Installed Building Products, Inc. $IBP Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its holdings in Installed Building Products, Inc. (NYSE:IBP) by 36,067.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 54,974 shares of the construction company’s stock after acquiring an additional 54,822 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Installed Building Products were worth $14,260,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of IBP. Danske Bank A S purchased a new position in shares of Installed Building Products during the third quarter valued at $25,000. NewEdge Advisors LLC grew its holdings in shares of Installed Building Products by 5,000.0% during the third quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock valued at $25,000 after buying an additional 100 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of Installed Building Products during the third quarter valued at $33,000. Eagle Bay Advisors LLC purchased a new position in shares of Installed Building Products during the fourth quarter valued at $43,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Installed Building Products during the third quarter valued at $46,000. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Insider Buying and Selling

In related news, COO Brad A. Wheeler purchased 716 shares of Installed Building Products stock in a transaction on Monday, May 11th. The stock was bought at an average price of $209.13 per share, with a total value of $149,737.08. Following the completion of the transaction, the chief operating officer directly owned 14,988 shares of the company’s stock, valued at approximately $3,134,440.44. This represents a 5.02% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jason R. Niswonger purchased 455 shares of Installed Building Products stock in a transaction on Monday, May 11th. The stock was bought at an average cost of $214.80 per share, with a total value of $97,734.00. Following the transaction, the insider directly owned 17,122 shares of the company’s stock, valued at approximately $3,677,805.60. The trade was a 2.73% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have acquired 4,046 shares of company stock valued at $844,194. 13.80% of the stock is owned by corporate insiders.

Installed Building Products Price Performance

Shares of NYSE:IBP opened at $215.71 on Thursday. Installed Building Products, Inc. has a fifty-two week low of $150.83 and a fifty-two week high of $349.00. The business has a 50-day moving average of $268.10 and a two-hundred day moving average of $279.76. The stock has a market capitalization of $5.81 billion, a P/E ratio of 23.00, a P/E/G ratio of 5.05 and a beta of 1.84. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.35 and a quick ratio of 2.76.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.17). Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The company had revenue of $660.50 million during the quarter, compared to analyst estimates of $668.92 million. During the same period in the prior year, the firm earned $2.08 EPS. Installed Building Products’s quarterly revenue was down 3.5% on a year-over-year basis. On average, equities research analysts predict that Installed Building Products, Inc. will post 9.62 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.39 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.7%. Installed Building Products’s payout ratio is currently 16.63%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on IBP. Wells Fargo & Company lowered their price target on Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. Truist Financial lowered their price target on Installed Building Products from $250.00 to $200.00 and set a “hold” rating on the stock in a report on Friday, May 8th. Wall Street Zen downgraded Installed Building Products from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. JPMorgan Chase & Co. reduced their price objective on Installed Building Products from $284.00 to $195.00 and set an “underweight” rating for the company in a research report on Wednesday, May 13th. Finally, DA Davidson reduced their price objective on Installed Building Products from $270.00 to $242.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $247.67.

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.