Installed Building Products (NYSE:IBP) Director Janet Jackson Sells 1,086 Shares

Installed Building Products, Inc. (NYSE:IBP) Director Janet Jackson sold 1,086 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $237.06, for a total transaction of $257,447.16. Following the completion of the transaction, the director owned 5,142 shares of the company’s stock, valued at approximately $1,218,962.52. This trade represents a 17.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Installed Building Products Stock Down 4.5%

Shares of NYSE IBP opened at $227.88 on Wednesday. The stock has a market cap of $6.06 billion, a P/E ratio of 24.53, a PEG ratio of 4.47 and a beta of 1.71. 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, Inc. has a 12-month low of $193.11 and a 12-month high of $349.00. The business’s fifty day simple moving average is $234.21 and its 200-day simple moving average is $249.33.

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

Installed Building Products Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Danske Bank A S acquired a new position in shares of Installed Building Products in the third quarter worth $25,000. NewEdge Advisors LLC boosted its stake in shares of Installed Building Products by 5,000.0% during the third quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock valued at $25,000 after acquiring an additional 100 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in Installed Building Products during the 1st quarter worth about $30,000. Keating Financial Advisory Services Inc. purchased a new stake in Installed Building Products during the 2nd quarter worth about $31,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Installed Building Products by 700.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock valued at $37,000 after purchasing an additional 133 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Analyst Ratings Changes

IBP has been the topic of several analyst reports. Zacks Research raised shares of Installed Building Products from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. JPMorgan Chase & Co. dropped 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 report on Wednesday, May 13th. Weiss Ratings restated a “hold (c)” rating on shares of Installed Building Products in a report on Tuesday, August 18th. Evercore set a $246.00 price objective on shares of Installed Building Products in a research report on Friday, August 7th. Finally, DA Davidson increased their target price on Installed Building Products from $242.00 to $250.00 and gave the company a “neutral” rating in a report on Monday, August 10th. One research 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 data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $249.30.

Installed Building Products Company 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.