Installed Building Products, Inc. $IBP Holdings Lifted by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP grew its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 52.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,935 shares of the construction company’s stock after buying an additional 7,222 shares during the period. Brevan Howard Capital Management LP owned 0.08% of Installed Building Products worth $5,164,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new position in Installed Building Products in the 3rd quarter worth approximately $33,000. Salomon & Ludwin LLC bought a new stake in shares of Installed Building Products during the 3rd quarter worth about $42,000. Farther Finance Advisors LLC lifted its position in Installed Building Products by 31.8% in the third quarter. Farther Finance Advisors LLC now owns 224 shares of the construction company’s stock worth $55,000 after purchasing an additional 54 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of Installed Building Products in the third quarter valued at $61,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Installed Building Products by 14.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 439 shares of the construction company’s stock valued at $78,000 after acquiring an additional 54 shares during the last quarter. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Installed Building Products Trading Up 4.7%

NYSE IBP opened at $285.00 on Monday. The firm’s 50 day moving average price is $308.29 and its two-hundred day moving average price is $276.75. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.44 and a current ratio of 3.03. Installed Building Products, Inc. has a twelve month low of $150.83 and a twelve month high of $349.00. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 29.29, a PEG ratio of 4.00 and a beta of 1.90.

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

Installed Building Products Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a $1.80 dividend. This represents a yield of 63.0%. The ex-dividend date of this dividend is Friday, March 13th. Installed Building Products’s dividend payout ratio is currently 16.03%.

Insider Transactions at Installed Building Products

In other Installed Building Products news, Director Janet E. Jackson sold 1,410 shares of Installed Building Products stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $293.31, for a total transaction of $413,567.10. Following the transaction, the director owned 5,373 shares of the company’s stock, valued at $1,575,954.63. The trade was a 20.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Jeffrey W. Edwards sold 400,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 1,727,819 shares in the company, valued at $542,638,835.14. This represents a 18.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 16.20% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $245.00 price objective on shares of Installed Building Products in a research report on Tuesday, January 13th. Wells Fargo & Company decreased their target price on Installed Building Products from $355.00 to $340.00 and set an “equal weight” rating on the stock in a report on Friday, February 27th. Wall Street Zen lowered Installed Building Products from a “buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Weiss Ratings upgraded Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Finally, Zacks Research lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $256.09.

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.