Dynamic Technology Lab Private Ltd Invests $679,000 in Installed Building Products, Inc. $IBP

Dynamic Technology Lab Private Ltd bought a new position in shares of Installed Building Products, Inc. (NYSE:IBP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,753 shares of the construction company’s stock, valued at approximately $679,000.

Other hedge funds have also added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new stake in Installed Building Products in the 3rd quarter valued at $33,000. Salomon & Ludwin LLC acquired a new position in shares of Installed Building Products during the 3rd quarter worth about $42,000. Farther Finance Advisors LLC boosted its stake in shares of Installed Building Products by 31.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 224 shares of the construction company’s stock worth $55,000 after buying an additional 54 shares during the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Installed Building Products by 14.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 439 shares of the construction company’s stock valued at $78,000 after acquiring an additional 54 shares in the last quarter. Finally, Federated Hermes Inc. bought a new position in shares of Installed Building Products in the 3rd quarter valued at about $106,000. Institutional investors own 99.61% of the company’s stock.

Wall Street Analysts Forecast Growth

IBP has been the topic of several analyst reports. Wall Street Zen lowered Installed Building Products from a “buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Benchmark downgraded Installed Building Products from a “buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Weiss Ratings raised Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $245.00 price objective on shares of Installed Building Products in a research note on Tuesday, January 13th. Finally, Wells Fargo & Company cut their price objective on Installed Building Products from $355.00 to $340.00 and set an “equal weight” rating for the company in a report on Friday, February 27th. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $256.09.

Insiders Place Their Bets

In other news, CEO Jeffrey W. Edwards sold 400,000 shares of Installed Building Products stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $314.06, for a total transaction of $125,624,000.00. Following the completion of the sale, the chief executive officer owned 1,727,819 shares of the company’s stock, valued at approximately $542,638,835.14. This trade represents a 18.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.20% of the stock is owned by insiders.

Installed Building Products Trading Down 2.4%

Shares of IBP stock opened at $298.55 on Tuesday. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month high of $349.00. The company has a market capitalization of $8.05 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 4.29 and a beta of 1.90. The firm has a 50 day moving average price of $306.69 and a two-hundred day moving average price of $276.49. The company has a quick ratio of 2.44, a current ratio of 3.03 and a debt-to-equity ratio of 1.20.

Installed Building Products (NYSE:IBP) last posted its earnings results on Thursday, February 26th. The construction company reported $3.24 EPS for the quarter, beating the consensus estimate of $2.83 by $0.41. The company had revenue of $747.50 million for the quarter, compared to the consensus estimate of $738.97 million. Installed Building Products had a return on equity of 43.71% and a net margin of 8.93%.The firm’s revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.88 earnings per share. As a group, analysts predict 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 given a dividend of $1.80 per share. The ex-dividend date is Friday, March 13th. This represents a yield of 56.0%. Installed Building Products’s dividend payout ratio (DPR) is presently 15.21%.

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.