Bamco Inc. NY Trims Holdings in Installed Building Products, Inc. $IBP

Bamco Inc. NY decreased its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 4.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 458,182 shares of the construction company’s stock after selling 22,857 shares during the period. Bamco Inc. NY owned 1.69% of Installed Building Products worth $113,015,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Installed Building Products by 3.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,130 shares of the construction company’s stock worth $2,423,000 after buying an additional 486 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Installed Building Products during the first quarter valued at approximately $263,000. Jane Street Group LLC raised its holdings in shares of Installed Building Products by 270.0% during the first quarter. Jane Street Group LLC now owns 17,192 shares of the construction company’s stock valued at $2,948,000 after acquiring an additional 12,545 shares in the last quarter. Bank of Montreal Can raised its holdings in shares of Installed Building Products by 4.0% during the second quarter. Bank of Montreal Can now owns 5,552 shares of the construction company’s stock valued at $1,001,000 after acquiring an additional 214 shares in the last quarter. Finally, Profund Advisors LLC purchased a new stake in Installed Building Products in the second quarter worth $207,000. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jeffrey W. Edwards sold 400,000 shares of Installed Building Products stock in a transaction dated Tuesday, March 3rd. The stock was 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 of the company’s stock, valued at $542,638,835.14. The trade was a 18.80% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the transaction, the director directly owned 5,373 shares of the company’s stock, valued at $1,575,954.63. This trade represents a 20.79% 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 insiders.

Installed Building Products Price Performance

IBP opened at $285.00 on Friday. The company has a current ratio of 3.03, a quick ratio of 2.44 and a debt-to-equity ratio of 1.20. The company has a market cap of $7.69 billion, a price-to-earnings ratio of 29.29, a price-to-earnings-growth ratio of 4.00 and a beta of 1.90. The stock has a fifty day simple moving average of $308.29 and a two-hundred day simple moving average of $276.70. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month high of $349.00.

Installed Building Products (NYSE:IBP) last issued its quarterly 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. Installed Building Products had a net margin of 8.93% and a return on equity of 43.71%. The company had revenue of $747.50 million during the quarter, compared to analysts’ expectations of $738.97 million. During the same period last year, the company posted $2.88 EPS. Installed Building Products’s revenue was down .4% on a year-over-year basis. Research analysts predict that Installed Building Products, Inc. will post 10.66 earnings per share for the current fiscal year.

Installed Building Products Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $1.80 per share. 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 (DPR) is 15.21%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on IBP shares. Benchmark cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. Weiss Ratings raised shares of Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research 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. Vertical Research upgraded shares of Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 price target on the stock in a research report on Friday, February 27th. Finally, Zacks Research downgraded shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price 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.