Installed Building Products, Inc. (NYSE:IBP) Shares Acquired by Strs Ohio

Strs Ohio raised its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 35.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,900 shares of the construction company’s stock after acquiring an additional 500 shares during the period. Strs Ohio’s holdings in Installed Building Products were worth $347,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of IBP. Exchange Traded Concepts LLC acquired a new position in shares of Installed Building Products in the 3rd quarter valued at $247,000. Raymond James & Associates lifted its stake in shares of Installed Building Products by 6.6% in the 3rd quarter. Raymond James & Associates now owns 27,899 shares of the construction company’s stock valued at $3,484,000 after purchasing an additional 1,726 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Installed Building Products by 55.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 8,125 shares of the construction company’s stock valued at $1,015,000 after purchasing an additional 2,913 shares during the period. Shaker Investments LLC OH lifted its stake in shares of Installed Building Products by 1.2% in the 3rd quarter. Shaker Investments LLC OH now owns 10,599 shares of the construction company’s stock valued at $1,324,000 after purchasing an additional 122 shares during the period. Finally, Inspire Investing LLC lifted its stake in shares of Installed Building Products by 6.0% in the 3rd quarter. Inspire Investing LLC now owns 2,818 shares of the construction company’s stock valued at $352,000 after purchasing an additional 159 shares during the period. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Installed Building Products Price Performance

Installed Building Products stock opened at $243.33 on Tuesday. Installed Building Products, Inc. has a 52-week low of $103.50 and a 52-week high of $263.76. The firm has a market capitalization of $6.92 billion, a price-to-earnings ratio of 28.26 and a beta of 1.89. The company has a fifty day simple moving average of $240.67 and a 200-day simple moving average of $190.52. The company has a quick ratio of 2.62, a current ratio of 3.09 and a debt-to-equity ratio of 1.26.

Installed Building Products (NYSE:IBP) last released its earnings results on Thursday, February 22nd. The construction company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.42 by $0.03. Installed Building Products had a net margin of 8.77% and a return on equity of 47.18%. The business had revenue of $720.70 million during the quarter, compared to analyst estimates of $688.59 million. During the same quarter in the prior year, the firm earned $2.34 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities analysts anticipate that Installed Building Products, Inc. will post 11.2 EPS for the current fiscal year.

Installed Building Products Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, March 31st. Stockholders of record on Friday, March 15th were issued a dividend of $1.60 per share. This is a positive change from Installed Building Products’s previous quarterly dividend of $0.33. The ex-dividend date was Thursday, March 14th. This represents a $6.40 dividend on an annualized basis and a dividend yield of 2.63%. Installed Building Products’s dividend payout ratio is presently 16.26%.

Insider Transactions at Installed Building Products

In other news, CAO Todd R. Fry sold 500 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $233.50, for a total transaction of $116,750.00. Following the completion of the sale, the chief accounting officer now owns 7,176 shares of the company’s stock, valued at $1,675,596. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CAO Todd R. Fry sold 500 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $233.50, for a total value of $116,750.00. Following the completion of the sale, the chief accounting officer now owns 7,176 shares of the company’s stock, valued at $1,675,596. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Thomas Miller sold 5,000 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $243.34, for a total transaction of $1,216,700.00. Following the completion of the sale, the chief financial officer now directly owns 38,320 shares of the company’s stock, valued at approximately $9,324,788.80. The disclosure for this sale can be found here. Insiders sold 6,619 shares of company stock valued at $1,606,732 over the last 90 days. 16.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IBP. DA Davidson began coverage on shares of Installed Building Products in a research note on Tuesday, March 5th. They issued a “buy” rating and a $275.00 target price for the company. The Goldman Sachs Group reissued a “buy” rating on shares of Installed Building Products in a report on Thursday, February 1st. JPMorgan Chase & Co. lowered shares of Installed Building Products from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $199.00 to $242.00 in a report on Wednesday, February 28th. Loop Capital raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a report on Monday, January 8th. Finally, Royal Bank of Canada boosted their price target on shares of Installed Building Products from $188.00 to $216.00 and gave the stock a “sector perform” rating in a report on Friday, February 23rd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $208.40.

Installed Building Products Company Profile

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.