Installed Building Products (NYSE:IBP) Director Lawrence Hilsheimer Buys 475 Shares

Installed Building Products, Inc. (NYSE:IBP) Director Lawrence Hilsheimer bought 475 shares of the stock in a transaction on Monday, May 11th. The stock was purchased at an average price of $206.22 per share, with a total value of $97,954.50. Following the completion of the purchase, the director owned 28,468 shares of the company’s stock, valued at $5,870,670.96. This represents a 1.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Installed Building Products Stock Down 1.8%

NYSE IBP traded down $3.63 on Tuesday, hitting $202.57. The stock had a trading volume of 908,791 shares, compared to its average volume of 373,743. The business’s fifty day moving average price is $283.25 and its 200 day moving average price is $282.48. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 21.60, a price-to-earnings-growth ratio of 3.05 and a beta of 1.84. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.35 and a quick ratio of 2.76. 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 issued its quarterly earnings data on Thursday, May 7th. The construction company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.96 by ($0.17). The business had revenue of $660.50 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.08 EPS. Equities research analysts anticipate that Installed Building Products, Inc. will post 10.81 earnings per share for the current year.

Installed Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.39 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.8%. Installed Building Products’s dividend payout ratio (DPR) is 16.63%.

Installed Building Products News Summary

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

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

IBP has been the topic of several recent analyst reports. Zacks Research downgraded shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Evercore set a $226.00 target price on shares of Installed Building Products in a research note on Friday. Vertical Research upgraded shares of Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 price target on the stock in a research note on Friday, February 27th. JPMorgan Chase & Co. restated an “underweight” rating and set a $245.00 price target on shares of Installed Building Products in a research note on Tuesday, January 13th. Finally, Weiss Ratings downgraded shares of Installed Building Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. One research 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. According to MarketBeat.com, Installed Building Products presently has an average rating of “Hold” and a consensus price target of $251.83.

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.