Daiwa Securities Group Inc. Acquires New Shares in Installed Building Products, Inc. $IBP

Daiwa Securities Group Inc. acquired a new stake in Installed Building Products, Inc. (NYSE:IBP) in the fourth quarter, Holdings Channel.com reports. The firm acquired 4,065 shares of the construction company’s stock, valued at approximately $1,054,000.

A number of other hedge funds have also bought and sold shares of the business. TD Asset Management Inc grew its stake in Installed Building Products by 16.4% in the 4th quarter. TD Asset Management Inc now owns 316,532 shares of the construction company’s stock valued at $82,105,000 after buying an additional 44,594 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Installed Building Products by 52.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 355,211 shares of the construction company’s stock valued at $92,138,000 after purchasing an additional 122,561 shares in the last quarter. Natixis Advisors LLC grew its position in shares of Installed Building Products by 0.5% during the 4th quarter. Natixis Advisors LLC now owns 34,346 shares of the construction company’s stock valued at $8,909,000 after purchasing an additional 163 shares in the last quarter. Norges Bank purchased a new position in shares of Installed Building Products during the 4th quarter valued at $32,359,000. Finally, Eurizon Capital SGR S.p.A. purchased a new position in shares of Installed Building Products during the 4th quarter valued at $125,000. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Installed Building Products Stock Performance

NYSE IBP opened at $195.41 on Thursday. Installed Building Products, Inc. has a 52-week low of $162.56 and a 52-week high of $349.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.76 and a current ratio of 3.35. The company has a market capitalization of $5.26 billion, a P/E ratio of 20.83, a P/E/G ratio of 5.09 and a beta of 1.71. The company has a fifty day moving average of $248.12 and a 200-day moving average of $275.18.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings data 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). Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The company had revenue of $660.50 million for the quarter, compared to the consensus estimate of $668.92 million. During the same period in the prior year, the firm posted $2.08 earnings per share. The business’s revenue was down 3.5% on a year-over-year basis. As a group, equities research analysts predict that Installed Building Products, Inc. will post 9.62 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders 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 yield of 0.8%. Installed Building Products’s payout ratio is currently 16.63%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on IBP. Truist Financial reduced their price target on shares of Installed Building Products from $250.00 to $200.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Benchmark lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Wells Fargo & Company reduced their price target on shares of Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Weiss Ratings lowered shares of Installed Building Products from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Finally, DA Davidson restated a “neutral” rating and set a $242.00 price target on shares of Installed Building Products in a research report on Monday, June 1st. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $247.67.

Insider Buying and Selling at Installed Building Products

In other Installed Building Products news, Director Lawrence A. Hilsheimer purchased 475 shares of the stock in a transaction on Monday, May 11th. The stock was acquired at an average cost of $206.22 per share, with a total value of $97,954.50. Following the completion of the purchase, the director directly owned 28,468 shares of the company’s stock, valued at approximately $5,870,670.96. This trade represents a 1.70% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Michael Thomas Miller purchased 2,400 shares of the stock in a transaction on Monday, May 11th. The stock was acquired at an average cost of $207.82 per share, with a total value of $498,768.00. Following the completion of the purchase, the chief financial officer directly owned 33,219 shares of the company’s stock, valued at $6,903,572.58. The trade was a 7.79% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders acquired 4,046 shares of company stock valued at $844,194. Company insiders own 13.80% of the company’s stock.

Installed Building Products Company 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.