Building Products by 0.3% during the 4th quarter. First Trust Advisors LP now owns 400,748 shares of the construction company’s stock worth $103,950,000 after buying an additional 1,238 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Wall Street Analyst Weigh In

IBP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Installed Building Products from $284.00 to $195.00 and set an “underweight” rating on the stock in a report on Wednesday, May 13th. DA Davidson boosted their target price on shares of Installed Building Products from $242.00 to $250.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Installed Building Products in a research report on Tuesday, August 18th. Evercore set a $246.00 price target on shares of Installed Building Products in a research note on Friday, August 7th. Finally, Zacks Research raised shares of Installed Building Products from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $249.30.

Insider Buying and Selling at Installed Building Products

In other news, Director Janet Jackson sold 1,086 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $237.06, for a total value of $257,447.16. Following the transaction, the director owned 5,142 shares of the company’s stock, valued at $1,218,962.52. This represents a 17.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Michael Miller purchased 990 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost of $200.62 per share, for a total transaction of $198,613.80. Following the purchase, the chief financial officer owned 34,209 shares in the company, valued at $6,863,009.58. This trade represents a 2.98% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 13.80% of the company’s stock.

Installed Building Products Price Performance

Shares of IBP stock opened at $227.88 on Wednesday. The firm has a market cap of $6.06 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 4.47 and a beta of 1.71. Installed Building Products, Inc. has a 12 month low of $193.11 and a 12 month high of $349.00. The company has a quick ratio of 2.41, a current ratio of 2.98 and a debt-to-equity ratio of 1.62. The stock has a 50-day moving average price of $234.21 and a 200 day moving average price of $249.33.

Installed Building Products (NYSE:IBP) last released its earnings results on Thursday, August 6th. The construction company reported $2.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.55 by $0.36. Installed Building Products had a net margin of 8.46% and a return on equity of 42.12%. The company had revenue of $777.80 million for the quarter, compared to the consensus estimate of $743.33 million. During the same period in the prior year, the company posted $2.95 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. Research analysts expect that Installed Building Products, Inc. will post 9.82 EPS for the current year.

Installed Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Installed Building Products’s payout ratio is currently 16.79%.

About Installed Building Products

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.