5,109 Shares in Installed Building Products, Inc. $IBP Bought by Corient Private Wealth LP

Corient Private Wealth LP acquired a new stake in shares of Installed Building Products, Inc. (NYSE:IBP) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 5,109 shares of the construction company’s stock, valued at approximately $1,174,000.

Other institutional investors have also recently made changes to their positions in the company. MGO One Seven LLC increased its position in shares of Installed Building Products by 3.1% during the 4th quarter. MGO One Seven LLC now owns 1,133 shares of the construction company’s stock valued at $294,000 after purchasing an additional 34 shares during the last quarter. Abel Hall LLC lifted its position in shares of Installed Building Products by 2.8% during the 1st quarter. Abel Hall LLC now owns 1,289 shares of the construction company’s stock valued at $342,000 after buying an additional 35 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of Installed Building Products by 2.0% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 1,819 shares of the construction company’s stock worth $472,000 after acquiring an additional 35 shares during the period. Maryland State Retirement & Pension System increased its holdings in Installed Building Products by 1.1% in the 4th quarter. Maryland State Retirement & Pension System now owns 3,315 shares of the construction company’s stock worth $860,000 after acquiring an additional 35 shares during the last quarter. Finally, Petros Family Wealth LLC increased its holdings in Installed Building Products by 4.6% in the 1st quarter. Petros Family Wealth LLC now owns 905 shares of the construction company’s stock worth $240,000 after acquiring an additional 40 shares during the last quarter. Institutional investors own 99.61% of the company’s stock.

Insider Buying and Selling

In related news, CFO Michael Miller bought 990 shares of the company’s stock in a transaction dated 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 transaction, the chief financial officer owned 34,209 shares in the company, valued at approximately $6,863,009.58. This trade represents a 2.98% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 13.80% of the company’s stock.

Analysts Set New Price Targets

IBP has been the subject of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of 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. Evercore set a $246.00 price target on shares of Installed Building Products in a research note on Friday, August 7th. Stephens lowered their target price on shares of Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Installed Building Products in a report on Tuesday, August 18th. Finally, Truist Financial reduced their target price on Installed Building Products from $250.00 to $200.00 and set a “hold” rating for the company in a report on Friday, May 8th. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $249.30.

Installed Building Products Stock Up 0.7%

Shares of IBP opened at $239.33 on Friday. The firm has a market cap of $6.36 billion, a P/E ratio of 25.76, a P/E/G ratio of 4.46 and a beta of 1.71. The stock has a 50 day simple moving average of $234.01 and a two-hundred day simple moving average of $251.37. Installed Building Products, Inc. has a 1 year low of $193.11 and a 1 year high of $349.00. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.98 and a quick ratio of 2.41.

Installed Building Products (NYSE:IBP) last released its quarterly earnings data on Thursday, August 6th. The construction company reported $2.91 EPS for the quarter, topping the consensus estimate of $2.55 by $0.36. The firm had revenue of $777.80 million for the quarter, compared to the consensus estimate of $743.33 million. Installed Building Products had a return on equity of 42.12% and a net margin of 8.46%.The company’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.95 earnings per share. On average, analysts forecast that Installed Building Products, Inc. will post 9.82 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Installed Building Products’s payout ratio is presently 16.79%.

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.