Insider Buying: Installed Building Products (NYSE:IBP) COO Buys $149,737.08 in Stock

Installed Building Products, Inc. (NYSE:IBP) COO Brad Wheeler purchased 716 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were acquired at an average cost of $209.13 per share, with a total value of $149,737.08. Following the purchase, the chief operating officer directly owned 14,988 shares of the company’s stock, valued at approximately $3,134,440.44. The trade was a 5.02% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Installed Building Products Price Performance

IBP stock opened at $216.36 on Friday. The company has a fifty day moving average price of $276.12 and a 200-day moving average price of $281.26. The company has a market capitalization of $5.83 billion, a P/E ratio of 23.07, a PEG ratio of 2.94 and a beta of 1.84. Installed Building Products, Inc. has a 52-week low of $150.83 and a 52-week high of $349.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.76 and a current ratio of 3.35.

Installed Building Products (NYSE:IBP) last released its quarterly earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.17). The business had revenue of $660.50 million for the quarter, compared to the consensus estimate of $668.92 million. Installed Building Products had a net margin of 8.65% and a return on equity of 42.28%. Installed Building Products’s revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.08 EPS. As a group, equities analysts expect that Installed Building Products, Inc. will post 10.51 EPS for the current year.

Installed Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.39 per share. The ex-dividend date is Monday, June 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.7%. Installed Building Products’s dividend payout ratio is 16.63%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on IBP shares. JPMorgan Chase & Co. decreased their price objective on shares of Installed Building Products from $284.00 to $195.00 and set an “underweight” rating for the company in a research report on Wednesday. Wall Street Zen cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Wells Fargo & Company decreased their price objective on shares of Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Vertical Research upgraded shares of Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 price objective for the company in a research report on Friday, February 27th. Finally, Stephens decreased their price objective on shares of Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Installed Building Products currently has a consensus rating of “Reduce” and an average target price of $247.67.

Institutional Investors Weigh In On Installed Building Products

A number of large investors have recently bought and sold shares of IBP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Installed Building Products by 3.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,130 shares of the construction company’s stock worth $2,423,000 after purchasing an additional 486 shares during the period. United Services Automobile Association acquired a new stake in Installed Building Products in the first quarter worth $263,000. Jane Street Group LLC grew its holdings in Installed Building Products by 270.0% in the first quarter. Jane Street Group LLC now owns 17,192 shares of the construction company’s stock worth $2,948,000 after purchasing an additional 12,545 shares during the period. Hsbc Holdings PLC grew its holdings in Installed Building Products by 5.9% in the second quarter. Hsbc Holdings PLC now owns 1,643 shares of the construction company’s stock worth $296,000 after purchasing an additional 92 shares during the period. Finally, Jump Financial LLC grew its holdings in Installed Building Products by 959.6% in the second quarter. Jump Financial LLC now owns 18,109 shares of the construction company’s stock worth $3,265,000 after purchasing an additional 16,400 shares during the period. 99.61% of the stock is currently owned by institutional investors and hedge funds.

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.