Boston Trust Walden Corp Sells 57,376 Shares of Installed Building Products, Inc. $IBP

Boston Trust Walden Corp reduced its stake in Installed Building Products, Inc. (NYSE:IBP) by 24.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 172,829 shares of the construction company’s stock after selling 57,376 shares during the period. Boston Trust Walden Corp’s holdings in Installed Building Products were worth $45,826,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bessemer Group Inc. increased its holdings in shares of Installed Building Products by 21.4% during the fourth quarter. Bessemer Group Inc. now owns 123,264 shares of the construction company’s stock valued at $31,973,000 after acquiring an additional 21,705 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Installed Building Products by 7.6% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 128,911 shares of the construction company’s stock worth $33,438,000 after purchasing an additional 9,080 shares in the last quarter. Watchtower Advisors LP grew its position in Installed Building Products by 30.4% in the 3rd quarter. Watchtower Advisors LP now owns 32,277 shares of the construction company’s stock valued at $7,961,000 after purchasing an additional 7,534 shares during the period. First Trust Advisors LP grew its position in Installed Building Products by 2.4% in the 3rd quarter. First Trust Advisors LP now owns 399,510 shares of the construction company’s stock valued at $98,543,000 after purchasing an additional 9,489 shares during the period. Finally, SG Americas Securities LLC increased its stake in Installed Building Products by 107.3% during the 4th quarter. SG Americas Securities LLC now owns 9,227 shares of the construction company’s stock valued at $2,393,000 after purchasing an additional 4,777 shares in the last quarter. 99.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Stephens lowered their price objective on shares of 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. Wall Street Zen cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Wells Fargo & Company decreased their target price 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. JPMorgan Chase & Co. lowered their target price on shares of Installed Building Products from $284.00 to $195.00 and set an “underweight” rating on the stock in a report on Wednesday, May 13th. Finally, Evercore set a $226.00 price target on shares of Installed Building Products in a research report on Friday, May 8th. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $247.67.

Installed Building Products Stock Performance

NYSE IBP opened at $228.13 on Friday. Installed Building Products, Inc. has a 1 year low of $182.88 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 firm has a market cap of $6.15 billion, a price-to-earnings ratio of 24.32, a PEG ratio of 5.56 and a beta of 1.69. The company has a fifty day moving average price of $227.71 and a 200-day moving average price of $269.49.

Installed Building Products (NYSE:IBP) last posted its earnings results on Thursday, May 7th. The construction company reported $1.79 EPS for the quarter, missing the consensus estimate 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 firm 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 business earned $2.08 EPS. Installed Building Products’s quarterly revenue was down 3.5% compared to the same quarter last year. As a group, equities research analysts predict that Installed Building Products, Inc. will post 9.57 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, June 15th. Installed Building Products’s payout ratio is presently 16.63%.

Insider Activity at Installed Building Products

In other Installed Building Products news, Director Lawrence A. Hilsheimer acquired 475 shares of Installed Building Products stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average cost of $206.22 per share, for a total transaction of $97,954.50. Following the purchase, the director owned 28,468 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jason R. Niswonger bought 455 shares of the stock in a transaction on Monday, May 11th. The shares were acquired at an average cost of $214.80 per share, for a total transaction of $97,734.00. Following the acquisition, the insider directly owned 17,122 shares in the company, valued at approximately $3,677,805.60. This trade represents a 2.73% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 5,036 shares of company stock valued at $1,042,807 over the last quarter. Corporate insiders own 13.80% of the company’s stock.

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.