Capital World Investors Sells 25,461 Shares of Installed Building Products, Inc. $IBP

Capital World Investors lessened its position in Installed Building Products, Inc. (NYSE:IBP) by 10.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 227,023 shares of the construction company’s stock after selling 25,461 shares during the period. Capital World Investors’ holdings in Installed Building Products were worth $58,887,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IBP. Danske Bank A S bought a new position in shares of Installed Building Products in the third quarter worth approximately $25,000. NewEdge Advisors LLC lifted its stake in shares of Installed Building Products by 5,000.0% in the third quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock worth $25,000 after buying an additional 100 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Installed Building Products in the third quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Installed Building Products by 700.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock worth $37,000 after buying an additional 133 shares in the last quarter. Finally, Eagle Bay Advisors LLC bought a new position in shares of Installed Building Products in the fourth quarter worth approximately $43,000. Institutional investors own 99.61% of the company’s stock.

Wall Street Analyst Weigh In

IBP has been the topic of several analyst reports. Wall Street Zen downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Truist Financial decreased their price objective on shares of Installed Building Products from $250.00 to $200.00 and set a “hold” rating for the company in a report on Friday, May 8th. 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 report on Friday, May 8th. 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 report on Friday, May 8th. Finally, The Goldman Sachs Group decreased their price objective on shares of Installed Building Products from $331.00 to $285.00 and set a “buy” rating for the company in a report on Friday, May 8th. One research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $247.67.

Installed Building Products Stock Up 2.9%

IBP opened at $206.11 on Wednesday. The company has a quick ratio of 2.76, a current ratio of 3.35 and a debt-to-equity ratio of 1.56. The firm has a 50 day moving average price of $249.36 and a 200-day moving average price of $275.52. Installed Building Products, Inc. has a twelve month low of $162.56 and a twelve month high of $349.00. The stock has a market capitalization of $5.55 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 4.94 and a beta of 1.71.

Installed Building Products (NYSE:IBP) last released its quarterly earnings data on Thursday, May 7th. The construction company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.17). Installed Building Products had a net margin of 8.65% and a return on equity of 42.28%. The company had revenue of $660.50 million for the quarter, compared to analysts’ expectations of $668.92 million. During the same period in the previous year, the firm earned $2.08 earnings per share. The firm’s revenue for the quarter was down 3.5% on a year-over-year basis. Equities research analysts forecast that Installed Building Products, Inc. will post 9.62 earnings per share for the current year.

Installed Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, June 15th. Installed Building Products’s dividend payout ratio is currently 16.63%.

Insider Buying and Selling at Installed Building Products

In other Installed Building Products news, Director Lawrence A. Hilsheimer bought 475 shares of Installed Building Products stock in a transaction on Monday, May 11th. The stock was acquired at an average cost of $206.22 per share, with a total value of $97,954.50. Following the completion of the acquisition, the director owned 28,468 shares in the company, valued at approximately $5,870,670.96. This represents a 1.70% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Brad A. Wheeler bought 716 shares of Installed Building Products stock in a transaction on 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 completion of the acquisition, the chief operating officer owned 14,988 shares of the company’s stock, valued at $3,134,440.44. The trade was a 5.02% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 4,046 shares of company stock valued at $844,194 in the last ninety days. Corporate insiders own 13.80% of the company’s stock.

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.