Beacon Investment Advisory Services Inc. Has $3.11 Million Holdings in Installed Building Products, Inc. $IBP

Beacon Investment Advisory Services Inc. decreased its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 17.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,974 shares of the construction company’s stock after selling 2,500 shares during the quarter. Beacon Investment Advisory Services Inc.’s holdings in Installed Building Products were worth $3,106,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of IBP. Danske Bank A S acquired a new position in shares of Installed Building Products during the 3rd quarter valued at $25,000. NewEdge Advisors LLC grew its holdings in Installed Building Products by 5,000.0% in the third quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock worth $25,000 after purchasing an additional 100 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Installed Building Products in the third quarter valued at $33,000. Northwestern Mutual Wealth Management Co. increased its stake in Installed Building Products by 700.0% in the third 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 in the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in shares of Installed Building Products during the third quarter valued at about $42,000. Institutional investors own 99.61% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on IBP. Jefferies Financial Group raised their target price on Installed Building Products from $230.00 to $259.00 and gave the company a “hold” rating in a research note on Monday, December 15th. Wall Street Zen downgraded Installed Building Products from a “buy” rating to a “hold” rating in a research note on Sunday. Wells Fargo & Company reduced their price objective on Installed Building Products from $355.00 to $340.00 and set an “equal weight” rating for the company in a research note on Friday, February 27th. Benchmark downgraded Installed Building Products from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. Finally, Royal Bank Of Canada upped their target price on Installed Building Products from $203.00 to $255.00 and gave the stock an “underperform” rating in a research report on Friday, February 27th. Eleven research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Installed Building Products presently has a consensus rating of “Reduce” and an average price target of $257.73.

Insider Activity

In related news, CEO Jeffrey W. Edwards sold 400,000 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Janet E. Jackson sold 1,410 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $293.31, for a total transaction of $413,567.10. Following the completion of the sale, the director owned 5,373 shares of the company’s stock, valued at approximately $1,575,954.63. This trade represents a 20.79% decrease in their position. The disclosure for this sale is available in the SEC filing. 16.20% of the stock is currently owned by insiders.

Installed Building Products Stock Down 0.0%

Shares of NYSE:IBP opened at $262.26 on Monday. The business’s 50 day moving average is $304.17 and its 200 day moving average is $277.11. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month high of $349.00. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 26.95, a PEG ratio of 3.69 and a beta of 1.90. The company has a quick ratio of 2.44, a current ratio of 3.03 and a debt-to-equity ratio of 1.20.

Installed Building Products (NYSE:IBP) last released its quarterly earnings results on Thursday, February 26th. The construction company reported $3.24 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.41. The business had revenue of $747.50 million during the quarter, compared to analyst estimates of $738.97 million. Installed Building Products had a return on equity of 43.71% and a net margin of 8.93%.Installed Building Products’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.88 EPS. On average, sell-side analysts forecast that Installed Building Products, Inc. will post 10.66 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

The company also recently declared 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. This represents a dividend yield of 63.0%. The ex-dividend date of this dividend is Friday, March 13th. Installed Building Products’s dividend payout ratio (DPR) is presently 16.03%.

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.