3,855 Shares in Installed Building Products, Inc. $IBP Bought by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC purchased a new stake in shares of Installed Building Products, Inc. (NYSE:IBP) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,855 shares of the construction company’s stock, valued at approximately $886,000.

Other institutional investors have also bought and sold shares of the company. MGO One Seven LLC raised its position in shares of Installed Building Products by 3.1% during the 4th quarter. MGO One Seven LLC now owns 1,133 shares of the construction company’s stock valued at $294,000 after buying an additional 34 shares in the last quarter. Abel Hall LLC increased its stake in Installed Building Products by 2.8% during the first quarter. Abel Hall LLC now owns 1,289 shares of the construction company’s stock worth $342,000 after acquiring an additional 35 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in Installed Building Products by 2.0% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 1,819 shares of the construction company’s stock valued at $472,000 after purchasing an additional 35 shares during the period. Maryland State Retirement & Pension System raised its position in Installed Building Products by 1.1% during the fourth quarter. Maryland State Retirement & Pension System now owns 3,315 shares of the construction company’s stock valued at $860,000 after purchasing an additional 35 shares during the period. Finally, Petros Family Wealth LLC lifted its stake in shares of Installed Building Products by 4.6% in the 1st quarter. Petros Family Wealth LLC now owns 905 shares of the construction company’s stock valued at $240,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 99.61% of the company’s stock.

Analyst Ratings Changes

IBP has been the subject of a number of recent research reports. Evercore set a $246.00 target price on Installed Building Products in a report on Friday, August 7th. Weiss Ratings downgraded Installed Building Products from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. The Goldman Sachs Group dropped their price objective on shares of Installed Building Products from $331.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Wells Fargo & Company cut their price objective 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. Finally, JPMorgan Chase & Co. cut their price objective 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, May 13th. One research analyst has rated the stock with a Buy rating, ten 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 $249.30.

Insider Buying and Selling

In other Installed Building Products news, CFO Michael Thomas Miller bought 990 shares of Installed Building Products stock in a transaction on Thursday, June 11th. The shares were acquired at an average price of $200.62 per share, for a total transaction of $198,613.80. Following the completion of the purchase, the chief financial officer directly owned 34,209 shares in the company, valued at approximately $6,863,009.58. This trade represents a 2.98% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 13.80% of the stock is owned by company insiders.

Installed Building Products Stock Up 1.3%

Shares of NYSE:IBP opened at $243.40 on Tuesday. Installed Building Products, Inc. has a 1 year low of $193.11 and a 1 year high of $349.00. The business has a 50 day simple moving average of $226.01 and a two-hundred day simple moving average of $258.20. The firm has a market capitalization of $6.47 billion, a PE ratio of 26.20, a price-to-earnings-growth ratio of 4.53 and a beta of 1.70. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.98 and a quick ratio of 2.41.

Installed Building Products (NYSE:IBP) last released its earnings results on Thursday, August 6th. The construction company reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.36. Installed Building Products had a return on equity of 42.12% and a net margin of 8.46%.The firm had revenue of $777.80 million for the quarter, compared to analysts’ expectations of $743.33 million. During the same quarter in the prior year, the firm posted $2.95 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. On average, equities analysts predict that Installed Building Products, Inc. will post 9.78 EPS for the current year.

Installed Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Installed Building Products’s dividend payout ratio is 16.79%.

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.