Jason Niswonger Purchases 455 Shares of Installed Building Products (NYSE:IBP) Stock

Installed Building Products, Inc. (NYSE:IBP) insider Jason Niswonger purchased 455 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average price of $214.80 per share, with a total value of $97,734.00. Following the completion of the purchase, the insider directly owned 17,122 shares in the company, valued at $3,677,805.60. The trade was a 2.73% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Installed Building Products Trading Up 1.6%

NYSE IBP opened at $205.90 on Thursday. The company has a market cap of $5.55 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 2.89 and a beta of 1.84. Installed Building Products, Inc. has a twelve month low of $150.83 and a twelve month high of $349.00. The company has a quick ratio of 2.76, a current ratio of 3.35 and a debt-to-equity ratio of 1.56. The business’s fifty day moving average is $278.32 and its 200 day moving average is $281.62.

Installed Building Products (NYSE:IBP) last issued its earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 return on equity of 42.28% and a net margin of 8.65%.Installed Building Products’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $2.08 EPS. As a group, sell-side analysts expect that Installed Building Products, Inc. will post 10.51 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

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. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.8%. Installed Building Products’s dividend payout ratio is currently 16.63%.

Institutional Investors Weigh In On Installed Building Products

Large investors have recently modified their holdings of the company. Danske Bank A S acquired a new position in Installed Building Products in the third quarter valued at $25,000. NewEdge Advisors LLC raised its position in shares of Installed Building Products by 5,000.0% in the 3rd quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock worth $25,000 after acquiring an additional 100 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Installed Building Products in the 1st quarter valued at about $30,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Installed Building Products during the 3rd quarter valued at about $33,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Installed Building Products by 700.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock valued at $37,000 after purchasing an additional 133 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. The Goldman Sachs Group cut their target price on shares of Installed Building Products from $331.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Royal Bank Of Canada set a $242.00 price target on shares of Installed Building Products in a research note on Monday. DA Davidson cut their price target on shares of Installed Building Products from $270.00 to $242.00 and set a “neutral” rating on the stock in a report on Monday. Zacks Research cut shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Finally, Vertical Research upgraded Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 price objective for the company in a report on Friday, February 27th. One analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Installed Building Products presently has an average rating of “Hold” and a consensus target price of $247.67.

Trending Headlines about Installed Building Products

Here are the key news stories impacting Installed Building Products this week:

• Positive Sentiment: Several IBP executives and directors bought shares this week, including the CFO, COO, and other insiders, signaling confidence that the stock may be undervalued.
• Positive Sentiment: DA Davidson’s new $242 price target still implies upside from recent levels, suggesting some analysts expect a rebound. Article
• Neutral Sentiment: Recent commentary on IBP points to mixed housing-market signals, with volume weakness and cost headwinds balancing the company’s otherwise stable market position. Article
• Negative Sentiment: JPMorgan’s price target cut to $195 and underweight rating are the clearest bearish catalysts, reinforcing concern about near-term earnings pressure and limited upside. Article

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.