Insider Buying: Installed Building Products (NYSE:IBP) CFO Purchases 2,400 Shares of Stock

Installed Building Products, Inc. (NYSE:IBP) CFO Michael Thomas Miller bought 2,400 shares of the business’s stock in a transaction on Monday, May 11th. The stock was purchased at an average cost of $207.82 per share, for a total transaction of $498,768.00. Following the transaction, the chief financial officer owned 33,219 shares of the company’s stock, valued at $6,903,572.58. This trade represents a 7.79% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Installed Building Products Trading Down 1.8%

NYSE IBP traded down $3.63 during trading on Tuesday, hitting $202.57. The stock had a trading volume of 908,791 shares, compared to its average volume of 373,743. The company has a market capitalization of $5.46 billion, a PE ratio of 21.60, a PEG ratio of 3.05 and a beta of 1.84. Installed Building Products, Inc. has a twelve month low of $150.83 and a twelve month high of $349.00. The company has a quick ratio of 2.76, a current ratio of 3.35 and a debt-to-equity ratio of 1.56. The firm has a 50 day moving average price of $283.25 and a 200 day moving average price of $282.48.

Installed Building Products (NYSE:IBP) last released its earnings results on Thursday, May 7th. The construction company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.96 by ($0.17). The company had revenue of $660.50 million for 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 company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.08 earnings per share. As a group, equities research analysts forecast that Installed Building Products, Inc. will post 10.81 earnings per share for the current year.

Installed Building Products Announces Dividend

The firm 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. The ex-dividend date is Monday, June 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.8%. Installed Building Products’s dividend payout ratio is currently 16.63%.

Analysts Set New Price Targets

IBP has been the topic of a number of recent research reports. Truist Financial dropped their target price on Installed Building Products from $250.00 to $200.00 and set a “hold” rating on the stock in a report on Friday. Wall Street Zen downgraded Installed Building Products from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Vertical Research raised shares of Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 price objective on the stock in a research note on Friday, February 27th. Benchmark downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $245.00 target price on shares of Installed Building Products in a report on Tuesday, January 13th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $251.83.

Institutional Investors Weigh In On Installed Building Products

Institutional investors and hedge funds have recently made changes to their positions in the business. MGO One Seven LLC grew 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 buying an additional 34 shares during the last quarter. Legacy Wealth Asset Management LLC raised its holdings in shares of Installed Building Products by 2.6% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 1,396 shares of the construction company’s stock worth $362,000 after acquiring an additional 35 shares during the last quarter. Abel Hall LLC lifted its position in shares of Installed Building Products by 2.8% in the first quarter. Abel Hall LLC now owns 1,289 shares of the construction company’s stock valued at $342,000 after acquiring an additional 35 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in shares of Installed Building Products by 2.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 1,819 shares of the construction company’s stock valued at $472,000 after acquiring an additional 35 shares in the last quarter. Finally, Maryland State Retirement & Pension System boosted its stake in shares of Installed Building Products by 1.1% during the fourth quarter. Maryland State Retirement & Pension System now owns 3,315 shares of the construction company’s stock valued at $860,000 after acquiring an additional 35 shares during the last quarter. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

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.