Maryland State Retirement & Pension System Sells 3,416 Shares of Installed Building Products, Inc. $IBP

Maryland State Retirement & Pension System lowered its holdings in Installed Building Products, Inc. (NYSE:IBP) by 51.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,280 shares of the construction company’s stock after selling 3,416 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Installed Building Products were worth $809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. State of Wyoming lifted its stake in shares of Installed Building Products by 5.1% in the 2nd quarter. State of Wyoming now owns 1,101 shares of the construction company’s stock worth $199,000 after purchasing an additional 53 shares during the period. Farther Finance Advisors LLC increased its position in Installed Building Products by 31.8% in the third quarter. Farther Finance Advisors LLC now owns 224 shares of the construction company’s stock worth $55,000 after buying an additional 54 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in shares of Installed Building Products by 14.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 439 shares of the construction company’s stock valued at $78,000 after buying an additional 54 shares in the last quarter. Osaic Holdings Inc. lifted its stake in shares of Installed Building Products by 0.8% during the 2nd quarter. Osaic Holdings Inc. now owns 7,524 shares of the construction company’s stock valued at $1,357,000 after buying an additional 57 shares in the last quarter. Finally, Inspire Advisors LLC boosted its stake in Installed Building Products by 1.3% in the 2nd quarter. Inspire Advisors LLC now owns 4,844 shares of the construction company’s stock worth $874,000 after purchasing an additional 61 shares during the period. Institutional investors own 99.61% of the company’s stock.

Insider Buying and Selling

In other Installed Building Products news, Director Michael H. Thomas sold 2,001 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total transaction of $536,828.28. Following the sale, the director owned 8,373 shares of the company’s stock, valued at approximately $2,246,308.44. This trade represents a 19.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William Jeffrey Hire sold 5,000 shares of the business’s 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 completion of the sale, the insider directly owned 32,999 shares of the company’s stock, valued at $8,303,538.37. The trade was a 13.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 16.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Weiss Ratings raised shares of Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Vertical Research began coverage on Installed Building Products in a report on Monday, October 20th. They issued a “sell” rating for the company. Zacks Research downgraded shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Wall Street Zen lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, Royal Bank Of Canada raised their price objective on Installed Building Products from $184.00 to $203.00 and gave the stock an “underperform” rating in a research report on Thursday, November 6th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $235.36.

Installed Building Products Stock Up 1.9%

Installed Building Products stock opened at $305.88 on Thursday. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.78 and a quick ratio of 2.28. The stock has a market capitalization of $8.30 billion, a PE ratio of 32.93, a price-to-earnings-growth ratio of 5.54 and a beta of 1.91. Installed Building Products, Inc. has a 12 month low of $150.83 and a 12 month high of $317.86. The business has a 50 day simple moving average of $272.17 and a 200-day simple moving average of $254.01.

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, beating the consensus estimate 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 during the quarter, compared to analysts’ expectations of $751.98 million. During the same period in the prior year, the business earned $2.85 EPS. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts anticipate that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a $0.37 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.48 annualized dividend and a yield of 0.5%. Installed Building Products’s dividend payout ratio (DPR) is 15.93%.

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.