Russell Investments Group Ltd. Has $3.43 Million Position in Installed Building Products, Inc. $IBP

Russell Investments Group Ltd. grew its holdings in Installed Building Products, Inc. (NYSE:IBP) by 145.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,018 shares of the construction company’s stock after buying an additional 11,260 shares during the quarter. Russell Investments Group Ltd. owned 0.07% of Installed Building Products worth $3,429,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Curio Wealth LLC increased its stake in Installed Building Products by 16,800.0% in the second quarter. Curio Wealth LLC now owns 169 shares of the construction company’s stock valued at $30,000 after acquiring an additional 168 shares during the period. SRH Advisors LLC boosted its holdings in Installed Building Products by 70.8% during the second quarter. SRH Advisors LLC now owns 205 shares of the construction company’s stock valued at $37,000 after purchasing an additional 85 shares in the last quarter. Advisors Asset Management Inc. grew its stake in shares of Installed Building Products by 36.7% in the 1st quarter. Advisors Asset Management Inc. now owns 555 shares of the construction company’s stock valued at $95,000 after purchasing an additional 149 shares during the period. Covestor Ltd raised its holdings in shares of Installed Building Products by 92.1% in the 1st quarter. Covestor Ltd now owns 557 shares of the construction company’s stock worth $96,000 after buying an additional 267 shares in the last quarter. Finally, State of Wyoming raised its holdings in shares of Installed Building Products by 24.8% in the 1st quarter. State of Wyoming now owns 1,048 shares of the construction company’s stock worth $180,000 after buying an additional 208 shares in the last quarter. 99.61% of the stock is owned by institutional investors.

Installed Building Products Stock Performance

Installed Building Products stock opened at $268.25 on Monday. The stock has a 50-day simple moving average of $255.17 and a 200 day simple moving average of $229.58. The stock has a market capitalization of $7.27 billion, a price-to-earnings ratio of 28.87, a P/E/G ratio of 4.93 and a beta of 1.90. The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 1.25. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month high of $280.00.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings data on Wednesday, November 5th. The construction company reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $2.69 by $0.49. Installed Building Products had a net margin of 8.60% and a return on equity of 62.74%. The firm had revenue of $778.20 million for the quarter, compared to analyst estimates of $751.98 million. During the same quarter in the prior year, the firm earned $2.85 EPS. The company’s revenue was up 2.3% on a year-over-year basis. On average, research analysts anticipate that Installed Building Products, Inc. will post 10.66 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently commented on IBP shares. Vertical Research began coverage on Installed Building Products in a research note on Monday, October 20th. They issued a “sell” rating on the stock. DA Davidson downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating and boosted their target price for the company from $225.00 to $252.00 in a research note on Tuesday, August 12th. Jefferies Financial Group increased their target price on shares of Installed Building Products from $175.00 to $225.00 and gave the stock a “hold” rating in a research report on Tuesday, August 12th. Wells Fargo & Company initiated coverage on shares of Installed Building Products in a report on Monday, November 17th. They set an “equal weight” rating for the company. Finally, Evercore ISI set a $265.00 price objective on shares of Installed Building Products in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $222.80.

Insider Activity at Installed Building Products

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

Installed Building Products Company 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.