Installed Building Products, Inc. (NYSE:IBP - Get Free Report) Director Janet Jackson sold 1,086 shares of the firm's stock in a transaction that occurred 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 sale, the director owned 5,142 shares in the company, valued at approximately $1,218,962.52. This trade represents a 17.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Installed Building Products Trading Down 4.5%
Shares of IBP opened at $227.88 on Wednesday. The stock has a fifty day moving average of $234.21 and a two-hundred day moving average of $249.33. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.41 and a current ratio of 2.98. The company has a market capitalization of $6.06 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 4.47 and a beta of 1.71. Installed Building Products, Inc. has a fifty-two week low of $193.11 and a fifty-two week high of $349.00.
Installed Building Products (NYSE:IBP - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The construction company reported $2.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.36. The business had revenue of $777.80 million for the quarter, compared to analysts' expectations of $743.33 million. Installed Building Products had a return on equity of 42.12% and a net margin of 8.46%.The business's revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.95 earnings per share. As a group, analysts forecast that Installed Building Products, Inc. will post 9.82 EPS for the current year.
Installed Building Products Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.39 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.56 annualized dividend and a yield of 0.7%. Installed Building Products's dividend payout ratio is 16.79%.
Wall Street Analyst Weigh In
Several research firms have commented on IBP. JPMorgan Chase & Co. lowered 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. Evercore set a $246.00 target price on Installed Building Products in a report on Friday, August 7th. Weiss Ratings reiterated a "hold (c)" rating on shares of Installed Building Products in a research note on Tuesday, August 18th. Zacks Research upgraded Installed Building Products from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Finally, DA Davidson lifted their price objective on shares of Installed Building Products from $242.00 to $250.00 and gave the company a "neutral" rating in a research note on Monday, August 10th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $249.30.
Get Our Latest Stock Report on IBP
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Installed Building Products by 3.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,130 shares of the construction company's stock worth $2,423,000 after purchasing an additional 486 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Installed Building Products during the 1st quarter valued at approximately $263,000. Jane Street Group LLC boosted its stake in shares of Installed Building Products by 270.0% during the 1st quarter. Jane Street Group LLC now owns 17,192 shares of the construction company's stock valued at $2,948,000 after buying an additional 12,545 shares during the last quarter. Hsbc Holdings PLC grew its position in shares of Installed Building Products by 5.9% during the second quarter. Hsbc Holdings PLC now owns 1,643 shares of the construction company's stock worth $296,000 after buying an additional 92 shares in the last quarter. Finally, Jump Financial LLC increased its stake in shares of Installed Building Products by 959.6% in the second quarter. Jump Financial LLC now owns 18,109 shares of the construction company's stock worth $3,265,000 after buying an additional 16,400 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company's stock.
Installed Building Products Company Profile
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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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