James Investment Research Inc. Buys Shares of 1,750 Installed Building Products, Inc. $IBP

James Investment Research Inc. acquired a new position in Installed Building Products, Inc. (NYSE:IBP) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,750 shares of the construction company’s stock, valued at approximately $316,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Curio Wealth LLC grew its position in shares of Installed Building Products by 16,800.0% in the 2nd quarter. Curio Wealth LLC now owns 169 shares of the construction company’s stock worth $30,000 after buying an additional 168 shares during the last quarter. SRH Advisors LLC grew its position in shares of Installed Building Products by 70.8% in the 2nd quarter. SRH Advisors LLC now owns 205 shares of the construction company’s stock worth $37,000 after buying an additional 85 shares during the last quarter. Advisors Asset Management Inc. grew its position in shares of Installed Building Products by 36.7% in the 1st quarter. Advisors Asset Management Inc. now owns 555 shares of the construction company’s stock worth $95,000 after buying an additional 149 shares during the last quarter. Covestor Ltd grew its position in shares of Installed Building Products by 92.1% in the 1st quarter. Covestor Ltd now owns 557 shares of the construction company’s stock worth $96,000 after buying an additional 267 shares during the last quarter. Finally, CWM LLC grew its position in shares of Installed Building Products by 178.7% in the 1st quarter. CWM LLC now owns 588 shares of the construction company’s stock worth $101,000 after buying an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Stock Down 0.7%

IBP stock opened at $269.54 on Wednesday. The firm has a 50 day moving average of $259.02 and a 200 day moving average of $210.89. The stock has a market capitalization of $7.37 billion, a PE ratio of 29.98 and a beta of 1.83. The company has a quick ratio of 2.31, a current ratio of 2.85 and a debt-to-equity ratio of 1.27. Installed Building Products, Inc. has a 52 week low of $150.83 and a 52 week high of $280.00.

Installed Building Products (NYSE:IBP) last released its earnings results on Thursday, August 7th. The construction company reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.50. The company had revenue of $760.30 million during the quarter, compared to analysts’ expectations of $711.37 million. Installed Building Products had a net margin of 8.45% and a return on equity of 60.27%. Installed Building Products’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the business earned $2.84 EPS. Sell-side analysts forecast that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

Installed Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 0.5%. The ex-dividend date was Monday, September 15th. Installed Building Products’s payout ratio is presently 16.46%.

Insider Buying and Selling at Installed Building Products

In other Installed Building Products news, COO Brad A. Wheeler sold 3,186 shares of Installed Building Products stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $275.29, for a total transaction of $877,073.94. Following the completion of the sale, the chief operating officer directly owned 8,736 shares in the company, valued at approximately $2,404,933.44. The trade was a 26.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Janet E. Jackson sold 1,469 shares of Installed Building Products stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $266.00, for a total transaction of $390,754.00. Following the sale, the director owned 6,873 shares of the company’s stock, valued at approximately $1,828,218. The trade was a 17.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 11,655 shares of company stock valued at $3,123,578. 16.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Zacks Research raised shares of Installed Building Products from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 14th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Installed Building Products in a research report on Wednesday, October 8th. Jefferies Financial Group lifted their price objective on shares of Installed Building Products from $175.00 to $225.00 and gave the stock a “hold” rating in a research report on Tuesday, August 12th. Loop Capital downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating and set a $255.00 price objective on the stock. in a research report on Friday, August 8th. Finally, Wall Street Zen upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a research note on Saturday. Two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Installed Building Products currently has a consensus rating of “Reduce” and a consensus target price of $220.45.

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.