10,667 Shares in Installed Building Products, Inc. $IBP Acquired by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC purchased a new position in shares of Installed Building Products, Inc. (NYSE:IBP) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,667 shares of the construction company’s stock, valued at approximately $2,631,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Curio Wealth LLC raised its holdings in shares of Installed Building Products by 16,800.0% during the second quarter. Curio Wealth LLC now owns 169 shares of the construction company’s stock worth $30,000 after purchasing an additional 168 shares during the last quarter. SRH Advisors LLC grew its position in Installed Building Products by 70.8% during the 2nd quarter. SRH Advisors LLC now owns 205 shares of the construction company’s stock worth $37,000 after purchasing an additional 85 shares during the period. Salomon & Ludwin LLC purchased a new position in shares of Installed Building Products during the 3rd quarter valued at about $42,000. Farther Finance Advisors LLC lifted its holdings in shares of Installed Building Products by 31.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 224 shares of the construction company’s stock valued at $55,000 after buying an additional 54 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Installed Building Products by 14.0% in the second quarter. Smartleaf Asset Management LLC now owns 439 shares of the construction company’s stock worth $78,000 after buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Insider Transactions at Installed Building Products

In other news, insider William Jeffrey Hire sold 5,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $251.63, for a total value of $1,258,150.00. Following the transaction, the insider directly owned 32,999 shares of the company’s stock, valued at approximately $8,303,538.37. This trade represents a 13.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael H. Thomas sold 2,001 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total transaction of $536,828.28. Following the transaction, the director owned 8,373 shares in the company, valued at $2,246,308.44. The trade was a 19.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 16.20% of the stock is owned by corporate insiders.

Installed Building Products Price Performance

Shares of Installed Building Products stock opened at $309.60 on Friday. The stock has a market capitalization of $8.40 billion, a P/E ratio of 33.33, a PEG ratio of 5.81 and a beta of 1.91. The business has a 50 day simple moving average of $269.50 and a two-hundred day simple moving average of $251.29. Installed Building Products, Inc. has a 12 month low of $150.83 and a 12 month high of $317.86. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.78 and a quick ratio of 2.28.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings results on Wednesday, November 5th. The construction company reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.49. Installed Building Products had a return on equity of 62.74% and a net margin of 8.60%.The firm had revenue of $778.20 million for the quarter, compared to analyst estimates of $751.98 million. During the same period in the previous year, the company posted $2.85 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. As a group, analysts predict that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.5%. Installed Building Products’s dividend payout ratio is presently 15.93%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on IBP shares. Vertical Research began coverage on Installed Building Products in a research report on Monday, October 20th. They set a “sell” rating for the company. Weiss Ratings raised shares of Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $245.00 target price on shares of Installed Building Products in a research note on Tuesday. Royal Bank Of Canada raised their price target on shares of Installed Building Products from $184.00 to $203.00 and gave the company an “underperform” rating in a research report on Thursday, November 6th. Finally, Evercore ISI set a $265.00 price objective on shares of Installed Building Products in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $235.36.

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.