Quantbot Technologies LP Makes New Investment in Installed Building Products, Inc. $IBP

Quantbot Technologies LP bought a new stake in shares of Installed Building Products, Inc. (NYSE:IBP) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,327 shares of the construction company’s stock, valued at approximately $535,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Danske Bank A S bought a new stake in shares of Installed Building Products during the 3rd quarter valued at $25,000. NewEdge Advisors LLC boosted its position in shares of Installed Building Products by 5,000.0% in the 3rd quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock worth $25,000 after purchasing an additional 100 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Installed Building Products during the first quarter worth $30,000. Keating Financial Advisory Services Inc. acquired a new stake in shares of Installed Building Products during the second quarter worth $31,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in 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 valued at $37,000 after purchasing an additional 133 shares during the last quarter. 99.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on IBP. Weiss Ratings restated a “hold (c)” rating on shares of Installed Building Products in a report on Tuesday, August 18th. The Goldman Sachs Group lowered their price target on Installed Building Products from $331.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Royal Bank Of Canada set a $242.00 price target on shares of Installed Building Products in a research report on Monday, May 11th. 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. Finally, Wells Fargo & Company lowered their target price on shares of Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $249.30.

Insider Activity

In related news, CFO Michael Thomas Miller acquired 990 shares of the stock in a transaction dated Thursday, June 11th. The stock was bought at an average price of $200.62 per share, with a total value of $198,613.80. Following the completion of the transaction, the chief financial officer directly owned 34,209 shares of the company’s stock, valued at approximately $6,863,009.58. The trade was a 2.98% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.80% of the stock is owned by corporate insiders.

Installed Building Products Stock Down 1.9%

Shares of Installed Building Products stock opened at $241.24 on Friday. Installed Building Products, Inc. has a 1 year low of $193.11 and a 1 year high of $349.00. The business has a 50-day moving average of $231.77 and a two-hundred day moving average of $254.83. The company has a market capitalization of $6.41 billion, a P/E ratio of 25.97, a price-to-earnings-growth ratio of 4.61 and a beta of 1.70. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.98 and a quick ratio of 2.41.

Installed Building Products (NYSE:IBP) last released its quarterly earnings data on Thursday, August 6th. The construction company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.36. Installed Building Products had a return on equity of 42.12% and a net margin of 8.46%.The business had revenue of $777.80 million for the quarter, compared to analysts’ expectations of $743.33 million. During the same quarter in the previous year, the business posted $2.95 EPS. Installed Building Products’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, equities analysts predict that Installed Building Products, Inc. will post 9.82 EPS for the current year.

Installed Building Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 15th. Installed Building Products’s dividend payout ratio is 16.79%.

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.