Installed Building Products (NYSE:IBP) Director Sells $257,447.16 in Stock

Installed Building Products, Inc. (NYSE:IBP) Director Janet Jackson sold 1,086 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $237.06, for a total transaction of $257,447.16. Following the sale, the director directly owned 5,142 shares in the company, valued at approximately $1,218,962.52. The trade was a 17.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Installed Building Products Stock Down 4.5%

Shares of Installed Building Products stock traded down $10.69 during trading hours on Tuesday, hitting $227.88. The company had a trading volume of 282,595 shares, compared to its average volume of 389,922. The company’s 50-day moving average is $234.24 and its two-hundred day moving average is $250.04. Installed Building Products, Inc. has a twelve month low of $193.11 and a twelve month high of $349.00. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.98 and a quick ratio of 2.41. The company has a market cap of $6.06 billion, a P/E ratio of 24.53, a price-to-earnings-growth ratio of 4.47 and a beta of 1.71.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings results on Thursday, August 6th. The construction company reported $2.91 EPS for the quarter, topping the consensus estimate of $2.55 by $0.36. Installed Building Products had a net margin of 8.46% and a return on equity of 42.12%. The firm had revenue of $777.80 million for the quarter, compared to analyst estimates of $743.33 million. During the same period last year, the business earned $2.95 EPS. Installed Building Products’s revenue for the quarter was up 2.3% compared to the same quarter last year. Analysts anticipate that Installed Building Products, Inc. will post 9.82 earnings per share for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.39 per share. The ex-dividend date is Tuesday, September 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 16.79%.

Wall Street Analyst Weigh In

Several research firms recently commented on IBP. Royal Bank Of Canada set a $242.00 price target on shares of Installed Building Products in a research report on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of Installed Building Products in a research note on Tuesday, August 18th. Zacks Research raised shares of Installed Building Products from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. DA Davidson increased their target price on shares of Installed Building Products from $242.00 to $250.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Finally, JPMorgan Chase & Co. lowered their price target on Installed Building Products from $284.00 to $195.00 and set an “underweight” rating on the stock in a report on Wednesday, May 13th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $249.30.

Hedge Funds Weigh In On Installed Building Products

Several institutional investors have recently bought and sold shares of the company. Nykredit A S acquired a new stake in shares of Installed Building Products in the 2nd quarter worth $223,000. VELA Investment Management LLC increased its stake in shares of Installed Building Products by 7.0% during the second quarter. VELA Investment Management LLC now owns 8,391 shares of the construction company’s stock worth $1,929,000 after acquiring an additional 548 shares during the period. Corient Private Wealth LP raised its holdings in Installed Building Products by 7.2% during the second quarter. Corient Private Wealth LP now owns 5,093 shares of the construction company’s stock worth $1,171,000 after purchasing an additional 340 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Installed Building Products in the 2nd quarter valued at approximately $1,528,000. Finally, California State Teachers Retirement System lifted its holdings in Installed Building Products by 22,507.1% in the second quarter. California State Teachers Retirement System now owns 6,094,208 shares of the construction company’s stock valued at $1,400,693,000 after acquiring an additional 6,067,251 shares during the period. 99.61% of the stock is owned by institutional investors and hedge funds.

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.