Installed Building Products (NYSE:IBP) COO Brad Wheeler Buys 716 Shares

Installed Building Products, Inc. (NYSE:IBP) COO Brad Wheeler bought 716 shares of Installed Building Products stock in a transaction on Monday, May 11th. The shares were purchased at an average price of $209.13 per share, for a total transaction of $149,737.08. Following the acquisition, the chief operating officer directly owned 14,988 shares in the company, valued at approximately $3,134,440.44. This trade represents a 5.02% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Installed Building Products Stock Down 1.8%

Shares of IBP stock traded down $3.63 during trading hours on Tuesday, hitting $202.57. 908,791 shares of the company’s stock traded hands, compared to its average volume of 373,743. The company has a quick ratio of 2.76, a current ratio of 3.35 and a debt-to-equity ratio of 1.56. The stock’s fifty day simple moving average is $283.25 and its two-hundred day simple moving average is $282.48. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month high of $349.00. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 3.05 and a beta of 1.84.

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 the consensus estimate of $1.96 by ($0.17). Installed Building Products had a net margin of 8.65% and a return on equity of 42.28%. The firm had revenue of $660.50 million for the quarter, compared to the consensus estimate of $668.92 million. During the same period last year, the business earned $2.08 EPS. Installed Building Products’s revenue was down 3.5% on a year-over-year basis. On average, analysts expect that Installed Building Products, Inc. will post 10.81 EPS for the current year.

Installed Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.39 dividend. 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 0.8%. Installed Building Products’s dividend payout ratio (DPR) is presently 16.63%.

Institutional Trading of Installed Building Products

Several institutional investors and hedge funds have recently modified their holdings of IBP. Danske Bank A S purchased a new position in shares of Installed Building Products during the 3rd quarter valued at $25,000. NewEdge Advisors LLC raised its stake in Installed Building Products by 5,000.0% during the 3rd quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock valued at $25,000 after purchasing an additional 100 shares during the period. Meeder Asset Management Inc. bought a new stake in Installed Building Products during the 1st quarter valued at approximately $30,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Installed Building Products in the third quarter worth $33,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Installed Building Products by 700.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock worth $37,000 after purchasing an additional 133 shares during the last quarter. 99.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Vertical Research raised Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 price objective on the stock in a research report on Friday, February 27th. The Goldman Sachs Group decreased their target price on Installed Building Products from $331.00 to $285.00 and set a “buy” rating for the company in a research report on Friday. Benchmark cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Weiss Ratings downgraded shares of Installed Building Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday. Finally, Stephens reduced their price target on shares of Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating for the company in a research note on Friday. One investment analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Installed Building Products has a consensus rating of “Hold” and a consensus price target of $251.83.

Installed Building Products News Roundup

Here are the key news stories impacting Installed Building Products this week:

• Positive Sentiment: IBP saw multiple insider purchases on May 11, including CFO Michael Thomas Miller, COO Brad A. Wheeler, insider Jason R. Niswonger, and Director Lawrence A. Hilsheimer. Insider buying can signal management confidence that the stock is undervalued. SEC filing
• Positive Sentiment: DA Davidson’s revised $242 price target still implies upside from recent trading levels, suggesting analysts see some recovery potential despite near-term caution. Article
• Neutral Sentiment: Installed Building Products continues to be viewed as a stable but challenged housing/construction name, with mixed signals from recent commentary about demand and costs. Article
• Negative Sentiment: Analyst target cuts and commentary about weak volume and cost pressure suggest earnings momentum could remain muted, which may be weighing on IBP shares. Article

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.