Installed Building Products, Inc. $IBP Stock Holdings Decreased by Voya Investment Management LLC

Voya Investment Management LLC lessened its stake in Installed Building Products, Inc. (NYSE:IBP) by 26.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,170 shares of the construction company’s stock after selling 2,577 shares during the quarter. Voya Investment Management LLC’s holdings in Installed Building Products were worth $1,769,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. Ausbil Investment Management Ltd bought a new stake in Installed Building Products in the third quarter valued at about $697,000. Grant Private Wealth Management Inc acquired a new position in shares of Installed Building Products in the 3rd quarter worth approximately $254,000. New England Research & Management Inc. increased its holdings in shares of Installed Building Products by 28.6% in the 3rd quarter. New England Research & Management Inc. now owns 2,475 shares of the construction company’s stock valued at $610,000 after acquiring an additional 550 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Installed Building Products by 14.4% in the 3rd quarter. GAMMA Investing LLC now owns 1,336 shares of the construction company’s stock valued at $330,000 after acquiring an additional 168 shares during the last quarter. Finally, Texas Permanent School Fund Corp raised its position in shares of Installed Building Products by 3.1% during the 2nd quarter. Texas Permanent School Fund Corp now owns 18,502 shares of the construction company’s stock valued at $3,336,000 after acquiring an additional 558 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wall Street Zen downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Royal Bank Of Canada lifted their price target on shares of Installed Building Products from $184.00 to $203.00 and gave the company an “underperform” rating in a report on Thursday, November 6th. Jefferies Financial Group increased their price objective on shares of Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a research note on Monday, December 15th. Evercore ISI set a $265.00 target price on shares of Installed Building Products in a report on Thursday, November 6th. Finally, Wells Fargo & Company began coverage on Installed Building Products in a research note on Monday, November 17th. They issued an “equal weight” rating for the company. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $226.20.

Insider Activity

In related news, Director Michael H. Thomas sold 2,001 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total value of $536,828.28. Following the completion of the transaction, the director owned 8,373 shares in the company, valued at $2,246,308.44. This represents a 19.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider William Jeffrey Hire sold 5,000 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $251.63, for a total transaction of $1,258,150.00. Following the sale, the insider owned 32,999 shares in the company, valued at $8,303,538.37. This trade represents a 13.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 16.20% of the company’s stock.

Installed Building Products Price Performance

NYSE IBP opened at $267.43 on Monday. The company has a 50-day moving average price of $262.03 and a two-hundred day moving average price of $240.75. Installed Building Products, Inc. has a 52 week low of $150.83 and a 52 week high of $293.53. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 28.79, a price-to-earnings-growth ratio of 4.91 and a beta of 1.90. The company has a current ratio of 2.78, a quick ratio of 2.28 and a debt-to-equity ratio of 1.25.

Installed Building Products (NYSE:IBP) last released its quarterly earnings results on Wednesday, November 5th. The construction company reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.49. Installed Building Products had a return on equity of 62.74% and a net margin of 8.60%.The company had revenue of $778.20 million for the quarter, compared to analysts’ expectations of $751.98 million. During the same quarter in the previous year, the company posted $2.85 earnings per share. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. Analysts forecast that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, December 15th. Installed Building Products’s payout ratio is currently 15.93%.

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.