Y Intercept Hong Kong Ltd Trims Position in Installed Building Products, Inc. $IBP

Y Intercept Hong Kong Ltd trimmed its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 85.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,556 shares of the construction company’s stock after selling 15,286 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Installed Building Products were worth $630,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in IBP. Curio Wealth LLC raised its holdings 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 purchasing an additional 168 shares during the last quarter. Salomon & Ludwin LLC acquired a new stake in Installed Building Products during the third quarter worth about $42,000. Farther Finance Advisors LLC lifted its holdings 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 valued at $55,000 after acquiring an additional 54 shares during the period. Smartleaf Asset Management LLC boosted its position in Installed Building Products by 14.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 439 shares of the construction company’s stock worth $78,000 after purchasing an additional 54 shares in the last quarter. Finally, Covestor Ltd boosted its position in Installed Building Products by 16.4% in the 3rd quarter. Covestor Ltd now owns 526 shares of the construction company’s stock worth $130,000 after purchasing an additional 74 shares in the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on IBP. Jefferies Financial Group lifted their target price on shares of Installed Building Products from $230.00 to $259.00 and gave the company a “hold” rating in a report on Monday, December 15th. Zacks Research lowered shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Vertical Research started coverage on shares of Installed Building Products in a report on Monday, October 20th. They issued a “sell” rating for the company. Wells Fargo & Company upped their price objective on shares of Installed Building Products from $275.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 14th. Finally, Royal Bank Of Canada raised their target price on Installed Building Products from $184.00 to $203.00 and gave the company an “underperform” rating in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $235.36.

Insider Buying and Selling at Installed Building Products

In other news, insider William Jeffrey Hire sold 5,000 shares of the firm’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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael H. Thomas sold 2,001 shares of the company’s stock in a transaction dated 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 directly owned 8,373 shares of the company’s stock, valued at approximately $2,246,308.44. This 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 Trading Up 5.7%

IBP stock opened at $303.33 on Wednesday. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month high of $317.86. The business’s 50-day moving average is $279.74 and its 200 day moving average is $260.82. The company has a current ratio of 2.78, a quick ratio of 2.28 and a debt-to-equity ratio of 1.25. The stock has a market cap of $8.23 billion, a price-to-earnings ratio of 32.65, a PEG ratio of 5.30 and a beta of 1.92.

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

About Installed Building Products

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.