Installed Building Products, Inc. (NYSE:IBP) CAO Sells $128,635.00 in Stock

Installed Building Products, Inc. (NYSE:IBP) CAO Todd R. Fry sold 500 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $257.27, for a total value of $128,635.00. Following the completion of the sale, the chief accounting officer owned 6,822 shares in the company, valued at $1,755,095.94. This trade represents a 6.83% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Installed Building Products Stock Up 0.4%

Shares of IBP stock opened at $267.93 on Friday. The stock has a market cap of $7.32 billion, a P/E ratio of 29.80 and a beta of 1.73. Installed Building Products, Inc. has a 52 week low of $150.83 and a 52 week high of $275.76. The company has a quick ratio of 2.31, a current ratio of 2.85 and a debt-to-equity ratio of 1.27. The company’s fifty day simple moving average is $199.54 and its two-hundred day simple moving average is $180.31.

Installed Building Products (NYSE:IBP) last posted its earnings results on Thursday, August 7th. The construction company reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.50. Installed Building Products had a net margin of 8.45% and a return on equity of 60.27%. The firm had revenue of $760.30 million for the quarter, compared to the consensus estimate of $711.37 million. During the same period in the previous year, the firm posted $2.84 EPS. The business’s quarterly revenue was up 3.1% on a year-over-year basis. Analysts predict that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, September 15th. Installed Building Products’s dividend payout ratio is presently 16.46%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on IBP. Loop Capital cut Installed Building Products from a “buy” rating to a “hold” rating and set a $255.00 price objective on the stock. in a research note on Friday, August 8th. Danske lowered shares of Installed Building Products from a “buy” rating to a “hold” rating and set a $252.00 price objective for the company. in a report on Tuesday. Benchmark lowered their target price on shares of Installed Building Products from $210.00 to $185.00 and set a “buy” rating for the company in a report on Friday, May 9th. Jefferies Financial Group raised their price target on shares of Installed Building Products from $175.00 to $225.00 and gave the company a “hold” rating in a research report on Tuesday. Finally, Zelman & Associates raised shares of Installed Building Products from an “underperform” rating to a “neutral” rating in a research report on Friday, August 8th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $217.36.

Hedge Funds Weigh In On Installed Building Products

Several hedge funds have recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC grew its holdings in Installed Building Products by 14.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 439 shares of the construction company’s stock valued at $78,000 after purchasing an additional 54 shares during the last quarter. McIlrath & Eck LLC grew its holdings in Installed Building Products by 32.3% during the 4th 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. Inspire Advisors LLC grew its holdings in Installed Building Products by 1.3% during the 2nd quarter. Inspire Advisors LLC now owns 4,844 shares of the construction company’s stock valued at $874,000 after purchasing an additional 61 shares during the last quarter. Xponance Inc. grew its holdings in Installed Building Products by 3.9% during the 1st quarter. Xponance Inc. now owns 1,802 shares of the construction company’s stock valued at $309,000 after purchasing an additional 67 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its holdings in Installed Building Products by 1.7% during the 1st quarter. Stratos Wealth Partners LTD. now owns 4,173 shares of the construction company’s stock valued at $716,000 after purchasing an additional 68 shares during the last quarter. 99.61% of the stock is currently owned by institutional investors.

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.