Installed Building Products, Inc. $IBP Stake Raised by Sei Investments Co.

Sei Investments Co. lifted its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 6.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,561 shares of the construction company’s stock after buying an additional 3,016 shares during the period. Sei Investments Co.’s holdings in Installed Building Products were worth $13,142,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Danske Bank A S bought a new stake in Installed Building Products during the 3rd quarter valued at $25,000. NewEdge Advisors LLC boosted its position in Installed Building Products by 5,000.0% during the 3rd quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock worth $25,000 after acquiring an additional 100 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Installed Building Products in the first quarter worth $30,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Installed Building Products by 700.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock worth $37,000 after purchasing an additional 133 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Installed Building Products by 446.7% during the first quarter. Parallel Advisors LLC now owns 164 shares of the construction company’s stock valued at $44,000 after purchasing an additional 134 shares during the period. 99.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

IBP has been the topic of a number of recent analyst reports. Evercore set a $226.00 price objective on shares of Installed Building Products in a research note on Friday, May 8th. Zacks Research upgraded shares of Installed Building Products from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Truist Financial lowered their target price on shares of Installed Building Products from $250.00 to $200.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. DA Davidson restated a “neutral” rating and set a $242.00 price target on shares of Installed Building Products in a research report on Monday, June 1st. Finally, Stephens reduced their price target on shares of Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. One analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $247.67.

Insider Buying and Selling

In related news, Director Lawrence A. Hilsheimer bought 475 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average cost of $206.22 per share, for a total transaction of $97,954.50. Following the acquisition, the director directly owned 28,468 shares of the company’s stock, valued at $5,870,670.96. The trade was a 1.70% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Michael Thomas Miller bought 2,400 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were bought at an average cost of $207.82 per share, for a total transaction of $498,768.00. Following the completion of the transaction, the chief financial officer directly 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 disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 5,036 shares of company stock worth $1,042,807 over the last three months. Corporate insiders own 13.80% of the company’s stock.

Installed Building Products Trading Down 2.4%

Shares of Installed Building Products stock opened at $224.88 on Friday. 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 market cap of $6.06 billion, a price-to-earnings ratio of 23.97, a price-to-earnings-growth ratio of 5.52 and a beta of 1.69. The business has a fifty day simple moving average of $218.22 and a 200-day simple moving average of $263.66. Installed Building Products, Inc. has a fifty-two week low of $193.11 and a fifty-two week high of $349.00.

Installed Building Products (NYSE:IBP) last released its 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). Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The firm had revenue of $660.50 million for the quarter, compared to analyst estimates of $668.92 million. During the same period in the previous year, the firm earned $2.08 earnings per share. Installed Building Products’s revenue was down 3.5% on a year-over-year basis. On average, equities analysts forecast that Installed Building Products, Inc. will post 9.57 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued 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 was Monday, June 15th. Installed Building Products’s dividend payout ratio (DPR) is presently 16.63%.

Installed Building Products 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.