Installed Building Products, Inc. $IBP Shares Newly Acquired by Integrity Alliance LLC.

Integrity Alliance LLC. purchased a new stake in shares of Installed Building Products, Inc. (NYSE:IBP) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 3,982 shares of the construction company’s stock, valued at approximately $764,000.

Several other institutional investors have also modified their holdings of IBP. Meeder Asset Management Inc. acquired a new stake in Installed Building Products in the first quarter valued at $30,000. Keating Financial Advisory Services Inc. purchased a new position in shares of Installed Building Products during the 2nd quarter worth approximately $31,000. Parallel Advisors LLC boosted its position in shares of Installed Building Products by 446.7% during the 1st quarter. Parallel Advisors LLC now owns 164 shares of the construction company’s stock worth $44,000 after purchasing an additional 134 shares in the last quarter. USA Financial Formulas acquired a new stake in shares of Installed Building Products in the 3rd quarter worth approximately $37,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Installed Building Products during the 2nd quarter valued at about $52,000. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Key Headlines Impacting Installed Building Products

Here are the key news stories impacting Installed Building Products this week:

• Positive Sentiment: Third-quarter revenue rose 3.9% year over year to a record $808.4 million, topping expectations of $787.7 million. IBP also declared a quarterly dividend of $0.39 per share. Company results and dividend announcement
• Neutral Sentiment: Truist raised its price target from $160 to $180 but maintained a Hold rating. The higher target is still below the stock’s cited $220.03 price, making the revision a mixed signal. Truist analyst recommendations
• Negative Sentiment: Adjusted EPS of $2.76 missed analyst expectations of about $2.83 and declined from $3.18 a year earlier. The earnings shortfall may weigh on sentiment despite the revenue beat. Quarterly results coverage
• Negative Sentiment: Royal Bank of Canada cut its price target from $208 to $194 and retained a Sector Perform rating, implying downside from the cited current price. Royal Bank of Canada analyst recommendations

Installed Building Products Stock Down 1.4%

IBP stock opened at $220.03 on Friday. Installed Building Products, Inc. has a twelve month low of $176.15 and a twelve month high of $349.00. The company has a quick ratio of 2.41, a current ratio of 2.98 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $5.85 billion, a PE ratio of 25.03, a P/E/G ratio of 8.76 and a beta of 1.65. The stock’s 50 day moving average is $204.57 and its 200-day moving average is $245.38.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings results on Thursday, November 5th. The construction company reported $2.76 earnings per share for the quarter, missing the consensus estimate of $2.83 by ($0.07). Installed Building Products had a net margin of 8.46% and a return on equity of 42.12%. The company had revenue of $808.40 million for the quarter, compared to the consensus estimate of $787.70 million. During the same period in the prior year, the firm posted $3.18 EPS. The business’s revenue was up 3.9% on a year-over-year basis. Sell-side analysts expect that Installed Building Products, Inc. will post 9.75 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be issued 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 of this dividend is Tuesday, December 15th. Installed Building Products’s payout ratio is 16.79%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada decreased their price target on shares of Installed Building Products from $208.00 to $194.00 and set a “sector perform” rating on the stock in a report on Friday. Weiss Ratings restated a “hold (c)” rating on shares of Installed Building Products in a research report on Tuesday, August 18th. DA Davidson boosted their price target on shares of Installed Building Products from $242.00 to $250.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Evercore set a $222.00 price target on Installed Building Products in a research report on Friday, September 25th. Finally, Melius Research initiated coverage on shares of Installed Building Products in a research note on Tuesday, October 6th. They issued a “hold” rating and a $217.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $229.92.

Insider Buying and Selling at Installed Building Products

In related news, Director Janet Jackson sold 1,086 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $237.06, for a total value of $257,447.16. Following the transaction, the director owned 5,142 shares in the company, valued at approximately $1,218,962.52. The trade was a 17.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.80% of the stock is owned by corporate insiders.

About Installed Building Products

Installed Building Products, Inc (NYSE: IBP) is a residential and commercial building-services company that provides installation services for insulation and other construction products. The company serves homebuilders, contractors, remodelers and other customers through a network of specialized installation businesses.

Its primary offerings include fiberglass, spray foam and blown-in insulation, as well as the installation of garage doors, gutters, fireplaces, shower enclosures, closet systems and other complementary building products.