Callan Family Office LLC Acquires Shares of 20,279 Installed Building Products, Inc. $IBP

Callan Family Office LLC bought a new stake in shares of Installed Building Products, Inc. (NYSE:IBP) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 20,279 shares of the construction company’s stock, valued at approximately $4,661,000. Callan Family Office LLC owned approximately 0.08% of Installed Building Products at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. BlackRock Inc. acquired a new stake in Installed Building Products during the 2nd quarter valued at approximately $1,055,034,000. Price T Rowe Associates Inc. MD raised its position in shares of Installed Building Products by 26.9% in the 4th 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 position in shares of Installed Building Products by 0.9% in the 4th 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 boosted its stake in shares of Installed Building Products by 0.3% during the 4th quarter. First Trust Advisors LP now owns 400,748 shares of the construction company’s stock valued at $103,950,000 after buying an additional 1,238 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Installed Building Products by 52.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 355,211 shares of the construction company’s stock valued at $92,138,000 after buying an additional 122,561 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Stock Up 0.9%

Installed Building Products stock opened at $246.88 on Friday. Installed Building Products, Inc. has a 52 week low of $193.11 and a 52 week high of $349.00. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 4.59 and a beta of 1.70. The company’s 50-day moving average price is $229.30 and its two-hundred day moving average price is $257.12. The company has a current ratio of 2.98, a quick ratio of 2.41 and a debt-to-equity ratio of 1.62.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings results on Thursday, August 6th. The construction company reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.36. The company had revenue of $777.80 million during the quarter, compared to analyst estimates of $743.33 million. Installed Building Products had a net margin of 8.46% and a return on equity of 42.12%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.95 EPS. On average, analysts expect that Installed Building Products, Inc. will post 9.82 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, September 15th. Installed Building Products’s dividend payout ratio is 16.79%.

Wall Street Analyst Weigh In

A number of research analysts have commented on IBP shares. JPMorgan Chase & Co. reduced their price objective on shares of Installed Building Products from $284.00 to $195.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 13th. Truist Financial dropped their target price on shares of Installed Building Products from $250.00 to $200.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Royal Bank Of Canada set a $242.00 target price on shares of Installed Building Products in a research report on Monday, May 11th. Wells Fargo & Company cut their target price on shares of Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. Finally, DA Davidson increased their price target on shares of Installed Building Products from $242.00 to $250.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Installed Building Products currently has an average rating of “Hold” and a consensus target price of $249.30.

Insiders Place Their Bets

In other news, CFO Michael Thomas Miller purchased 990 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was purchased at an average cost of $200.62 per share, with a total value of $198,613.80. Following the purchase, the chief financial officer owned 34,209 shares in the company, valued at $6,863,009.58. This trade represents a 2.98% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 13.80% of the stock is 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.