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

Installed Building Products, Inc. (NYSE:IBP) Director Lawrence Hilsheimer acquired 475 shares of Installed Building Products stock in a transaction dated Monday, May 11th. The stock was purchased at an average cost of $206.22 per share, for a total transaction of $97,954.50. Following the completion of the purchase, the director directly owned 28,468 shares in the company, valued at approximately $5,870,670.96. This represents a 1.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Installed Building Products Stock Performance

NYSE IBP opened at $202.57 on Wednesday. The firm has a market capitalization of $5.46 billion, a P/E ratio of 21.60, a P/E/G ratio of 2.85 and a beta of 1.84. Installed Building Products, Inc. has a 1-year low of $150.83 and a 1-year high of $349.00. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.35 and a quick ratio of 2.76. The business’s 50-day simple moving average is $280.73 and its 200-day simple moving average is $282.05.

Installed Building Products (NYSE:IBP) last released its quarterly earnings data on Thursday, May 7th. The construction company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.17). The firm had revenue of $660.50 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $2.08 earnings per share. Equities analysts predict that Installed Building Products, Inc. will post 10.81 EPS for the current year.

Installed Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, June 15th. Installed Building Products’s payout ratio is currently 16.63%.

Institutional Investors Weigh In On Installed Building Products

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its holdings in Installed Building Products by 26.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,551,161 shares of the construction company’s stock worth $402,356,000 after purchasing an additional 328,725 shares during the last quarter. Giverny Capital Inc. increased its holdings in Installed Building Products by 0.9% during the 4th quarter. Giverny Capital Inc. now owns 519,236 shares of the construction company’s stock worth $134,685,000 after purchasing an additional 4,500 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Installed Building Products by 0.3% in the 4th quarter. First Trust Advisors LP now owns 400,748 shares of the construction company’s stock valued at $103,950,000 after acquiring an additional 1,238 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Installed Building Products by 52.7% in the 4th quarter. Goldman Sachs Group Inc. now owns 355,211 shares of the construction company’s stock valued at $92,138,000 after acquiring an additional 122,561 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Installed Building Products by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 350,996 shares of the construction company’s stock valued at $91,045,000 after acquiring an additional 5,384 shares during the last quarter. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Installed Building Products

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IBP. Evercore set a $226.00 price objective on Installed Building Products in a research note on Friday. Zacks Research lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Stephens dropped their target price on Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $245.00 target price on shares of Installed Building Products in a report on Tuesday, January 13th. Finally, Benchmark downgraded Installed Building Products from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. One research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.