Vest Financial LLC Has $7.45 Million Holdings in Installed Building Products, Inc. $IBP

Vest Financial LLC lifted its position in Installed Building Products, Inc. (NYSE:IBP) by 8.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,714 shares of the construction company’s stock after buying an additional 2,291 shares during the quarter. Vest Financial LLC’s holdings in Installed Building Products were worth $7,448,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. M&T Bank Corp lifted its position in Installed Building Products by 205.5% during the 4th quarter. M&T Bank Corp now owns 5,822 shares of the construction company’s stock worth $1,510,000 after acquiring an additional 3,916 shares during the last quarter. Pictet Asset Management Holding SA grew its position in shares of Installed Building Products by 6.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 3,329 shares of the construction company’s stock valued at $864,000 after purchasing an additional 194 shares during the last quarter. ST Germain D J Co. Inc. acquired a new stake in shares of Installed Building Products in the fourth quarter valued at about $174,000. Calamos Advisors LLC bought a new position in shares of Installed Building Products in the fourth quarter worth about $900,000. Finally, Evergreen Capital Management LLC lifted its position in shares of Installed Building Products by 5.7% during the 4th quarter. Evergreen Capital Management LLC now owns 1,543 shares of the construction company’s stock worth $400,000 after purchasing an additional 83 shares during the last quarter. Institutional investors own 99.61% of the company’s stock.

Installed Building Products Stock Down 1.4%

Shares of NYSE:IBP opened at $294.22 on Wednesday. The company’s fifty day moving average is $291.99 and its 200-day moving average is $282.42. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.44 and a current ratio of 3.03. Installed Building Products, Inc. has a 52 week low of $150.83 and a 52 week high of $349.00. The company has a market capitalization of $7.93 billion, a PE ratio of 30.24, a P/E/G ratio of 4.13 and a beta of 1.97.

Installed Building Products (NYSE:IBP) last announced 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. The firm had revenue of $747.50 million during the quarter, compared to the consensus estimate of $738.97 million. Installed Building Products had a net margin of 8.93% and a return on equity of 43.71%. The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same period last year, the firm posted $2.88 EPS. Equities research analysts predict that Installed Building Products, Inc. will post 10.81 earnings per share for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently disclosed a special dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were paid a $1.80 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a yield of 63.0%. Installed Building Products’s payout ratio is currently 16.03%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Vertical Research raised Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 target price on the stock in a report on Friday, February 27th. DA Davidson lifted their target price on Installed Building Products from $252.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 18th. 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. Benchmark cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Wednesday, February 11th. Finally, Wells Fargo & Company lowered their price objective on Installed Building Products from $340.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Installed Building Products presently has a consensus rating of “Reduce” and an average target price of $259.70.

Insider Buying and Selling at Installed Building Products

In other news, CEO Jeffrey W. Edwards sold 400,000 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer directly owned 1,727,819 shares in the company, valued at approximately $542,638,835.14. This trade represents a 18.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Janet E. Jackson sold 1,410 shares of the company’s 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 approximately $1,575,954.63. This trade represents a 20.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 13.80% of the stock is currently owned by corporate insiders.

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.