Royce & Associates LP Reduces Stock Position in Installed Building Products, Inc. $IBP

Royce & Associates LP lessened its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 41.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 154,000 shares of the construction company’s stock after selling 108,333 shares during the quarter. Royce & Associates LP’s holdings in Installed Building Products were worth $39,946,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Hantz Financial Services Inc. boosted its holdings in shares of Installed Building Products by 255.3% during the 4th quarter. Hantz Financial Services Inc. now owns 302 shares of the construction company’s stock valued at $78,000 after acquiring an additional 217 shares during the last quarter. Coldstream Capital Management Inc. purchased a new stake in shares of Installed Building Products during the 4th quarter valued at about $208,000. Life Cycle Investment Partners Ltd purchased a new stake in shares of Installed Building Products during the 4th quarter valued at about $28,312,000. Jefferies Financial Group Inc. purchased a new stake in shares of Installed Building Products during the 4th quarter valued at about $246,000. Finally, Global Retirement Partners LLC boosted its holdings in shares of Installed Building Products by 2,200.0% during the 4th quarter. Global Retirement Partners LLC now owns 322 shares of the construction company’s stock valued at $84,000 after acquiring an additional 308 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Insider Buying and Selling

In other Installed Building Products news, Director Janet E. Jackson sold 1,410 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $293.31, for a total transaction of $413,567.10. Following the sale, the director owned 5,373 shares in the company, valued at approximately $1,575,954.63. This trade represents a 20.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Michael Thomas Miller bought 2,400 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were purchased at an average price of $207.82 per share, for a total transaction of $498,768.00. Following the purchase, the chief financial officer owned 33,219 shares in the company, valued at $6,903,572.58. This trade represents a 7.79% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 4,046 shares of company stock valued at $844,194 in the last 90 days. 13.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IBP. Evercore set a $226.00 price target on shares of Installed Building Products in a report on Friday, May 8th. Truist Financial dropped their price objective on shares of Installed Building Products from $250.00 to $200.00 and set a “hold” rating on the stock in a report on Friday, May 8th. Stephens dropped 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. Weiss Ratings downgraded shares of Installed Building Products from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Finally, DA Davidson dropped their price objective 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, May 11th. One analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Installed Building Products currently has a consensus rating of “Reduce” and a consensus price target of $247.67.

Installed Building Products Stock Performance

IBP opened at $214.05 on Tuesday. The company has a current ratio of 3.35, a quick ratio of 2.76 and a debt-to-equity ratio of 1.56. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 22.82, a PEG ratio of 5.29 and a beta of 1.84. The company’s 50 day moving average is $264.10 and its 200 day moving average is $279.18. Installed Building Products, Inc. has a 12-month low of $152.18 and a 12-month high of $349.00.

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). The business had revenue of $660.50 million during the quarter, compared to analysts’ expectations of $668.92 million. Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $2.08 EPS. On average, equities research analysts predict that Installed Building Products, Inc. will post 9.62 EPS for the current year.

Installed Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.7%. Installed Building Products’s dividend payout ratio (DPR) is presently 16.63%.

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.