Police & Firemen s Retirement System of New Jersey Buys 250 Shares of Installed Building Products, Inc. $IBP

Police & Firemen s Retirement System of New Jersey grew its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 4.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,354 shares of the construction company’s stock after purchasing an additional 250 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Installed Building Products were worth $965,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Curio Wealth LLC increased its position in shares of Installed Building Products by 16,800.0% during the second quarter. Curio Wealth LLC now owns 169 shares of the construction company’s stock worth $30,000 after buying an additional 168 shares during the period. SRH Advisors LLC lifted its holdings in Installed Building Products by 70.8% in the second quarter. SRH Advisors LLC now owns 205 shares of the construction company’s stock valued at $37,000 after buying an additional 85 shares during the period. Advisors Asset Management Inc. boosted its position in Installed Building Products by 36.7% during the first quarter. Advisors Asset Management Inc. now owns 555 shares of the construction company’s stock valued at $95,000 after acquiring an additional 149 shares during the last quarter. Covestor Ltd grew its holdings in Installed Building Products by 92.1% during the 1st quarter. Covestor Ltd now owns 557 shares of the construction company’s stock worth $96,000 after acquiring an additional 267 shares during the period. Finally, CWM LLC raised its position in shares of Installed Building Products by 178.7% in the 1st quarter. CWM LLC now owns 588 shares of the construction company’s stock worth $101,000 after acquiring an additional 377 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Insider Transactions at Installed Building Products

In related news, COO Brad A. Wheeler sold 3,186 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $275.29, for a total value of $877,073.94. Following the sale, the chief operating officer owned 8,736 shares in the company, valued at $2,404,933.44. This represents a 26.72% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider William Jeffrey Hire sold 5,000 shares of Installed Building Products stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $251.63, for a total value of $1,258,150.00. Following the transaction, the insider owned 32,999 shares of the company’s stock, valued at $8,303,538.37. This trade represents a 13.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 16.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Danske lowered Installed Building Products from a “buy” rating to a “hold” rating and set a $252.00 target price on the stock. in a research report on Tuesday, August 12th. Wall Street Zen raised Installed Building Products from a “hold” rating to a “buy” rating in a research note on Monday, November 10th. Zacks Research raised shares of Installed Building Products from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 14th. Jefferies Financial Group lifted their price objective on shares of Installed Building Products from $175.00 to $225.00 and gave the company a “hold” rating in a research note on Tuesday, August 12th. Finally, Zelman & Associates upgraded shares of Installed Building Products from an “underperform” rating to a “neutral” rating in a research report on Friday, August 8th. Two analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $222.80.

Installed Building Products Trading Up 6.2%

NYSE IBP opened at $258.72 on Friday. The company has a quick ratio of 2.31, a current ratio of 2.85 and a debt-to-equity ratio of 1.27. Installed Building Products, Inc. has a 52 week low of $150.83 and a 52 week high of $280.00. The business has a 50 day moving average price of $253.11 and a 200-day moving average price of $221.80. The company has a market cap of $7.02 billion, a price-to-earnings ratio of 28.78 and a beta of 1.81.

Installed Building Products (NYSE:IBP) last issued its earnings results on Wednesday, November 5th. The construction company reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.49. The company had revenue of $778.20 million for the quarter, compared to analysts’ expectations of $751.98 million. Installed Building Products had a return on equity of 60.27% and a net margin of 8.45%.Installed Building Products’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business earned $2.85 EPS. As a group, equities analysts expect that Installed Building Products, Inc. will post 10.66 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.48 annualized dividend and a dividend yield of 0.6%. Installed Building Products’s payout ratio is presently 15.93%.

Installed Building Products Profile

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.