Installed Building Products (NYSE:IBP) Shares Acquired Rep. David Taylor

Representative David Taylor (R-Ohio) recently bought shares of Installed Building Products, Inc. (NYSE:IBP). In a filing disclosed on April 03rd, the Representative disclosed that they had bought between $1,001 and $15,000 in Installed Building Products stock on February 5th. The trade occurred in the Representative’s “DAVID TAYLOR TRUST > SCHWAB JOINT BROKERAGE #1 (HOME GROWN)” account.

Representative David Taylor also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 3/27/2025.
• Purchased $1,001 – $15,000 in shares of Parker-Hannifin (NYSE:PH) on 3/10/2025.
• Purchased $1,001 – $15,000 in shares of JPMorgan Chase & Co. (NYSE:JPM) on 3/10/2025.
• Purchased $1,001 – $15,000 in shares of Eaton (NYSE:ETN) on 3/10/2025.
• Sold $1,001 – $15,000 in shares of American Electric Power (NASDAQ:AEP) on 3/10/2025.
• Sold $1,001 – $15,000 in shares of AT&T (NYSE:T) on 3/10/2025.
• Sold $1,001 – $15,000 in shares of J. M. Smucker (NYSE:SJM) on 2/20/2025.
• Purchased $1,001 – $15,000 in shares of Kroger (NYSE:KR) on 2/20/2025.
• Purchased $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 2/10/2025.
• Purchased $1,001 – $15,000 in shares of J. M. Smucker (NYSE:SJM) on 2/10/2025.

Installed Building Products Stock Performance

Shares of IBP stock opened at $173.19 on Friday. Installed Building Products, Inc. has a 52-week low of $157.93 and a 52-week high of $281.04. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The stock has a market cap of $4.81 billion, a PE ratio of 19.24 and a beta of 2.05. The business has a 50-day simple moving average of $177.57 and a 200-day simple moving average of $201.31.

Installed Building Products Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.37 per share. This is an increase from Installed Building Products’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend was Friday, March 14th. Installed Building Products’s dividend payout ratio (DPR) is currently 16.26%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. DA Davidson decreased their price target on Installed Building Products from $260.00 to $225.00 and set a “buy” rating for the company in a report on Friday, February 28th. Evercore ISI lowered shares of Installed Building Products from an “outperform” rating to an “underperform” rating and dropped their price target for the company from $238.00 to $206.00 in a research report on Monday, December 16th. Benchmark decreased their price objective on shares of Installed Building Products from $250.00 to $210.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. The Goldman Sachs Group lowered their target price on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Truist Financial cut their price target on Installed Building Products from $240.00 to $180.00 and set a “hold” rating for the company in a research note on Monday, March 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Installed Building Products has an average rating of “Hold” and an average target price of $216.09.

Institutional Investors Weigh In On Installed Building Products

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in shares of Installed Building Products by 2.1% in the fourth quarter. Wellington Management Group LLP now owns 143,579 shares of the construction company’s stock worth $25,162,000 after buying an additional 2,939 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Installed Building Products during the 4th quarter worth approximately $823,000. Ascent Group LLC grew its position in shares of Installed Building Products by 18.6% in the fourth quarter. Ascent Group LLC now owns 23,357 shares of the construction company’s stock valued at $4,093,000 after purchasing an additional 3,671 shares in the last quarter. McIlrath & Eck LLC increased its holdings in shares of Installed Building Products by 32.3% in the fourth quarter. McIlrath & Eck LLC now owns 250 shares of the construction company’s stock valued at $44,000 after purchasing an additional 61 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in Installed Building Products during the fourth quarter worth approximately $90,000. Institutional investors and hedge funds own 99.61% of the company’s stock.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio’s 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Taylor (Republican Party) ran for election to the U.S. House to represent Ohio’s 2nd Congressional District. He won in the general election on November 5, 2024.

David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor’s career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

Installed Building Products Company Profile

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.