Swedbank AB Has $26.52 Million Stock Position in Installed Building Products, Inc. $IBP

Swedbank AB cut its stake in Installed Building Products, Inc. (NYSE:IBP) by 21.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 100,000 shares of the construction company’s stock after selling 28,000 shares during the period. Swedbank AB’s holdings in Installed Building Products were worth $26,515,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in IBP. Price T Rowe Associates Inc. MD grew its holdings in Installed Building Products by 26.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,551,161 shares of the construction company’s stock worth $402,356,000 after acquiring an additional 328,725 shares during the period. Orion Porfolio Solutions LLC lifted its stake in shares of Installed Building Products by 4,659.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 171,897 shares of the construction company’s stock valued at $30,996,000 after purchasing an additional 168,285 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Installed Building Products by 84.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 276,690 shares of the construction company’s stock valued at $49,893,000 after purchasing an additional 126,435 shares during the period. Norges Bank bought a new stake in shares of Installed Building Products during the 4th quarter valued at about $32,359,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of Installed Building Products by 52.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 355,211 shares of the construction company’s stock valued at $92,138,000 after purchasing an additional 122,561 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Stock Down 3.2%

Shares of NYSE:IBP opened at $215.09 on Thursday. The business’s 50 day simple moving average is $221.21 and its two-hundred day simple moving average is $268.31. The firm has a market cap of $5.79 billion, a P/E ratio of 22.93, a PEG ratio of 5.51 and a beta of 1.69. 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, Inc. has a 52-week low of $182.88 and a 52-week high of $349.00.

Installed Building Products (NYSE:IBP) last issued its earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $668.92 million. During the same period in the previous year, the company earned $2.08 earnings per share. Installed Building Products’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, research analysts forecast that Installed Building Products, Inc. will post 9.57 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

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

Wall Street Analyst Weigh In

IBP has been the subject of several recent analyst reports. Weiss Ratings cut Installed Building Products from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Wall Street Zen lowered Installed Building Products from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Evercore set a $226.00 price target on Installed Building Products in a report on Friday, May 8th. Stephens reduced 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. Finally, Royal Bank Of Canada set a $242.00 price objective on shares of Installed Building Products in a research note on Monday, May 11th. One research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $247.67.

Insider Buying and Selling at Installed Building Products

In other Installed Building Products news, COO Brad A. Wheeler acquired 716 shares of the company’s stock in a transaction on Monday, May 11th. The shares were purchased at an average cost of $209.13 per share, with a total value of $149,737.08. Following the completion of the purchase, the chief operating officer owned 14,988 shares of the company’s stock, valued at approximately $3,134,440.44. This represents a 5.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jason R. Niswonger acquired 455 shares of Installed Building Products stock in a transaction dated Monday, May 11th. The shares were acquired at an average price of $214.80 per share, with a total value of $97,734.00. Following the completion of the acquisition, the insider directly owned 17,122 shares of the company’s stock, valued at approximately $3,677,805.60. The trade was a 2.73% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have bought 5,036 shares of company stock worth $1,042,807. 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.