Installed Building Products, Inc. $IBP Position Lessened by SG Americas Securities LLC

SG Americas Securities LLC decreased its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 46.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,897 shares of the construction company’s stock after selling 4,330 shares during the period. SG Americas Securities LLC’s holdings in Installed Building Products were worth $1,298,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IBP. Danske Bank A S acquired a new position in Installed Building Products in the 3rd quarter worth about $25,000. NewEdge Advisors LLC lifted its holdings in shares of Installed Building Products by 5,000.0% during the 3rd quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock valued at $25,000 after buying an additional 100 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of 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 during the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Installed Building Products in the 4th quarter valued at approximately $43,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Installed Building Products in the 3rd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Analyst Upgrades and Downgrades

IBP has been the topic of a number of research reports. Weiss Ratings downgraded Installed Building Products from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. DA Davidson reiterated a “neutral” rating and issued a $242.00 target price on shares of Installed Building Products in a research note on Monday, June 1st. Stephens decreased their target price on shares of Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. The Goldman Sachs Group dropped their price target on shares of Installed Building Products from $331.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Finally, Royal Bank Of Canada set a $242.00 price target on shares of Installed Building Products in a report on Monday, May 11th. One analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $247.67.

Insider Activity

In other news, insider Jason R. Niswonger acquired 455 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average cost of $214.80 per share, with a total value of $97,734.00. Following the acquisition, the insider owned 17,122 shares in the company, valued at approximately $3,677,805.60. This represents a 2.73% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Brad A. Wheeler bought 716 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of $209.13 per share, for a total transaction of $149,737.08. Following the completion of the purchase, the chief operating officer directly owned 14,988 shares in the company, valued at $3,134,440.44. The trade was a 5.02% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 5,036 shares of company stock valued at $1,042,807 over the last three months. Corporate insiders own 13.80% of the company’s stock.

Installed Building Products Stock Performance

Shares of NYSE IBP opened at $228.13 on Friday. The business’s 50-day simple moving average is $226.15 and its 200-day simple moving average is $269.21. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.76 and a current ratio of 3.35. Installed Building Products, Inc. has a 52 week low of $182.88 and a 52 week high of $349.00. The firm has a market cap of $6.15 billion, a price-to-earnings ratio of 24.32, a P/E/G ratio of 5.66 and a beta of 1.69.

Installed Building Products (NYSE:IBP) last posted its earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.17). The company had revenue of $660.50 million during the quarter, compared to analyst estimates of $668.92 million. Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.08 earnings per share. As a group, equities research analysts expect that Installed Building Products, Inc. will post 9.57 earnings per share for the current fiscal year.

Installed Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, June 15th. Installed Building Products’s payout ratio 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.