Installed Building Products, Inc. $IBP Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC trimmed its position in Installed Building Products, Inc. (NYSE:IBP) by 16.5% during the first quarter, Holdings Channel.com reports. The firm owned 65,502 shares of the construction company’s stock after selling 12,942 shares during the period. WCM Investment Management LLC’s holdings in Installed Building Products were worth $16,870,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in IBP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Installed Building Products by 3.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,130 shares of the construction company’s stock worth $2,423,000 after purchasing an additional 486 shares in the last quarter. United Services Automobile Association acquired a new position in shares of Installed Building Products in the 1st quarter valued at $263,000. Jane Street Group LLC boosted its holdings in shares of Installed Building Products by 270.0% in the 1st quarter. Jane Street Group LLC now owns 17,192 shares of the construction company’s stock valued at $2,948,000 after buying an additional 12,545 shares in the last quarter. Hsbc Holdings PLC grew its position in shares of Installed Building Products by 5.9% in the 2nd quarter. Hsbc Holdings PLC now owns 1,643 shares of the construction company’s stock valued at $296,000 after buying an additional 92 shares during the last quarter. Finally, Jump Financial LLC grew its position in shares of Installed Building Products by 959.6% in the 2nd quarter. Jump Financial LLC now owns 18,109 shares of the construction company’s stock valued at $3,265,000 after buying an additional 16,400 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Evercore set a $226.00 price target on shares of Installed Building Products in a research report on Friday, May 8th. Wall Street Zen lowered Installed Building Products from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Zacks Research upgraded Installed Building Products from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. DA Davidson reissued a “neutral” rating and issued a $242.00 target price on shares of Installed Building Products in a report on Monday, June 1st. Finally, JPMorgan Chase & Co. decreased their target price 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 given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $247.67.

Installed Building Products Stock Down 0.0%

IBP stock opened at $228.61 on Monday. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 24.37, a price-to-earnings-growth ratio of 5.48 and a beta of 1.69. The company has a fifty day moving average price of $215.18 and a 200 day moving average price of $266.36. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.35 and a quick ratio of 2.76. Installed Building Products, Inc. has a 12 month low of $182.88 and a 12 month high of $349.00.

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

Installed Building Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.7%. Installed Building Products’s dividend payout ratio (DPR) is currently 16.63%.

Insider Buying and Selling

In related news, COO Brad A. Wheeler acquired 716 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was bought at an average cost of $209.13 per share, with a total value of $149,737.08. Following the transaction, the chief operating officer owned 14,988 shares of the company’s stock, valued at $3,134,440.44. The trade was a 5.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jason R. Niswonger bought 455 shares of the stock in a transaction on Monday, May 11th. The stock was bought at an average price of $214.80 per share, for a total transaction of $97,734.00. Following the completion of the purchase, the insider directly owned 17,122 shares in the company, valued at approximately $3,677,805.60. The trade was a 2.73% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders bought 5,036 shares of company stock worth $1,042,807. Corporate insiders own 13.80% of the company’s stock.

Installed Building Products Profile

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.