Segall Bryant & Hamill LLC Sells 21,526 Shares of Installed Building Products, Inc. $IBP

Segall Bryant & Hamill LLC decreased its position in Installed Building Products, Inc. (NYSE:IBP) by 30.1% during the first quarter, HoldingsChannel.com reports. The fund owned 49,917 shares of the construction company’s stock after selling 21,526 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Installed Building Products were worth $13,235,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of IBP. Price T Rowe Associates Inc. MD grew its holdings in shares of Installed Building Products by 26.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,551,161 shares of the construction company’s stock valued at $402,356,000 after purchasing an additional 328,725 shares in the last quarter. Giverny Capital Inc. raised its stake in Installed Building Products by 0.9% during the fourth quarter. Giverny Capital Inc. now owns 519,236 shares of the construction company’s stock valued at $134,685,000 after purchasing an additional 4,500 shares in the last quarter. First Trust Advisors LP raised its stake in Installed Building Products by 0.3% during the fourth quarter. First Trust Advisors LP now owns 400,748 shares of the construction company’s stock valued at $103,950,000 after purchasing an additional 1,238 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Installed Building Products by 52.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 355,211 shares of the construction company’s stock valued at $92,138,000 after purchasing an additional 122,561 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Installed Building Products by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 350,996 shares of the construction company’s stock valued at $91,045,000 after purchasing an additional 5,384 shares during the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on IBP. Zacks Research raised shares of Installed Building Products from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Royal Bank Of Canada set a $242.00 target price on shares of Installed Building Products in a research report on Monday, May 11th. Weiss Ratings downgraded shares of Installed Building Products from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Stephens dropped their price target on Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. dropped their price target 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. One research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Installed Building Products currently has a consensus rating of “Hold” and a consensus price target of $247.67.

Installed Building Products Stock Performance

NYSE:IBP opened at $222.83 on Friday. The firm has a market capitalization of $6.00 billion, a PE ratio of 23.76, a PEG ratio of 5.34 and a beta of 1.69. The stock’s fifty day moving average is $218.40 and its 200 day moving average is $263.38. Installed Building Products, Inc. has a fifty-two week low of $193.11 and a fifty-two week high of $349.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.76 and a current ratio of 3.35.

Installed Building Products (NYSE:IBP) last announced its earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.17). The firm had revenue of $660.50 million during the quarter, compared to analysts’ expectations of $668.92 million. Installed Building Products had a net margin of 8.65% and a return on equity of 42.28%. The company’s revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.08 EPS. On average, sell-side analysts anticipate that Installed Building Products, Inc. will post 9.57 earnings per share for the current year.

Installed Building Products Dividend Announcement

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

Insider Activity

In other news, COO Brad A. Wheeler acquired 716 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was acquired at an average price of $209.13 per share, with a total value of $149,737.08. Following the completion of the purchase, the chief operating officer directly owned 14,988 shares in the company, valued at approximately $3,134,440.44. This trade represents a 5.02% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence A. Hilsheimer bought 475 shares of the company’s stock in a transaction on Monday, May 11th. The shares were acquired at an average price of $206.22 per share, with a total value of $97,954.50. Following the transaction, the director directly owned 28,468 shares of the company’s stock, valued at approximately $5,870,670.96. This trade represents a 1.70% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired 5,036 shares of company stock worth $1,042,807 in the last ninety days. 13.80% of the stock is currently owned by company insiders.

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.