LRT Capital Management LLC Buys 5,686 Shares of Installed Building Products, Inc. $IBP

LRT Capital Management LLC lifted its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 503.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,815 shares of the construction company’s stock after acquiring an additional 5,686 shares during the quarter. LRT Capital Management LLC’s holdings in Installed Building Products were worth $1,681,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in IBP. Verdence Capital Advisors LLC lifted its holdings in Installed Building Products by 3.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 1,265 shares of the construction company’s stock worth $343,000 after purchasing an additional 43 shares during the last quarter. Amalgamated Bank raised its position in shares of Installed Building Products by 0.8% in the third quarter. Amalgamated Bank now owns 6,589 shares of the construction company’s stock valued at $1,625,000 after purchasing an additional 50 shares during the period. State of Wyoming raised its position in shares of Installed Building Products by 5.1% in the second quarter. State of Wyoming now owns 1,101 shares of the construction company’s stock valued at $199,000 after purchasing an additional 53 shares during the period. Farther Finance Advisors LLC lifted its stake 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 worth $55,000 after buying an additional 54 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings 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 worth $78,000 after buying an additional 54 shares during the period. Institutional investors and hedge funds own 99.61% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on IBP shares. Vertical Research upgraded shares of Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 target price on the stock in a research note on Friday, February 27th. Royal Bank Of Canada upped their price target on shares of Installed Building Products from $203.00 to $255.00 and gave the company an “underperform” rating in a report on Friday, February 27th. Weiss Ratings raised Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $245.00 price objective on shares of Installed Building Products in a research note on Tuesday, January 13th. Finally, Jefferies Financial Group boosted their price objective on Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a research report on Monday, December 15th. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $256.09.

Insider Activity

In other Installed Building Products news, Director Janet E. Jackson sold 1,410 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $293.31, for a total value of $413,567.10. Following the completion of the sale, the director owned 5,373 shares in the company, valued at approximately $1,575,954.63. This trade represents a 20.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey W. Edwards sold 400,000 shares of Installed Building Products stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $314.06, for a total value of $125,624,000.00. Following the sale, the chief executive officer directly owned 1,727,819 shares in the company, valued at $542,638,835.14. The trade was a 18.80% 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 Price Performance

NYSE:IBP opened at $288.48 on Tuesday. 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 one year low of $150.83 and a one year high of $349.00. The company has a fifty day moving average price of $308.58 and a 200 day moving average price of $276.93. The stock has a market cap of $7.78 billion, a P/E ratio of 29.65, a PEG ratio of 4.00 and a beta of 1.90.

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

Installed Building Products Announces Dividend

The company also recently announced a special dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a yield of 63.0%. Installed Building Products’s dividend payout ratio (DPR) is 16.03%.

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.