Installed Building Products (NYSE:IBP) Insider Jason Niswonger Purchases 455 Shares of Stock

Installed Building Products, Inc. (NYSE:IBP) insider Jason Niswonger bought 455 shares of the firm’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average cost of $214.80 per share, for a total transaction of $97,734.00. Following the transaction, the insider directly owned 17,122 shares of the company’s stock, valued at $3,677,805.60. The trade was a 2.73% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Installed Building Products Price Performance

Installed Building Products stock opened at $202.57 on Wednesday. Installed Building Products, Inc. has a 12 month low of $150.83 and a 12 month high of $349.00. The stock’s 50 day moving average is $280.73 and its 200-day moving average is $282.05. The company has a current ratio of 3.35, a quick ratio of 2.76 and a debt-to-equity ratio of 1.56. The company has a market capitalization of $5.46 billion, a price-to-earnings ratio of 21.60, a PEG ratio of 2.85 and a beta of 1.84.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.17). The company had revenue of $660.50 million for the quarter, compared to analyst estimates of $668.92 million. Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The company’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.08 EPS. Equities research analysts expect that Installed Building Products, Inc. will post 10.81 EPS for the current year.

Installed Building Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.8%. Installed Building Products’s dividend payout ratio is currently 16.63%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IBP. Danske Bank A S bought a new position in shares of Installed Building Products in the 3rd quarter valued at $25,000. NewEdge Advisors LLC lifted its stake in shares of Installed Building Products by 5,000.0% in the 3rd quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock valued at $25,000 after acquiring an additional 100 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Installed Building Products in the 1st quarter valued at $30,000. Aster Capital Management DIFC Ltd bought a new position in shares of Installed Building Products in the 3rd quarter valued at $33,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Installed Building Products by 700.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock valued at $37,000 after acquiring an additional 133 shares during the last quarter. 99.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Vertical Research raised Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 price target on the stock in a research report on Friday, February 27th. Weiss Ratings downgraded Installed Building Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Truist Financial reduced their price target on Installed Building Products from $250.00 to $200.00 and set a “hold” rating on the stock in a research report on Friday. JPMorgan Chase & Co. reissued an “underweight” rating and set a $245.00 price target on shares of Installed Building Products in a research report on Tuesday, January 13th. Finally, Wells Fargo & Company reduced their price target on Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. One research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $251.83.

Trending Headlines about Installed Building Products

Here are the key news stories impacting Installed Building Products this week:

• Positive Sentiment: IBP saw multiple insider purchases on May 11, including CFO Michael Thomas Miller, COO Brad A. Wheeler, insider Jason R. Niswonger, and Director Lawrence A. Hilsheimer. Insider buying can signal management confidence that the stock is undervalued. SEC filing
• Positive Sentiment: DA Davidson’s revised $242 price target still implies upside from recent trading levels, suggesting analysts see some recovery potential despite near-term caution. Article
• Neutral Sentiment: Installed Building Products continues to be viewed as a stable but challenged housing/construction name, with mixed signals from recent commentary about demand and costs. Article
• Negative Sentiment: Analyst target cuts and commentary about weak volume and cost pressure suggest earnings momentum could remain muted, which may be weighing on IBP shares. Article

About Installed Building Products

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.