Installed Building Products, Inc. $IBP Shares Sold by Van Berkom & Associates Inc.

Van Berkom & Associates Inc. decreased its position in Installed Building Products, Inc. (NYSE:IBP) by 33.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 297,273 shares of the construction company’s stock after selling 146,274 shares during the quarter. Installed Building Products accounts for about 2.1% of Van Berkom & Associates Inc.’s investment portfolio, making the stock its 24th largest holding. Van Berkom & Associates Inc. owned approximately 1.09% of Installed Building Products worth $73,325,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Curio Wealth LLC boosted its stake in shares of Installed Building Products by 16,800.0% in the second quarter. Curio Wealth LLC now owns 169 shares of the construction company’s stock valued at $30,000 after purchasing an additional 168 shares during the period. Salomon & Ludwin LLC purchased a new stake in Installed Building Products during the 3rd quarter worth $42,000. Farther Finance Advisors LLC lifted its holdings in Installed Building Products by 31.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 224 shares of the construction company’s stock worth $55,000 after buying an additional 54 shares in the last quarter. Federated Hermes Inc. purchased a new position in Installed Building Products in the 3rd quarter valued at about $106,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Installed Building Products by 14.0% during the second quarter. Smartleaf Asset Management LLC now owns 439 shares of the construction company’s stock valued at $78,000 after acquiring an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Insider Transactions at Installed Building Products

In related news, insider William Jeffrey Hire sold 5,000 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $251.63, for a total transaction of $1,258,150.00. Following the sale, the insider owned 32,999 shares in the company, valued at $8,303,538.37. This represents a 13.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael H. Thomas sold 2,001 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total transaction of $536,828.28. Following the completion of the transaction, the director directly owned 8,373 shares in the company, valued at $2,246,308.44. This represents a 19.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 16.20% of the company’s stock.

Installed Building Products Stock Performance

IBP stock opened at $303.33 on Wednesday. The stock’s 50 day simple moving average is $279.74 and its 200 day simple moving average is $260.82. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month high of $317.86. The firm has a market cap of $8.23 billion, a P/E ratio of 32.65, a P/E/G ratio of 5.30 and a beta of 1.92. The company has a current ratio of 2.78, a quick ratio of 2.28 and a debt-to-equity ratio of 1.25.

Installed Building Products (NYSE:IBP) last released its quarterly earnings data on Wednesday, November 5th. The construction company reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $2.69 by $0.49. Installed Building Products had a net margin of 8.60% and a return on equity of 62.74%. The firm had revenue of $778.20 million during the quarter, compared to the consensus estimate of $751.98 million. During the same quarter in the previous year, the company posted $2.85 earnings per share. The firm’s revenue was up 2.3% on a year-over-year basis. As a group, equities research analysts predict that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Analysts Set New Price Targets

IBP has been the topic of several recent analyst reports. Vertical Research assumed coverage on Installed Building Products in a research note on Monday, October 20th. They issued a “sell” rating on the stock. Wells Fargo & Company lifted their price objective on Installed Building Products from $275.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 14th. Weiss Ratings cut Installed Building Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 26th. Royal Bank Of Canada raised their price target on shares of Installed Building Products from $184.00 to $203.00 and gave the stock an “underperform” rating in a research report on Thursday, November 6th. Finally, Zacks Research cut shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $235.36.

Installed Building Products 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.