Vest Financial LLC Has $6.52 Million Position in Installed Building Products, Inc. $IBP

Vest Financial LLC boosted its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 18.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,423 shares of the construction company’s stock after buying an additional 4,049 shares during the period. Vest Financial LLC’s holdings in Installed Building Products were worth $6,517,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Arkadios Wealth Advisors increased its position in shares of Installed Building Products by 5.0% during the third quarter. Arkadios Wealth Advisors now owns 3,346 shares of the construction company’s stock worth $825,000 after acquiring an additional 158 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in Installed Building Products by 3.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,265 shares of the construction company’s stock valued at $343,000 after purchasing an additional 43 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Installed Building Products by 5.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,118 shares of the construction company’s stock worth $498,000 after purchasing an additional 114 shares in the last quarter. Amalgamated Bank increased its holdings in Installed Building Products by 0.8% during the 3rd quarter. Amalgamated Bank now owns 6,589 shares of the construction company’s stock worth $1,625,000 after purchasing an additional 50 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of Installed Building Products in the third quarter worth approximately $247,000. 99.61% of the stock is owned by institutional investors.

Installed Building Products Price Performance

Shares of NYSE:IBP opened at $305.88 on Thursday. The company has a market capitalization of $8.30 billion, a P/E ratio of 32.93, a price-to-earnings-growth ratio of 5.54 and a beta of 1.91. The company’s 50-day moving average is $272.17 and its 200 day moving average is $254.01. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.28 and a current ratio of 2.78. Installed Building Products, Inc. has a fifty-two week low of $150.83 and a fifty-two week high of $317.86.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings data on Wednesday, November 5th. The construction company reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.49. The business had revenue of $778.20 million during the quarter, compared to the consensus estimate of $751.98 million. Installed Building Products had a net margin of 8.60% and a return on equity of 62.74%. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.85 earnings per share. On average, equities research analysts forecast that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

Installed Building Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 15th. Installed Building Products’s payout ratio is 15.93%.

Analysts Set New Price Targets

Several research analysts recently issued reports on IBP shares. Weiss Ratings raised Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $245.00 price objective on shares of Installed Building Products in a report on Tuesday, January 13th. Wells Fargo & Company increased their target price on shares of Installed Building Products from $275.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, January 14th. Jefferies Financial Group raised their price target on shares of Installed Building Products from $230.00 to $259.00 and gave the company a “hold” rating in a research report on Monday, December 15th. Finally, Evercore ISI set a $265.00 price objective on shares of Installed Building Products in a research report on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $235.36.

Insider Activity at Installed Building Products

In other Installed Building Products news, Director Michael H. Thomas sold 2,001 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total value of $536,828.28. Following the sale, the director directly owned 8,373 shares in the company, valued at $2,246,308.44. The trade was a 19.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William Jeffrey Hire sold 5,000 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $251.63, for a total value of $1,258,150.00. Following the transaction, the insider owned 32,999 shares of the company’s stock, valued at $8,303,538.37. The trade was a 13.16% decrease in their position. The SEC filing for this sale provides additional information. 16.20% of the stock is currently owned by corporate insiders.

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.