Installed Building Products (NYSE:IBP) CFO Michael Thomas Miller Purchases 990 Shares

Installed Building Products, Inc. (NYSE:IBP) CFO Michael Thomas Miller purchased 990 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average price of $200.62 per share, for a total transaction of $198,613.80. Following the completion of the acquisition, the chief financial officer owned 34,209 shares of the company’s stock, valued at $6,863,009.58. The trade was a 2.98% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Michael Thomas Miller also recently made the following trade(s):

• On Monday, May 11th, Michael Thomas Miller purchased 2,400 shares of Installed Building Products stock. The shares were purchased at an average price of $207.82 per share, for a total transaction of $498,768.00.

Installed Building Products Stock Up 0.8%

Installed Building Products stock opened at $208.84 on Tuesday. Installed Building Products, Inc. has a fifty-two week low of $162.56 and a fifty-two week high of $349.00. The stock has a market cap of $5.63 billion, a PE ratio of 22.26, a price-to-earnings-growth ratio of 5.11 and a beta of 1.71. The firm’s 50-day simple moving average is $244.45 and its 200 day simple moving average is $274.01. 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 for the quarter, missing the consensus estimate of $1.96 by ($0.17). Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The firm had revenue of $660.50 million for the quarter, compared to analysts’ expectations of $668.92 million. During the same quarter last year, the firm posted $2.08 earnings per share. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. Research analysts predict that Installed Building Products, Inc. will post 9.62 EPS for the current fiscal year.

Installed Building Products Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of 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 valued at $2,423,000 after purchasing an additional 486 shares during the period. United Services Automobile Association bought a new stake in shares of Installed Building Products in the first quarter valued at approximately $263,000. Jane Street Group LLC raised its position in shares of 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 valued at $2,948,000 after purchasing an additional 12,545 shares during the period. Hsbc Holdings PLC raised its position in shares of Installed Building Products by 5.9% in the second quarter. Hsbc Holdings PLC now owns 1,643 shares of the construction company’s stock valued at $296,000 after purchasing an additional 92 shares during the period. Finally, Jump Financial LLC raised its position in shares of Installed Building Products by 959.6% in the second quarter. Jump Financial LLC now owns 18,109 shares of the construction company’s stock valued at $3,265,000 after purchasing an additional 16,400 shares during the period. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on IBP. Evercore set a $226.00 price target on shares of Installed Building Products in a report on Friday, May 8th. Royal Bank Of Canada set a $242.00 target price on shares of Installed Building Products in a research note on Monday, May 11th. Truist Financial dropped their target price on shares of Installed Building Products from $250.00 to $200.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. Wells Fargo & Company dropped their target price on shares of Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. Finally, DA Davidson reiterated a “neutral” rating and issued a $242.00 target price on shares of Installed Building Products in a research note on Monday, June 1st. One equities research analyst has rated the stock with a Buy rating, twelve have assigned 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 an average rating of “Reduce” and an average target price of $247.67.

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.