Van Berkom & Associates Inc. Has $61.06 Million Stock Holdings in Installed Building Products, Inc. $IBP

Van Berkom & Associates Inc. cut its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 20.8% during the 4th quarter, Holdings Channel reports. The firm owned 235,393 shares of the construction company’s stock after selling 61,880 shares during the quarter. Van Berkom & Associates Inc.’s holdings in Installed Building Products were worth $61,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Danske Bank A S acquired a new position in shares of Installed Building Products during the 3rd quarter worth about $25,000. NewEdge Advisors LLC grew its stake in Installed Building Products by 5,000.0% in the 3rd quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock valued at $25,000 after buying an additional 100 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Installed Building Products in the 3rd quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. grew its stake in Installed Building Products by 700.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock valued at $37,000 after buying an additional 133 shares during the last quarter. Finally, Eagle Bay Advisors LLC acquired a new position in Installed Building Products in the 4th quarter valued at about $43,000. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Installed Building Products Stock Performance

NYSE IBP opened at $276.95 on Tuesday. The company has a quick ratio of 2.44, a current ratio of 3.03 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $7.46 billion, a P/E ratio of 28.46, a P/E/G ratio of 4.02 and a beta of 1.84. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month high of $349.00. The firm has a 50-day moving average price of $290.49 and a two-hundred day moving average price of $282.96.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings data on Thursday, February 26th. The construction company reported $3.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.41. The firm had revenue of $747.50 million during the quarter, compared to the consensus estimate of $738.97 million. Installed Building Products had a net margin of 8.93% and a return on equity of 43.71%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.88 EPS. Analysts anticipate that Installed Building Products, Inc. will post 10.81 earnings per share for the current year.

Installed Building Products Announces Dividend

The firm also recently disclosed a special dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were issued a $1.80 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a yield of 63.0%. Installed Building Products’s payout ratio is currently 16.03%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Zacks Research lowered shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $245.00 price target on shares of Installed Building Products in a research note on Tuesday, January 13th. Wells Fargo & Company decreased their price target on shares of Installed Building Products from $340.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Wall Street Zen lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Finally, DA Davidson upped their price target on shares of Installed Building Products from $252.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday, March 18th. One equities research analyst has rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average target price of $259.70.

Insider Transactions at Installed Building Products

In other Installed Building Products news, Director Janet E. Jackson sold 1,410 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $293.31, for a total value of $413,567.10. Following the completion of the sale, the director owned 5,373 shares of the company’s stock, valued at $1,575,954.63. The trade was a 20.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeffrey W. Edwards sold 400,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $314.06, for a total transaction of $125,624,000.00. Following the completion of the sale, the chief executive officer directly owned 1,727,819 shares of the company’s stock, valued at $542,638,835.14. This represents a 18.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 13.80% of the company’s stock.

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.