Bessemer Group Inc. Increases Stock Holdings in Installed Building Products, Inc. $IBP

Bessemer Group Inc. boosted its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 21.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 123,264 shares of the construction company’s stock after acquiring an additional 21,705 shares during the quarter. Bessemer Group Inc.’s holdings in Installed Building Products were worth $31,973,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. World Investment Advisors boosted its holdings in Installed Building Products by 21.1% during the 4th quarter. World Investment Advisors now owns 2,029 shares of the construction company’s stock valued at $516,000 after acquiring an additional 354 shares during the period. Swiss Life Asset Management Ltd boosted its holdings in Installed Building Products by 15.5% during the 4th quarter. Swiss Life Asset Management Ltd now owns 6,073 shares of the construction company’s stock valued at $1,575,000 after acquiring an additional 814 shares during the period. Drucker Wealth 3.0 LLC boosted its holdings in Installed Building Products by 10.0% during the 4th quarter. Drucker Wealth 3.0 LLC now owns 1,152 shares of the construction company’s stock valued at $299,000 after acquiring an additional 105 shares during the period. MGO One Seven LLC boosted its holdings in Installed Building Products by 3.1% during the 4th quarter. MGO One Seven LLC now owns 1,133 shares of the construction company’s stock valued at $294,000 after acquiring an additional 34 shares during the period. Finally, Sequoia Financial Advisors LLC boosted its holdings in Installed Building Products by 46.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 1,464 shares of the construction company’s stock valued at $380,000 after acquiring an additional 464 shares during the period. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Janet E. Jackson sold 1,410 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $293.31, for a total transaction of $413,567.10. Following the transaction, the director owned 5,373 shares in the company, valued at $1,575,954.63. This trade represents a 20.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lawrence A. Hilsheimer bought 475 shares of the stock in a transaction on Monday, May 11th. The stock was bought at an average price of $206.22 per share, for a total transaction of $97,954.50. Following the completion of the purchase, the director directly owned 28,468 shares in the company, valued at approximately $5,870,670.96. The trade was a 1.70% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 4,046 shares of company stock worth $844,194 over the last ninety days. 13.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on IBP shares. Wall Street Zen lowered Installed Building Products from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Weiss Ratings lowered Installed Building Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Zacks Research lowered Installed Building Products from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. The Goldman Sachs Group cut their target price on Installed Building Products from $331.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Finally, DA Davidson cut their target price on Installed Building Products from $270.00 to $242.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. One analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Installed Building Products has a consensus rating of “Reduce” and an average price target of $247.67.

Installed Building Products Trading Down 3.9%

NYSE:IBP opened at $208.86 on Friday. The stock’s 50 day moving average price is $273.75 and its 200 day moving average price is $280.76. The company has a market capitalization of $5.63 billion, a PE ratio of 22.27, a P/E/G ratio of 4.73 and a beta of 1.84. The company has a quick ratio of 2.76, a current ratio of 3.35 and a debt-to-equity ratio of 1.56. Installed Building Products, Inc. has a 52-week low of $150.83 and a 52-week high of $349.00.

Installed Building Products (NYSE:IBP) last released its quarterly earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.17). The firm had revenue of $660.50 million for the quarter, compared to analysts’ expectations of $668.92 million. Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.08 EPS. On average, research analysts anticipate that Installed Building Products, Inc. will post 10.51 EPS for the current year.

Installed Building Products Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Monday, June 15th. Installed Building Products’s dividend payout ratio (DPR) is currently 16.63%.

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.