Installed Building Products (NYSE:IBP) Director Michael Thomas Sells 2,001 Shares

Installed Building Products, Inc. (NYSE:IBP) Director Michael Thomas sold 2,001 shares of Installed Building Products stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total value of $536,828.28. Following the completion of the transaction, the director directly owned 8,373 shares of the company’s stock, valued at approximately $2,246,308.44. This represents a 19.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Installed Building Products Stock Down 0.7%

IBP stock traded down $1.94 during trading on Monday, hitting $266.08. 322,975 shares of the stock traded hands, compared to its average volume of 423,299. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of 29.60 and a beta of 1.81. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.85 and a quick ratio of 2.31. Installed Building Products, Inc. has a 1 year low of $150.83 and a 1 year high of $280.00. The firm’s 50 day moving average is $253.81 and its two-hundred day moving average is $225.84.

Installed Building Products (NYSE:IBP) last issued its earnings results on Wednesday, November 5th. The construction company reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.49. Installed Building Products had a net margin of 8.45% and a return on equity of 60.27%. The business had revenue of $778.20 million during the quarter, compared to analysts’ expectations of $751.98 million. During the same period in the previous year, the company earned $2.85 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.6%. Installed Building Products’s dividend payout ratio (DPR) is presently 15.93%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Eminence Capital LP bought a new position in shares of Installed Building Products during the first quarter worth $109,114,000. Timucuan Asset Management Inc. FL purchased a new stake in Installed Building Products in the 1st quarter worth $85,786,000. TD Asset Management Inc boosted its holdings in shares of Installed Building Products by 2,169.2% during the 3rd quarter. TD Asset Management Inc now owns 271,938 shares of the construction company’s stock valued at $67,076,000 after purchasing an additional 259,954 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Installed Building Products by 190.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 302,292 shares of the construction company’s stock valued at $51,831,000 after purchasing an additional 198,391 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Installed Building Products by 1,897.8% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 177,800 shares of the construction company’s stock worth $32,061,000 after purchasing an additional 168,900 shares during the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Danske cut Installed Building Products from a “buy” rating to a “hold” rating and set a $252.00 price objective on the stock. in a research report on Tuesday, August 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Installed Building Products in a report on Wednesday, October 8th. Loop Capital cut shares of Installed Building Products from a “buy” rating to a “hold” rating and set a $255.00 price objective for the company. in a report on Friday, August 8th. DA Davidson downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating and increased their price objective for the company from $225.00 to $252.00 in a research report on Tuesday, August 12th. Finally, Zelman & Associates raised shares of Installed Building Products from an “underperform” rating to a “neutral” rating in a research report on Friday, August 8th. Two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $222.80.

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.