Lawrence Hilsheimer Purchases 475 Shares of Installed Building Products (NYSE:IBP) Stock

Installed Building Products, Inc. (NYSE:IBP) Director Lawrence Hilsheimer bought 475 shares of the business’s stock in a transaction on Monday, May 11th. The stock was purchased at an average price of $206.22 per share, for a total transaction of $97,954.50. Following the purchase, the director directly owned 28,468 shares in the company, valued at approximately $5,870,670.96. This represents a 1.70% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Installed Building Products Trading Up 1.6%

NYSE:IBP opened at $205.90 on Thursday. The company has a market cap of $5.55 billion, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 2.89 and a beta of 1.84. Installed Building Products, Inc. has a twelve month low of $150.83 and a twelve month high of $349.00. The business has a 50 day moving average price of $278.32 and a two-hundred day moving average price of $281.62. The company has a quick ratio of 2.76, a current ratio of 3.35 and a debt-to-equity ratio of 1.56.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings data on Thursday, May 7th. The construction company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.17). The business had revenue of $660.50 million during the quarter, compared to the consensus estimate of $668.92 million. Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.08 EPS. As a group, analysts expect that Installed Building Products, Inc. will post 10.51 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Monday, June 15th. Installed Building Products’s dividend payout ratio is currently 16.63%.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Vertical Research upgraded Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 target price on the stock in a report on Friday, February 27th. Zacks Research downgraded Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. 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. Truist Financial dropped their price target on shares of Installed Building Products from $250.00 to $200.00 and set a “hold” rating on the stock in a research report on Friday, May 8th. Finally, JPMorgan Chase & Co. cut their price target on shares of Installed Building Products from $284.00 to $195.00 and set an “underweight” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $247.67.

Institutional Trading of Installed Building Products

Several institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its stake in Installed Building Products by 16.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 131,850 shares of the construction company’s stock valued at $32,522,000 after acquiring an additional 18,487 shares during the period. Blalock Williams LLC bought a new position in Installed Building Products during the third quarter worth $792,000. Watchtower Advisors LP boosted its position in Installed Building Products by 30.4% during the third quarter. Watchtower Advisors LP now owns 32,277 shares of the construction company’s stock worth $7,961,000 after purchasing an additional 7,534 shares during the period. SG Americas Securities LLC increased its holdings in shares of Installed Building Products by 107.3% in the fourth quarter. SG Americas Securities LLC now owns 9,227 shares of the construction company’s stock valued at $2,393,000 after purchasing an additional 4,777 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Installed Building Products by 2.4% in the third quarter. First Trust Advisors LP now owns 399,510 shares of the construction company’s stock valued at $98,543,000 after purchasing an additional 9,489 shares during the last quarter. Institutional investors own 99.61% of the company’s stock.

More Installed Building Products News

Here are the key news stories impacting Installed Building Products this week:

• Positive Sentiment: Several IBP executives and directors bought shares this week, including the CFO, COO, and other insiders, signaling confidence that the stock may be undervalued.
• Positive Sentiment: DA Davidson’s new $242 price target still implies upside from recent levels, suggesting some analysts expect a rebound. Article
• Neutral Sentiment: Recent commentary on IBP points to mixed housing-market signals, with volume weakness and cost headwinds balancing the company’s otherwise stable market position. Article
• Negative Sentiment: JPMorgan’s price target cut to $195 and underweight rating are the clearest bearish catalysts, reinforcing concern about near-term earnings pressure and limited upside. Article

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.