Installed Building Products, Inc. (NYSE:IBP) Short Interest Down 12.6% in February

Installed Building Products, Inc. (NYSE:IBP) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 1,487,952 shares, a decline of 12.6% from the February 12th total of 1,702,788 shares. Currently, 6.6% of the company’s shares are short sold. Based on an average trading volume of 404,000 shares, the short-interest ratio is currently 3.7 days. Based on an average trading volume of 404,000 shares, the short-interest ratio is currently 3.7 days. Currently, 6.6% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on IBP. Jefferies Financial Group increased their price objective on shares of Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a research report on Monday, December 15th. Wall Street Zen lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Vertical Research upgraded Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 target price for the company in a report on Friday, February 27th. Royal Bank Of Canada lifted their price target on Installed Building Products from $203.00 to $255.00 and gave the company an “underperform” rating in a research note on Friday, February 27th. Finally, Weiss Ratings raised Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Installed Building Products presently has a consensus rating of “Reduce” and an average price target of $257.73.

Insider Transactions at Installed Building Products

In other news, Director Janet E. Jackson sold 1,410 shares of Installed Building Products stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $293.31, for a total transaction of $413,567.10. Following the transaction, the director owned 5,373 shares in the company, valued at $1,575,954.63. The trade was a 20.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey W. Edwards sold 400,000 shares of the 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 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 SEC filing for this sale provides additional information. 16.20% of the stock is currently owned by insiders.

Institutional Trading of Installed Building Products

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Apollon Wealth Management LLC bought a new stake in Installed Building Products in the third quarter valued at approximately $481,000. Bayforest Capital Ltd increased its holdings in shares of Installed Building Products by 180.0% during the 3rd quarter. Bayforest Capital Ltd now owns 2,853 shares of the construction company’s stock worth $704,000 after acquiring an additional 1,834 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Installed Building Products by 16.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 131,850 shares of the construction company’s stock valued at $32,522,000 after acquiring an additional 18,487 shares during the period. Blalock Williams LLC acquired a new stake in Installed Building Products during the 3rd quarter valued at $792,000. Finally, Watchtower Advisors LP boosted its position in Installed Building Products by 30.4% during the third quarter. Watchtower Advisors LP now owns 32,277 shares of the construction company’s stock worth $7,961,000 after purchasing an additional 7,534 shares during the period. 99.61% of the stock is owned by institutional investors.

Installed Building Products Stock Down 1.4%

Shares of Installed Building Products stock traded down $4.14 during trading hours on Wednesday, reaching $281.75. 58,902 shares of the company’s stock were exchanged, compared to its average volume of 341,048. The stock has a market cap of $7.60 billion, a P/E ratio of 28.96, a P/E/G ratio of 4.05 and a beta of 1.90. The company has a 50 day moving average of $308.79 and a two-hundred day moving average of $277.10. The company has a current ratio of 3.03, a quick ratio of 2.44 and a debt-to-equity ratio of 1.20. Installed Building Products has a fifty-two week low of $150.83 and a fifty-two week high of $349.00.

Installed Building Products (NYSE:IBP) last released its 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. The business had revenue of $747.50 million for the quarter, compared to analyst estimates of $738.97 million. Installed Building Products had a return on equity of 43.71% and a net margin of 8.93%.Installed Building Products’s revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.88 earnings per share. On average, sell-side analysts forecast that Installed Building Products will post 10.66 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $1.80 dividend. This represents a dividend yield of 63.0%. The ex-dividend date of this dividend is Friday, March 13th. Installed Building Products’s dividend payout ratio is presently 16.03%.

Installed Building Products Company 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.