2,753 Shares in Installed Building Products, Inc. $IBP Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd acquired a new position in Installed Building Products, Inc. (NYSE:IBP) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 2,753 shares of the construction company’s stock, valued at approximately $679,000.

A number of other institutional investors have also recently bought and sold shares of the business. Aster Capital Management DIFC Ltd acquired a new position in shares of Installed Building Products during the 3rd quarter worth approximately $33,000. Salomon & Ludwin LLC bought a new position in shares of Installed Building Products during the third quarter worth approximately $42,000. Farther Finance Advisors LLC raised its position in shares of 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 buying an additional 54 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Installed Building Products by 14.0% in the second 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 during the period. Finally, Federated Hermes Inc. bought a new stake in shares of Installed Building Products in the third quarter valued at approximately $106,000. Institutional investors own 99.61% of the company’s stock.

Analyst Upgrades and Downgrades

IBP has been the topic of a number of recent research reports. Jefferies Financial Group raised their price objective on Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a research note on Monday, December 15th. Wells Fargo & Company cut their target price on Installed Building Products from $355.00 to $340.00 and set an “equal weight” rating for the company in a research report on Friday, February 27th. Benchmark lowered Installed Building Products from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $245.00 price target on shares of Installed Building Products in a research report on Tuesday, January 13th. Finally, Vertical Research raised Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 price target for the company in a research note on Friday, February 27th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Installed Building Products presently has a consensus rating of “Reduce” and an average target price of $256.09.

Installed Building Products Stock Down 2.4%

NYSE IBP opened at $298.55 on Tuesday. The business has a fifty day moving average price of $306.69 and a two-hundred day moving average price of $276.49. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.03 and a quick ratio of 2.44. Installed Building Products, Inc. has a fifty-two week low of $150.83 and a fifty-two week high of $349.00. The stock has a market capitalization of $8.05 billion, a PE ratio of 30.68, a PEG ratio of 4.29 and a beta of 1.90.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings results on Thursday, February 26th. The construction company reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.41. Installed Building Products had a return on equity of 43.71% and a net margin of 8.93%.The company had revenue of $747.50 million for the quarter, compared to analyst estimates of $738.97 million. During the same quarter last year, the company posted $2.88 EPS. The company’s revenue for the quarter was down .4% compared to the same quarter last year. Equities analysts expect that Installed Building Products, Inc. will post 10.66 earnings per share for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a $1.80 dividend. This represents a yield of 56.0%. The ex-dividend date is Friday, March 13th. Installed Building Products’s payout ratio is currently 15.21%.

Insider Transactions at Installed Building Products

In other Installed Building Products news, CEO Jeffrey W. Edwards sold 400,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $314.06, for a total transaction of $125,624,000.00. Following the completion of the transaction, the chief executive officer owned 1,727,819 shares of the company’s stock, valued at approximately $542,638,835.14. The trade was a 18.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.20% of the stock is currently owned by corporate insiders.

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.