Insider Selling: Installed Building Products (NYSE:IBP) Director Sells $257,447.16 in Stock

Installed Building Products, Inc. (NYSE:IBP) Director Janet Jackson sold 1,086 shares of Installed Building Products stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $237.06, for a total transaction of $257,447.16. Following the transaction, the director directly owned 5,142 shares in the company, valued at $1,218,962.52. This represents a 17.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Installed Building Products Stock Performance

NYSE IBP opened at $201.51 on Friday. The company has a fifty day moving average price of $233.42 and a 200-day moving average price of $247.69. The firm has a market cap of $5.36 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 3.95 and a beta of 1.71. 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, Inc. has a 1 year low of $193.11 and a 1 year high of $349.00.

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

Installed Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.8%. Installed Building Products’s dividend payout ratio (DPR) is currently 16.79%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on IBP shares. Evercore set a $246.00 target price on Installed Building Products in a report on Friday, August 7th. Zacks Research raised Installed Building Products from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. DA Davidson upped their price objective on Installed Building Products from $242.00 to $250.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Installed Building Products in a research report on Tuesday, August 18th. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $249.30.

Institutional Investors Weigh In On Installed Building Products

Several institutional investors have recently added to or reduced their stakes in IBP. Danske Bank A S bought a new position in Installed Building Products during the third quarter worth about $25,000. NewEdge Advisors LLC raised its position in shares of Installed Building Products by 5,000.0% in the third quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock valued at $25,000 after purchasing an additional 100 shares during the period. Meeder Asset Management Inc. bought a new stake in shares of Installed Building Products in the first quarter valued at approximately $30,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Installed Building Products during the 2nd quarter valued at approximately $31,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Installed Building Products by 700.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock valued at $37,000 after buying an additional 133 shares in the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Installed Building Products Company Profile

Installed Building Products, Inc (NYSE: IBP) is a Columbus, Ohio-based installer of insulation and complementary building products. The company serves residential, commercial and industrial construction markets, with a primary focus on installation services rather than manufacturing.

Its offerings include fiberglass, cellulose and spray foam insulation, as well as related products and services such as fireproofing, garage doors, rain gutters, closet shelving, shower doors and mirrors. Installed Building Products works with builders, contractors and homeowners on new construction, repair and remodeling projects.

Founded in 1977, the company has expanded through a network of local operations serving markets throughout the United States.