Installed Building Products, Inc. $IBP Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System raised its stake in Installed Building Products, Inc. (NYSE:IBP) by 11.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 49,606 shares of the construction company’s stock after buying an additional 4,943 shares during the quarter. California Public Employees Retirement System’s holdings in Installed Building Products were worth $13,153,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of IBP. Bessemer Group Inc. raised its position in shares of Installed Building Products by 21.4% in the 4th quarter. Bessemer Group Inc. now owns 123,264 shares of the construction company’s stock worth $31,973,000 after buying an additional 21,705 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in shares of Installed Building Products by 7.6% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 128,911 shares of the construction company’s stock valued at $33,438,000 after acquiring an additional 9,080 shares in the last quarter. SG Americas Securities LLC boosted its stake in Installed Building Products by 107.3% in the fourth quarter. SG Americas Securities LLC now owns 9,227 shares of the construction company’s stock valued at $2,393,000 after acquiring an additional 4,777 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Installed Building Products by 36,067.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 54,974 shares of the construction company’s stock valued at $14,260,000 after acquiring an additional 54,822 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Installed Building Products by 92.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 60,361 shares of the construction company’s stock worth $14,889,000 after purchasing an additional 29,056 shares during the period. 99.61% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Installed Building Products news, Director Lawrence A. Hilsheimer purchased 475 shares of the stock in a transaction on Monday, May 11th. The shares were purchased at an average price of $206.22 per share, with a total value of $97,954.50. Following the completion of the transaction, the director directly owned 28,468 shares in the company, valued at $5,870,670.96. This represents a 1.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jason R. Niswonger purchased 455 shares of the stock in a transaction on Monday, May 11th. The stock was bought at an average cost of $214.80 per share, for a total transaction of $97,734.00. Following the completion of the acquisition, the insider owned 17,122 shares in the company, valued at approximately $3,677,805.60. This trade represents a 2.73% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders purchased 5,036 shares of company stock worth $1,042,807. Insiders own 13.80% of the company’s stock.

Installed Building Products Stock Up 2.1%

Shares of IBP opened at $227.55 on Friday. Installed Building Products, Inc. has a 52 week low of $193.11 and a 52 week high of $349.00. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 24.26, a PEG ratio of 5.34 and a beta of 1.69. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.76 and a current ratio of 3.35. The business’s fifty day moving average price is $216.83 and its two-hundred day moving average price is $265.00.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.17). The company had revenue of $660.50 million during the quarter, compared to the consensus estimate of $668.92 million. Installed Building Products had a net margin of 8.65% and a return on equity of 42.28%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.08 EPS. On average, analysts predict that Installed Building Products, Inc. will post 9.57 earnings per share for the current year.

Installed Building Products Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a $0.39 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.7%. Installed Building Products’s dividend payout ratio (DPR) is currently 16.63%.

Analysts Set New Price Targets

IBP has been the topic of a number of recent analyst reports. DA Davidson restated a “neutral” rating and set a $242.00 price objective on shares of Installed Building Products in a research note on Monday, June 1st. Weiss Ratings downgraded Installed Building Products from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Wells Fargo & Company dropped their target price on Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. Royal Bank Of Canada set a $242.00 target price on Installed Building Products in a research report on Monday, May 11th. Finally, Wall Street Zen downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. One analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” 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.