Boston Trust Walden Corp Increases Stake in Installed Building Products, Inc. $IBP

Boston Trust Walden Corp grew its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 14.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 294,468 shares of the construction company’s stock after purchasing an additional 36,212 shares during the quarter. Boston Trust Walden Corp owned approximately 1.07% of Installed Building Products worth $53,098,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. boosted its position in Installed Building Products by 142.1% during the 1st quarter. UMB Bank n.a. now owns 184 shares of the construction company’s stock valued at $32,000 after buying an additional 108 shares during the period. GAMMA Investing LLC increased its position in shares of Installed Building Products by 107.1% in the first quarter. GAMMA Investing LLC now owns 986 shares of the construction company’s stock valued at $169,000 after acquiring an additional 510 shares during the period. Fifth Third Bancorp increased its position in shares of Installed Building Products by 74.6% in the first quarter. Fifth Third Bancorp now owns 227 shares of the construction company’s stock valued at $39,000 after acquiring an additional 97 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Installed Building Products by 36.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,079 shares of the construction company’s stock valued at $356,000 after acquiring an additional 557 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of Installed Building Products by 7.4% in the first quarter. Blue Trust Inc. now owns 1,212 shares of the construction company’s stock worth $208,000 after purchasing an additional 84 shares during the last quarter. Institutional investors own 99.61% of the company’s stock.

Wall Street Analysts Forecast Growth

IBP has been the topic of several recent analyst reports. Zacks Research raised Installed Building Products from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 14th. Jefferies Financial Group increased their price objective on Installed Building Products from $175.00 to $225.00 and gave the stock a “hold” rating in a report on Tuesday, August 12th. Loop Capital downgraded Installed Building Products from a “buy” rating to a “hold” rating and set a $255.00 target price for the company. in a report on Friday, August 8th. Zelman & Associates upgraded Installed Building Products from an “underperform” rating to a “neutral” rating in a report on Friday, August 8th. Finally, Danske downgraded Installed Building Products from a “buy” rating to a “hold” rating and set a $252.00 target price for the company. in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Installed Building Products has a consensus rating of “Hold” and a consensus target price of $220.45.

Installed Building Products Stock Performance

Shares of IBP stock opened at $240.19 on Tuesday. Installed Building Products, Inc. has a 12 month low of $150.83 and a 12 month high of $280.00. The company has a current ratio of 2.85, a quick ratio of 2.31 and a debt-to-equity ratio of 1.27. The company’s fifty day moving average price is $257.20 and its 200-day moving average price is $203.66. The stock has a market cap of $6.56 billion, a PE ratio of 26.72 and a beta of 1.83.

Installed Building Products (NYSE:IBP) last announced its earnings results on Thursday, August 7th. The construction company reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.50. Installed Building Products had a net margin of 8.45% and a return on equity of 60.27%. The business had revenue of $760.30 million during the quarter, compared to the consensus estimate of $711.37 million. During the same quarter last year, the firm earned $2.84 earnings per share. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities analysts expect that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a $0.37 dividend. The ex-dividend date was Monday, September 15th. This represents a $1.48 annualized dividend and a dividend yield of 0.6%. Installed Building Products’s dividend payout ratio is presently 16.46%.

Insider Buying and Selling

In other Installed Building Products news, Director Janet E. Jackson sold 1,469 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $266.00, for a total value of $390,754.00. Following the sale, the director directly owned 6,873 shares of the company’s stock, valued at approximately $1,828,218. The trade was a 17.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Todd R. Fry sold 500 shares of the business’s stock in a transaction on Monday, August 11th. The stock was sold at an average price of $257.27, for a total value of $128,635.00. Following the completion of the sale, the chief accounting officer directly owned 6,822 shares in the company, valued at $1,755,095.94. This trade represents a 6.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,655 shares of company stock worth $3,123,578. 16.20% of the stock is currently owned by corporate insiders.

Installed Building Products Company Profile

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.