Installed Building Products, Inc. (IBP) To Go Ex-Dividend on March 13th

Installed Building Products, Inc. (NYSE:IBP) declared a special dividend on Tuesday, February 24th. Shareholders of record on Friday, March 13th will be given a dividend of 1.80 per share by the construction company on Tuesday, March 31st. This represents a yield of 56.0%. The ex-dividend date of this dividend is Friday, March 13th.

Installed Building Products has a payout ratio of 15.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Installed Building Products to earn $11.02 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 14.2%.

Installed Building Products Price Performance

Shares of IBP opened at $291.22 on Wednesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.03 and a quick ratio of 2.44. Installed Building Products has a fifty-two week low of $150.83 and a fifty-two week high of $349.00. The firm has a market capitalization of $7.86 billion, a PE ratio of 29.93, a PEG ratio of 4.21 and a beta of 1.90. The company’s 50-day moving average is $307.22 and its 200-day moving average is $276.62.

Installed Building Products (NYSE:IBP) last issued its earnings results on Thursday, February 26th. The construction company reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.41. The firm had revenue of $747.50 million for the quarter, compared to analyst estimates of $738.97 million. Installed Building Products had a net margin of 8.93% and a return on equity of 43.71%. The company’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter last year, the business posted $2.88 earnings per share. Equities analysts forecast that Installed Building Products will post 10.66 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Jeffrey W. Edwards sold 400,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $314.06, for a total value of $125,624,000.00. Following the transaction, the chief executive officer owned 1,727,819 shares in the company, valued at approximately $542,638,835.14. This represents a 18.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 16.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IBP. Timucuan Asset Management Inc. FL grew its position in shares of Installed Building Products by 73.2% during the second quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company’s stock valued at $156,261,000 after purchasing an additional 366,250 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position 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 valued at $402,356,000 after acquiring an additional 328,725 shares in the last quarter. Eminence Capital LP boosted its stake in Installed Building Products by 48.5% in the 2nd quarter. Eminence Capital LP now owns 945,101 shares of the construction company’s stock worth $170,421,000 after purchasing an additional 308,717 shares in the last quarter. TD Asset Management Inc raised its stake in Installed Building Products by 2,169.2% in the 3rd quarter. TD Asset Management Inc now owns 271,938 shares of the construction company’s stock worth $67,076,000 after acquiring an additional 259,954 shares during the last quarter. Finally, Orion Porfolio Solutions LLC lifted its holdings in shares of Installed Building Products by 4,659.1% during the second quarter. Orion Porfolio Solutions LLC now owns 171,897 shares of the construction company’s stock worth $30,996,000 after purchasing an additional 168,285 shares during the period. 99.61% of the stock is currently owned by institutional investors.

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.