William Jeffrey Hire Sells 5,000 Shares of Installed Building Products (NYSE:IBP) Stock

Installed Building Products, Inc. (NYSE:IBP) insider William Jeffrey Hire sold 5,000 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $251.63, for a total value of $1,258,150.00. Following the transaction, the insider owned 32,999 shares of the company’s stock, valued at approximately $8,303,538.37. This trade represents a 13.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

William Jeffrey Hire also recently made the following trade(s):

• On Thursday, August 14th, William Jeffrey Hire sold 6,500 shares of Installed Building Products stock. The shares were sold at an average price of $265.71, for a total value of $1,727,115.00.

Installed Building Products Stock Up 0.9%

IBP stock opened at $259.73 on Wednesday. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.85 and a quick ratio of 2.31. The stock has a market capitalization of $7.05 billion, a P/E ratio of 28.89 and a beta of 1.81. The business has a 50-day moving average of $256.03 and a 200-day moving average of $217.47. Installed Building Products, Inc. has a fifty-two week low of $150.83 and a fifty-two week high of $280.00.

Installed Building Products (NYSE:IBP) last announced its earnings results on Wednesday, November 5th. The construction company reported $3.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.49. The business had revenue of $778.20 million for the quarter, compared to analyst estimates of $751.98 million. Installed Building Products had a return on equity of 60.27% and a net margin of 8.45%.Installed Building Products’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.85 EPS. On average, sell-side analysts anticipate that Installed Building Products, Inc. will post 10.66 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.37 dividend. The ex-dividend date is Monday, December 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.6%. Installed Building Products’s dividend payout ratio (DPR) is 15.93%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IBP. Verdence Capital Advisors LLC raised its holdings in shares of Installed Building Products by 3.5% in the 3rd quarter. Verdence Capital Advisors LLC now owns 1,265 shares of the construction company’s stock valued at $343,000 after purchasing an additional 43 shares during the period. Amalgamated Bank grew its holdings in Installed Building Products by 0.8% during the third quarter. Amalgamated Bank now owns 6,589 shares of the construction company’s stock worth $1,625,000 after purchasing an additional 50 shares during the period. State of Wyoming increased its position in Installed Building Products by 5.1% during the second quarter. State of Wyoming now owns 1,101 shares of the construction company’s stock worth $199,000 after buying an additional 53 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Installed Building Products by 31.8% in the third quarter. Farther Finance Advisors LLC now owns 224 shares of the construction company’s stock valued at $55,000 after buying an additional 54 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in Installed Building Products by 14.0% in the second quarter. Smartleaf Asset Management LLC now owns 439 shares of the construction company’s stock valued at $78,000 after buying an additional 54 shares during the period. Institutional investors own 99.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Zelman & Associates upgraded shares of Installed Building Products from an “underperform” rating to a “neutral” rating in a report 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 target on the stock. in a research note on Tuesday, August 12th. DA Davidson downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating and increased their price objective for the stock from $225.00 to $252.00 in a research note on Tuesday, August 12th. Zacks Research upgraded Installed Building Products from a “strong sell” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Jefferies Financial Group lifted their target price on Installed Building Products from $175.00 to $225.00 and gave the company a “hold” rating in a research report on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Installed Building Products presently has an average rating of “Reduce” and a consensus target price of $224.45.

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.