Installed Building Products (NYSE:IBP) Insider Acquires $97,734.00 in Stock

Installed Building Products, Inc. (NYSE:IBP) insider Jason Niswonger bought 455 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were bought at an average cost of $214.80 per share, with a total value of $97,734.00. Following the purchase, the insider directly owned 17,122 shares of the company’s stock, valued at approximately $3,677,805.60. This represents a 2.73% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Installed Building Products Stock Up 4.8%

IBP stock opened at $216.36 on Friday. The stock has a market capitalization of $5.83 billion, a P/E ratio of 23.07, a P/E/G ratio of 2.94 and a beta of 1.84. The firm has a 50-day simple moving average of $276.12 and a 200-day simple moving average of $281.26. 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, Inc. has a 52 week low of $150.83 and a 52 week high of $349.00.

Installed Building Products (NYSE:IBP) last released its earnings results on Thursday, May 7th. The construction company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.17). The company had revenue of $660.50 million for the quarter, compared to analysts’ expectations of $668.92 million. Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.08 EPS. Equities analysts forecast that Installed Building Products, Inc. will post 10.51 earnings per share for the current fiscal year.

Installed Building Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.7%. Installed Building Products’s payout ratio is currently 16.63%.

Hedge Funds Weigh In On Installed Building Products

Institutional investors and hedge funds have recently bought and sold shares of the business. Danske Bank A S acquired a new position in Installed Building Products during the third quarter worth about $25,000. NewEdge Advisors LLC boosted its position in Installed Building Products by 5,000.0% during the third quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock worth $25,000 after acquiring an additional 100 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in Installed Building Products during the first quarter worth about $30,000. Aster Capital Management DIFC Ltd acquired a new position in Installed Building Products in the 3rd quarter valued at about $33,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of 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 period. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on IBP shares. Weiss Ratings cut shares of Installed Building Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. JPMorgan Chase & Co. lowered their price target on shares of Installed Building Products from $284.00 to $195.00 and set an “underweight” rating on the stock in a research report on Wednesday. Stephens lowered their price target on shares of Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. Evercore set a $226.00 price target on shares of Installed Building Products in a research report on Friday, May 8th. Finally, Wells Fargo & Company lowered their price target on shares of Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Installed Building Products presently has a consensus rating of “Reduce” and a consensus price target of $247.67.

Installed Building Products Company Profile

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.