Installed Building Products (NYSE:IBP) COO Brad Wheeler Purchases 716 Shares of Stock

Installed Building Products, Inc. (NYSE:IBP) COO Brad Wheeler bought 716 shares of Installed Building Products stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of $209.13 per share, for a total transaction of $149,737.08. Following the acquisition, the chief operating officer owned 14,988 shares of the company’s stock, valued at $3,134,440.44. This represents a 5.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Installed Building Products Stock Down 1.8%

Shares of NYSE:IBP opened at $202.57 on Wednesday. The firm’s 50 day moving average price is $280.73 and its 200 day moving average price is $282.05. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 2.85 and a beta of 1.84. Installed Building Products, Inc. has a fifty-two week low of $150.83 and a fifty-two week high of $349.00. The company has a quick ratio of 2.76, a current ratio of 3.35 and a debt-to-equity ratio of 1.56.

Installed Building Products (NYSE:IBP) last issued its 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). The firm had revenue of $660.50 million during the quarter, compared to analyst estimates of $668.92 million. Installed Building Products had a net margin of 8.65% and a return on equity of 42.28%. The firm’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business earned $2.08 EPS. As a group, equities research analysts predict that Installed Building Products, Inc. will post 10.81 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.56 annualized dividend and a yield of 0.8%. Installed Building Products’s dividend payout ratio (DPR) is 16.63%.

Key Installed Building Products News

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

Institutional Trading of Installed Building Products

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MGO One Seven LLC raised 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 purchasing an additional 34 shares in the last quarter. Legacy Wealth Asset Management LLC raised 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 purchasing an additional 35 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised 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 purchasing an additional 35 shares in the last quarter. Maryland State Retirement & Pension System raised 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 purchasing an additional 35 shares in the last quarter. Finally, Abel Hall LLC raised 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 purchasing an additional 35 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on IBP. DA Davidson reduced their target price on shares of Installed Building Products from $270.00 to $242.00 and set a “neutral” rating on the stock in a report on Monday. Weiss Ratings cut shares of Installed Building Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Benchmark cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. Evercore set a $226.00 target price on shares of Installed Building Products in a report on Friday. Finally, Wall Street Zen cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. One research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $251.83.

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.