UBS Group AG Reduces Holdings in Installed Building Products, Inc. $IBP

UBS Group AG lowered its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 47.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 189,582 shares of the construction company’s stock after selling 169,197 shares during the quarter. UBS Group AG’s holdings in Installed Building Products were worth $49,176,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of IBP. Legacy Wealth Asset Management LLC grew its position in Installed Building Products by 2.6% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 1,396 shares of the construction company’s stock worth $362,000 after purchasing an additional 35 shares during the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of Installed Building Products by 3.5% in the third quarter. Verdence Capital Advisors LLC now owns 1,265 shares of the construction company’s stock worth $343,000 after buying an additional 43 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Installed Building Products by 0.8% during the third quarter. Amalgamated Bank now owns 6,589 shares of the construction company’s stock worth $1,625,000 after buying an additional 50 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Installed Building Products by 0.5% during the fourth quarter. State of Alaska Department of Revenue now owns 11,533 shares of the construction company’s stock worth $2,991,000 after buying an additional 52 shares during the period. Finally, State of Wyoming grew its holdings in shares of Installed Building Products by 5.1% during the second quarter. State of Wyoming now owns 1,101 shares of the construction company’s stock valued at $199,000 after buying an additional 53 shares during the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. DA Davidson raised their target price on Installed Building Products from $252.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 18th. Wells Fargo & Company decreased their target price on Installed Building Products from $340.00 to $285.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Benchmark downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. Royal Bank Of Canada raised their price target on shares of Installed Building Products from $203.00 to $255.00 and gave the stock an “underperform” rating in a research report on Friday, February 27th. Finally, Weiss Ratings raised shares of Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $259.70.

Insider Activity at Installed Building Products

In other news, Director Janet E. Jackson sold 1,410 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $293.31, for a total value of $413,567.10. Following the transaction, the director directly owned 5,373 shares in the company, valued at approximately $1,575,954.63. This represents a 20.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey W. Edwards sold 400,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $314.06, for a total value of $125,624,000.00. Following the transaction, the chief executive officer owned 1,727,819 shares in the company, valued at $542,638,835.14. This trade represents a 18.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 13.80% of the company’s stock.

Installed Building Products Stock Up 6.2%

Shares of IBP opened at $300.17 on Thursday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.44 and a current ratio of 3.03. Installed Building Products, Inc. has a one year low of $150.83 and a one year high of $349.00. The stock has a market capitalization of $8.09 billion, a price-to-earnings ratio of 30.85, a PEG ratio of 3.91 and a beta of 1.84. The stock has a 50 day moving average price of $289.25 and a 200 day moving average price of $283.47.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.17). Installed Building Products had a return on equity of 43.71% and a net margin of 8.93%.The business had revenue of $660.50 million during the quarter, compared to analysts’ expectations of $668.92 million. Equities research analysts forecast that Installed Building Products, Inc. will post 10.81 earnings per share for the current fiscal year.

Installed Building Products Dividend Announcement

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

Installed Building Products 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.