Vest Financial LLC Buys 4,049 Shares of Installed Building Products, Inc. $IBP

Vest Financial LLC grew its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 18.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 26,423 shares of the construction company’s stock after buying an additional 4,049 shares during the quarter. Vest Financial LLC owned approximately 0.10% of Installed Building Products worth $6,517,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Eminence Capital LP grew its position in Installed Building Products by 48.5% during the 2nd quarter. Eminence Capital LP now owns 945,101 shares of the construction company’s stock worth $170,421,000 after acquiring an additional 308,717 shares during the last quarter. Timucuan Asset Management Inc. FL grew its holdings 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 worth $156,261,000 after purchasing an additional 366,250 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Installed Building Products by 11.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 593,496 shares of the construction company’s stock valued at $107,019,000 after buying an additional 63,315 shares during the period. Giverny Capital Inc. raised its holdings in Installed Building Products by 1.3% in the 2nd quarter. Giverny Capital Inc. now owns 514,459 shares of the construction company’s stock valued at $92,767,000 after buying an additional 6,386 shares during the last quarter. Finally, Bamco Inc. NY boosted its position in Installed Building Products by 8.5% during the 2nd quarter. Bamco Inc. NY now owns 481,039 shares of the construction company’s stock worth $86,741,000 after buying an additional 37,595 shares during the period. 99.61% of the stock is currently owned by institutional investors.

Installed Building Products Trading Up 1.9%

Shares of IBP stock opened at $305.88 on Thursday. Installed Building Products, Inc. has a fifty-two week low of $150.83 and a fifty-two week high of $317.86. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.28 and a current ratio of 2.78. The stock has a 50 day simple moving average of $272.17 and a two-hundred day simple moving average of $254.01. The company has a market cap of $8.30 billion, a P/E ratio of 32.93, a PEG ratio of 5.54 and a beta of 1.91.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings data on Wednesday, November 5th. The construction company reported $3.18 EPS for the quarter, topping the consensus estimate of $2.69 by $0.49. The company had revenue of $778.20 million during the quarter, compared to the consensus estimate of $751.98 million. Installed Building Products had a net margin of 8.60% and a return on equity of 62.74%. The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.85 EPS. Research analysts forecast that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

Installed Building Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 15th. Installed Building Products’s payout ratio is 15.93%.

Insider Activity

In other news, insider William Jeffrey Hire sold 5,000 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $251.63, for a total transaction of $1,258,150.00. Following the transaction, the insider owned 32,999 shares of the company’s stock, valued at $8,303,538.37. This represents a 13.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael H. Thomas sold 2,001 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total value of $536,828.28. Following the completion of the sale, the director owned 8,373 shares of the company’s stock, valued at approximately $2,246,308.44. This represents a 19.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 16.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on IBP. Jefferies Financial Group upped their price target on shares of Installed Building Products from $230.00 to $259.00 and gave the company a “hold” rating in a research report on Monday, December 15th. Weiss Ratings raised Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Vertical Research initiated coverage on Installed Building Products in a research note on Monday, October 20th. They issued a “sell” rating on the stock. Wall Street Zen downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Zacks Research lowered shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Two equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Installed Building Products has a consensus rating of “Reduce” and a consensus target price of $235.36.

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.