Janet Jackson Sells 1,410 Shares of Installed Building Products (NYSE:IBP) Stock

Installed Building Products, Inc. (NYSE:IBP) Director Janet Jackson sold 1,410 shares of Installed Building Products stock in a transaction dated 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 of the company’s stock, valued at $1,575,954.63. The trade was a 20.79% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Installed Building Products Price Performance

Installed Building Products stock opened at $272.35 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.03 and a quick ratio of 2.44. The stock has a market cap of $7.35 billion, a price-to-earnings ratio of 27.99, a price-to-earnings-growth ratio of 3.95 and a beta of 1.90. The firm has a 50-day moving average of $307.94 and a two-hundred day moving average of $276.62. Installed Building Products, Inc. has a 1 year low of $150.83 and a 1 year high of $349.00.

Installed Building Products (NYSE:IBP) last issued its earnings results on Thursday, February 26th. The construction company reported $3.24 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.41. The business 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% compared to the same quarter last year. During the same period last year, the company posted $2.88 earnings per share. On average, 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 company also recently disclosed a special dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a dividend of $1.80 per share. This represents a yield of 66.0%. The ex-dividend date is Friday, March 13th. Installed Building Products’s dividend payout ratio (DPR) is presently 15.21%.

Hedge Funds Weigh In On Installed Building Products

Several institutional investors and hedge funds have recently bought and sold shares of the company. Danske Bank A S purchased a new stake in shares of Installed Building Products during the 3rd quarter valued at $25,000. NewEdge Advisors LLC grew its stake in Installed Building Products by 5,000.0% during the 3rd quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock worth $25,000 after buying an additional 100 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Installed Building Products during the 3rd quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. increased its position in Installed Building Products by 700.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock valued at $37,000 after buying an additional 133 shares in the last quarter. Finally, Salomon & Ludwin LLC purchased a new stake in Installed Building Products in the third quarter valued at about $42,000. 99.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Benchmark downgraded Installed Building Products from a “buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Weiss Ratings upgraded Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Wall Street Zen lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Wells Fargo & Company dropped their target price on shares of 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. Finally, Royal Bank Of Canada raised their target price on shares of Installed Building Products from $203.00 to $255.00 and gave the company an “underperform” rating in a research report on Friday, February 27th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Installed Building Products has a consensus rating of “Reduce” and a consensus price target of $256.09.

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.