Installed Building Products, Inc. $IBP Shares Sold by Legal & General Group Plc

Legal & General Group Plc decreased its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 11.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,206 shares of the construction company’s stock after selling 7,884 shares during the period. Legal & General Group Plc’s holdings in Installed Building Products were worth $15,357,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in IBP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Installed Building Products by 3.6% during 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 acquiring an additional 486 shares during the last quarter. United Services Automobile Association purchased a new position in Installed Building Products in the 1st quarter valued at about $263,000. Jane Street Group LLC lifted its holdings in Installed Building Products by 270.0% in the 1st 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 in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Installed Building Products by 5.9% during the 2nd quarter. Hsbc Holdings PLC now owns 1,643 shares of the construction company’s stock worth $296,000 after purchasing an additional 92 shares during the last quarter. Finally, Jump Financial LLC boosted its stake in shares of Installed Building Products by 959.6% during the 2nd quarter. Jump Financial LLC now owns 18,109 shares of the construction company’s stock worth $3,265,000 after purchasing an additional 16,400 shares during the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on IBP shares. Wells Fargo & Company cut 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 research report on Friday, May 8th. Zacks Research lowered shares of Installed Building Products from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 12th. Weiss Ratings cut shares of Installed Building Products from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. cut their price target on Installed Building Products from $284.00 to $195.00 and set an “underweight” rating for the company in a report on Wednesday, May 13th. Finally, Benchmark lowered Installed Building Products from a “buy” rating to a “hold” rating in a research note on Wednesday, February 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’s stock. Based on data from MarketBeat, Installed Building Products presently has a consensus rating of “Reduce” and an average price target of $247.67.

Insider Activity at Installed Building Products

In other news, COO Brad A. Wheeler bought 716 shares of the business’s stock in a transaction that occurred 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 transaction, the chief operating officer owned 14,988 shares of the company’s stock, valued at $3,134,440.44. This represents a 5.02% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Janet E. Jackson sold 1,410 shares of Installed Building Products stock in a transaction on Monday, March 9th. The shares were sold at an average price of $293.31, for a total value of $413,567.10. Following the completion of the transaction, the director owned 5,373 shares in the company, valued at $1,575,954.63. The trade was a 20.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders bought 4,046 shares of company stock worth $844,194. 13.80% of the stock is owned by corporate insiders.

Installed Building Products Trading Up 1.1%

NYSE IBP opened at $204.00 on Wednesday. The company has a market cap of $5.50 billion, a P/E ratio of 21.75, a P/E/G ratio of 4.98 and a beta of 1.71. Installed Building Products, Inc. has a 12 month low of $158.46 and a 12 month high of $349.00. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.35 and a quick ratio of 2.76. The company has a 50-day moving average of $256.98 and a 200-day moving average of $277.63.

Installed Building Products (NYSE:IBP) last released its earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share (EPS) 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 company had revenue of $660.50 million during the quarter, compared to analyst estimates of $668.92 million. During the same period in the prior year, the business posted $2.08 earnings per share. Installed Building Products’s revenue was down 3.5% on a year-over-year basis. As a group, equities analysts predict that Installed Building Products, Inc. will post 9.62 earnings per share for the current year.

Installed Building Products Announces Dividend

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

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.