Insider Selling: Installed Building Products, Inc. (NYSE:IBP) Director Sells $449,121.30 in Stock

Installed Building Products, Inc. (NYSE:IBP) Director Janet E. Jackson sold 2,122 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $211.65, for a total value of $449,121.30. Following the transaction, the director now owns 7,046 shares of the company’s stock, valued at $1,491,285.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Installed Building Products Stock Up 0.8 %

IBP stock opened at $209.01 on Friday. Installed Building Products, Inc. has a twelve month low of $103.50 and a twelve month high of $263.76. The company has a quick ratio of 2.67, a current ratio of 3.18 and a debt-to-equity ratio of 1.25. The firm has a market cap of $5.95 billion, a PE ratio of 23.64 and a beta of 1.91. The business has a 50 day moving average of $239.51 and a 200 day moving average of $203.83.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.42 by $0.03. Installed Building Products had a return on equity of 45.41% and a net margin of 8.90%. The company had revenue of $720.70 million during the quarter, compared to analyst estimates of $688.59 million. During the same quarter last year, the company earned $2.34 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, research analysts forecast that Installed Building Products, Inc. will post 11.22 EPS for the current fiscal year.

Installed Building Products Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 30th. Shareholders of record on Saturday, June 15th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, June 14th. This represents a $1.40 annualized dividend and a yield of 0.67%. Installed Building Products’s dividend payout ratio is 15.84%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. DA Davidson assumed coverage on Installed Building Products in a report on Tuesday, March 5th. They issued a “buy” rating and a $275.00 price objective for the company. Benchmark increased their target price on Installed Building Products from $250.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Truist Financial increased their target price on Installed Building Products from $200.00 to $235.00 and gave the company a “hold” rating in a report on Friday, February 23rd. Royal Bank of Canada increased their target price on Installed Building Products from $216.00 to $220.00 and gave the company a “sector perform” rating in a report on Friday, May 10th. Finally, StockNews.com upgraded Installed Building Products from a “hold” rating to a “buy” rating in a report on Friday, February 16th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Installed Building Products currently has an average rating of “Moderate Buy” and a consensus price target of $229.30.

Institutional Trading of Installed Building Products

Several institutional investors have recently added to or reduced their stakes in IBP. Swedbank AB purchased a new stake in Installed Building Products during the 1st quarter valued at $96,248,000. Channing Capital Management LLC purchased a new stake in Installed Building Products during the 4th quarter valued at $58,696,000. Norges Bank purchased a new stake in Installed Building Products during the 4th quarter valued at $37,583,000. Price T Rowe Associates Inc. MD boosted its stake in Installed Building Products by 1,328.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 197,526 shares of the construction company’s stock valued at $51,107,000 after purchasing an additional 183,696 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of Installed Building Products by 37.6% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 655,219 shares of the construction company’s stock worth $81,830,000 after buying an additional 179,004 shares during the last quarter. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Installed Building Products Company Profile

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 United States. It operates through Installation, Distribution, and Manufacturing operation segments.