Janus Henderson Group PLC Takes Position in Installed Building Products Inc (NYSE:IBP)

Share on StockTwits

Janus Henderson Group PLC bought a new stake in Installed Building Products Inc (NYSE:IBP) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 3,813 shares of the construction company’s stock, valued at approximately $226,000.

Several other institutional investors and hedge funds have also recently modified their holdings of IBP. Norges Bank bought a new position in Installed Building Products in the 4th quarter valued at about $5,978,000. 361 Capital LLC bought a new position in shares of Installed Building Products during the 1st quarter worth approximately $3,099,000. PNC Financial Services Group Inc. lifted its position in shares of Installed Building Products by 12.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 474,280 shares of the construction company’s stock worth $23,003,000 after buying an additional 51,840 shares in the last quarter. Scout Investments Inc. lifted its position in shares of Installed Building Products by 65.2% during the 2nd quarter. Scout Investments Inc. now owns 131,298 shares of the construction company’s stock worth $7,775,000 after buying an additional 51,813 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Installed Building Products by 273.2% during the 1st quarter. First Trust Advisors LP now owns 57,557 shares of the construction company’s stock worth $2,792,000 after buying an additional 42,136 shares in the last quarter. Institutional investors own 70.16% of the company’s stock.

IBP has been the topic of several recent analyst reports. Deutsche Bank lifted their target price on shares of Installed Building Products from $47.00 to $55.00 and gave the stock a “positive” rating in a research report on Monday, May 6th. Nomura lifted their target price on shares of Installed Building Products from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, August 9th. Zacks Investment Research cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Thursday, August 15th. SunTrust Banks lifted their target price on shares of Installed Building Products from $50.00 to $54.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Finally, Royal Bank of Canada set a $50.00 price target on shares of Installed Building Products and gave the stock a “hold” rating in a report on Friday, May 3rd. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $47.97.

IBP opened at $54.40 on Wednesday. The company has a fifty day moving average price of $55.08 and a 200-day moving average price of $51.67. The firm has a market capitalization of $1.67 billion, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 1.17 and a beta of 1.23. The company has a debt-to-equity ratio of 2.27, a current ratio of 2.16 and a quick ratio of 1.85. Installed Building Products Inc has a one year low of $29.24 and a one year high of $59.99.

Installed Building Products (NYSE:IBP) last released its quarterly earnings results on Thursday, August 8th. The construction company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.03. Installed Building Products had a net margin of 4.22% and a return on equity of 43.03%. The firm had revenue of $371.80 million during the quarter, compared to analyst estimates of $367.03 million. During the same period in the previous year, the business earned $0.78 EPS. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts expect that Installed Building Products Inc will post 2.97 earnings per share for the current year.

In other news, VP Michael Thomas Miller sold 27,404 shares of the company’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $57.55, for a total transaction of $1,577,100.20. Following the completion of the transaction, the vice president now directly owns 35,973 shares of the company’s stock, valued at $2,070,246.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Vikas Verma sold 30,000 shares of the company’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $53.00, for a total transaction of $1,590,000.00. Following the transaction, the director now directly owns 231,935 shares of the company’s stock, valued at $12,292,555. The disclosure for this sale can be found here. Insiders sold 122,457 shares of company stock valued at $6,873,909 over the last quarter. 25.20% of the stock is owned by company insiders.

About Installed Building Products

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the continental United States. It offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials.

Featured Article: What economic reports are most valuable to investors?

Want to see what other hedge funds are holding IBP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Installed Building Products Inc (NYSE:IBP).

Institutional Ownership by Quarter for Installed Building Products (NYSE:IBP)

Receive News & Ratings for Installed Building Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Installed Building Products and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

UBS Asset Management Americas Inc. Purchases 19,187 Shares of Vanguard FTSE Developed Markets ETF
UBS Asset Management Americas Inc. Purchases 19,187 Shares of Vanguard FTSE Developed Markets ETF
Jane Street Group LLC Has $755,000 Holdings in VANGUARD RUSSELL 3000 ETF
Jane Street Group LLC Has $755,000 Holdings in VANGUARD RUSSELL 3000 ETF
Jane Street Group LLC Has $813,000 Holdings in Invesco S&P High Income Infrastructure ETF
Jane Street Group LLC Has $813,000 Holdings in Invesco S&P High Income Infrastructure ETF
Jane Street Group LLC Sells 79,862 Shares of Reality Shares Nasdaq NexGen Economy ETF
Jane Street Group LLC Sells 79,862 Shares of Reality Shares Nasdaq NexGen Economy ETF
Jane Street Group LLC Trims Stake in GDS Holdings Ltd –
Jane Street Group LLC Trims Stake in GDS Holdings Ltd –
Jane Street Group LLC Invests $793,000 in Interactive Brokers Group, Inc.
Jane Street Group LLC Invests $793,000 in Interactive Brokers Group, Inc.


© 2006-2019 Ticker Report