Installed Building Products, Inc. $IBP Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC increased its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 9.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,174 shares of the construction company’s stock after buying an additional 4,230 shares during the period. Janus Henderson Group PLC’s holdings in Installed Building Products were worth $12,779,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Bessemer Group Inc. boosted its holdings in Installed Building Products by 21.4% in the fourth quarter. Bessemer Group Inc. now owns 123,264 shares of the construction company’s stock valued at $31,973,000 after purchasing an additional 21,705 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Installed Building Products by 36,067.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 54,974 shares of the construction company’s stock valued at $14,260,000 after purchasing an additional 54,822 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Installed Building Products by 3.9% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 133,953 shares of the construction company’s stock valued at $35,518,000 after buying an additional 5,042 shares during the period. Norges Bank acquired a new position in shares of Installed Building Products during the fourth quarter worth about $32,359,000. Finally, Calamos Advisors LLC acquired a new position in shares of Installed Building Products during the fourth quarter worth about $900,000. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Installed Building Products Price Performance

Installed Building Products stock opened at $237.82 on Wednesday. Installed Building Products, Inc. has a 12 month low of $193.11 and a 12 month high of $349.00. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.35 and a quick ratio of 2.76. The business has a 50 day simple moving average of $219.11 and a 200-day simple moving average of $262.04. The stock has a market capitalization of $6.41 billion, a PE ratio of 25.35, a price-to-earnings-growth ratio of 5.47 and a beta of 1.70.

Installed Building Products (NYSE:IBP) last issued its quarterly 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). Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The company had revenue of $660.50 million for the quarter, compared to analyst estimates of $668.92 million. During the same period in the prior year, the business earned $2.08 earnings per share. Installed Building Products’s revenue for the quarter was down 3.5% compared to the same quarter last year. Equities analysts predict that Installed Building Products, Inc. will post 9.57 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Installed Building Products from $284.00 to $195.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 13th. The Goldman Sachs Group dropped their price target on 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. Evercore set a $226.00 price target on Installed Building Products in a research report on Friday, May 8th. Wells Fargo & Company reduced their price objective on Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. Finally, Royal Bank Of Canada set a $242.00 price objective on Installed Building Products in a report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Installed Building Products has an average rating of “Hold” and a consensus price target of $247.67.

Insider Activity

In other news, CFO Michael Thomas Miller purchased 990 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average cost of $200.62 per share, with a total value of $198,613.80. Following the completion of the acquisition, the chief financial officer directly owned 34,209 shares of the company’s stock, valued at approximately $6,863,009.58. This trade represents a 2.98% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lawrence A. Hilsheimer acquired 475 shares of Installed Building Products stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of $206.22 per share, with a total value of $97,954.50. Following the transaction, the director owned 28,468 shares of the company’s stock, valued at $5,870,670.96. This trade represents a 1.70% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 5,036 shares of company stock worth $1,042,807 over the last quarter. Insiders own 13.80% of the company’s stock.

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.