Jeffrey Edwards Sells 400,000 Shares of Installed Building Products (NYSE:IBP) Stock

Installed Building Products, Inc. (NYSE:IBP) CEO Jeffrey Edwards sold 400,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $314.06, for a total transaction of $125,624,000.00. Following the completion of the sale, the chief executive officer owned 1,727,819 shares in the company, valued at approximately $542,638,835.14. The trade was a 18.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Installed Building Products Price Performance

IBP stock opened at $312.91 on Friday. The stock has a market cap of $8.44 billion, a price-to-earnings ratio of 32.16, a P/E/G ratio of 4.76 and a beta of 1.90. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.03 and a quick ratio of 2.44. The company has a 50 day simple moving average of $305.27 and a 200 day simple moving average of $275.83. Installed Building Products, Inc. has a 1 year low of $150.83 and a 1 year high of $349.00.

Installed Building Products (NYSE:IBP) last posted its earnings results on Thursday, February 26th. The construction company reported $3.24 earnings per share for the quarter, topping analysts’ consensus estimates of $2.83 by $0.41. The firm had revenue of $747.50 million for the quarter, compared to analysts’ expectations of $738.97 million. Installed Building Products had a net margin of 8.93% and a return on equity of 43.71%. The company’s revenue was down .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.88 earnings per share. Research analysts anticipate that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $1.80 per share. The ex-dividend date is Friday, March 13th. This represents a yield of 56.0%. Installed Building Products’s payout ratio is currently 15.21%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on IBP shares. JPMorgan Chase & Co. reissued an “underweight” rating and set a $245.00 price target on shares of Installed Building Products in a research note on Tuesday, January 13th. Vertical Research upgraded shares of Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 target price on the stock in a research report on Friday, February 27th. Zacks Research lowered shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Wells Fargo & Company decreased their price target on shares of Installed Building Products from $355.00 to $340.00 and set an “equal weight” rating for the company in a research report on Friday, February 27th. Finally, Benchmark lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Installed Building Products has a consensus rating of “Reduce” and a consensus target price of $256.09.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Apollon Wealth Management LLC acquired a new position in shares of Installed Building Products in the 3rd quarter valued at about $481,000. Bayforest Capital Ltd grew its stake in Installed Building Products by 180.0% during the third quarter. Bayforest Capital Ltd now owns 2,853 shares of the construction company’s stock worth $704,000 after purchasing an additional 1,834 shares during the period. Blalock Williams LLC bought a new stake in Installed Building Products in the third quarter worth approximately $792,000. Envestnet Asset Management Inc. increased its holdings in Installed Building Products by 16.3% in the third quarter. Envestnet Asset Management Inc. now owns 131,850 shares of the construction company’s stock worth $32,522,000 after purchasing an additional 18,487 shares in the last quarter. Finally, Timucuan Asset Management Inc. FL lifted its stake in Installed Building Products by 73.2% in the second quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company’s stock valued at $156,261,000 after buying an additional 366,250 shares during the period. Institutional investors own 99.61% of the company’s stock.

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.