Key Points
- CFO Michael Thomas Miller bought 2,400 shares of Installed Building Products at $207.82 each, spending about $498,768 and increasing his stake by 7.79%. The filing adds to recent insider buying at the company.
- IBP’s latest quarterly results missed expectations, with EPS of $1.79 versus $1.96 expected and revenue of $660.5 million versus estimates of $668.9 million. Revenue fell 3.5% year over year, signaling softer operating momentum.
- Analysts have turned more cautious, with several price target cuts and an overall “Hold” consensus. The average target is $251.83, above the current share price, but recent commentary points to weak volume and cost pressures.
Installed Building Products, Inc. (NYSE:IBP - Get Free Report) insider Jason Niswonger bought 455 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average cost of $214.80 per share, with a total value of $97,734.00. Following the completion of the transaction, the insider owned 17,122 shares in the company, valued at $3,677,805.60. The trade was a 2.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Installed Building Products Stock Down 1.8%
Shares of NYSE:IBP opened at $202.57 on Wednesday. The firm has a market cap of $5.46 billion, a P/E ratio of 21.60, a P/E/G ratio of 2.85 and a beta of 1.84. The company has a quick ratio of 2.76, a current ratio of 3.35 and a debt-to-equity ratio of 1.56. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month high of $349.00. The business has a fifty day simple moving average of $280.73 and a 200 day simple moving average of $282.05.
Installed Building Products (NYSE:IBP - Get Free Report) last announced 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). The company had revenue of $660.50 million for the quarter, compared to the consensus estimate of $668.92 million. Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The firm's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $2.08 earnings per share. Analysts predict that Installed Building Products, Inc. will post 10.81 earnings per share for the current year.
Installed Building Products Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, June 15th. Installed Building Products's dividend payout ratio (DPR) is currently 16.63%.
Key Stories Impacting Installed Building Products
Here are the key news stories impacting Installed Building Products this week:
- Positive Sentiment: IBP saw multiple insider purchases on May 11, including CFO Michael Thomas Miller, COO Brad A. Wheeler, insider Jason R. Niswonger, and Director Lawrence A. Hilsheimer. Insider buying can signal management confidence that the stock is undervalued. SEC filing
- Positive Sentiment: DA Davidson’s revised $242 price target still implies upside from recent trading levels, suggesting analysts see some recovery potential despite near-term caution. Article
- Neutral Sentiment: Installed Building Products continues to be viewed as a stable but challenged housing/construction name, with mixed signals from recent commentary about demand and costs. Article
- Negative Sentiment: Analyst target cuts and commentary about weak volume and cost pressure suggest earnings momentum could remain muted, which may be weighing on IBP shares. Article
Analyst Ratings Changes
IBP has been the subject of several analyst reports. Zacks Research lowered Installed Building Products from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 16th. Wall Street Zen lowered Installed Building Products from a "buy" rating to a "hold" rating in a research report on Sunday, March 29th. Vertical Research upgraded Installed Building Products from a "sell" rating to a "hold" rating and set a $326.00 price target for the company in a report on Friday, February 27th. Benchmark downgraded Installed Building Products from a "buy" rating to a "hold" rating in a report on Wednesday, February 11th. Finally, Stephens decreased their price target on 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. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Installed Building Products currently has a consensus rating of "Hold" and an average price target of $251.83.
Read Our Latest Analysis on Installed Building Products
Institutional Trading of Installed Building Products
Large investors have recently bought and sold shares of the business. Danske Bank A S acquired a new stake in Installed Building Products during the 3rd quarter worth about $25,000. NewEdge Advisors LLC grew its stake 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 valued at $25,000 after buying an additional 100 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Installed Building Products in the 1st quarter valued at about $30,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Installed Building Products in the 3rd quarter valued at about $33,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Installed Building Products by 700.0% in 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 during the period. 99.61% of the stock is currently owned by institutional investors and hedge funds.
Installed Building Products Company Profile
(
Get Free Report)
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.
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