Installed Building Products, Inc. $IBP Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. raised its position in Installed Building Products, Inc. (NYSE:IBP) by 56.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,478 shares of the construction company’s stock after acquiring an additional 1,975 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Installed Building Products were worth $1,420,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IBP. Apollon Wealth Management LLC acquired a new position in shares of Installed Building Products during the third quarter worth about $481,000. Bayforest Capital Ltd grew its position in shares of Installed Building Products by 180.0% during the third quarter. Bayforest Capital Ltd now owns 2,853 shares of the construction company’s stock worth $704,000 after buying an additional 1,834 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Installed Building Products by 16.3% during the third quarter. Envestnet Asset Management Inc. now owns 131,850 shares of the construction company’s stock worth $32,522,000 after buying an additional 18,487 shares in the last quarter. Blalock Williams LLC acquired a new position in shares of Installed Building Products during the third quarter worth about $792,000. Finally, Watchtower Advisors LP grew its holdings in Installed Building Products by 30.4% during the 3rd quarter. Watchtower Advisors LP now owns 32,277 shares of the construction company’s stock worth $7,961,000 after acquiring an additional 7,534 shares in the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Installed Building Products Stock Performance

Shares of IBP opened at $308.85 on Friday. The stock has a 50 day moving average price of $294.57 and a 200 day moving average price of $280.60. The company has a quick ratio of 2.44, a current ratio of 3.03 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $8.32 billion, a price-to-earnings ratio of 31.74, a price-to-earnings-growth ratio of 4.24 and a beta of 1.97. Installed Building Products, Inc. has a 52-week low of $150.83 and a 52-week high of $349.00.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings results on Thursday, February 26th. The construction company reported $3.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.83 by $0.41. The firm had revenue of $747.50 million during the quarter, compared to the consensus estimate of $738.97 million. Installed Building Products had a return on equity of 43.71% and a net margin of 8.93%.The firm’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.88 earnings per share. Research analysts predict that Installed Building Products, Inc. will post 10.81 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently declared a special dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were issued a $1.80 dividend. This represents a yield of 63.0%. The ex-dividend date of this dividend was Friday, March 13th. Installed Building Products’s dividend payout ratio is 16.03%.

Insider Buying and Selling

In related news, Director Janet E. Jackson sold 1,410 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $293.31, for a total value of $413,567.10. Following the completion of the transaction, the director directly owned 5,373 shares of the company’s stock, valued at $1,575,954.63. This represents a 20.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey W. Edwards sold 400,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $314.06, for a total value of $125,624,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,727,819 shares of the company’s stock, valued at $542,638,835.14. This trade represents a 18.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 16.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on IBP. Royal Bank Of Canada increased their price objective on shares of Installed Building Products from $203.00 to $255.00 and gave the company an “underperform” rating in a research report on Friday, February 27th. Wall Street Zen cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Weiss Ratings raised shares of Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Zacks Research cut shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Finally, Benchmark cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Wednesday, February 11th. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $259.70.

Installed Building Products Profile

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.