Ascent Group LLC Purchases 1,911 Shares of Installed Building Products, Inc. $IBP

Ascent Group LLC raised its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 6.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,898 shares of the construction company’s stock after buying an additional 1,911 shares during the quarter. Ascent Group LLC’s holdings in Installed Building Products were worth $8,274,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Installed Building Products by 3.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,130 shares of the construction company’s stock valued at $2,423,000 after acquiring an additional 486 shares in the last quarter. United Services Automobile Association bought a new stake in Installed Building Products during the first quarter valued at about $263,000. Jane Street Group LLC grew its holdings in Installed Building Products by 270.0% during the first quarter. Jane Street Group LLC now owns 17,192 shares of the construction company’s stock valued at $2,948,000 after purchasing an additional 12,545 shares during the period. Russell Investments Group Ltd. increased its position in Installed Building Products by 145.1% in the second quarter. Russell Investments Group Ltd. now owns 19,018 shares of the construction company’s stock worth $3,429,000 after buying an additional 11,260 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its position in Installed Building Products by 6.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 6,267 shares of the construction company’s stock worth $1,130,000 after buying an additional 371 shares in the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Vertical Research raised Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 price target on the stock in a report on Friday, February 27th. Jefferies Financial Group upped 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. DA Davidson raised their target price on shares of Installed Building Products from $252.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 18th. Zacks Research cut shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Finally, Wells Fargo & Company reduced their target price on shares of Installed Building Products from $355.00 to $340.00 and set an “equal weight” rating for the company in a report on Friday, February 27th. Ten equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $265.20.

Insider Transactions at Installed Building Products

In other Installed Building Products news, Director Janet E. Jackson sold 1,410 shares of the business’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $293.31, for a total value of $413,567.10. Following the completion of the transaction, the director owned 5,373 shares in the company, valued at $1,575,954.63. The trade was a 20.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey W. Edwards sold 400,000 shares of the stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $314.06, for a total value of $125,624,000.00. Following the completion of the sale, the chief executive officer directly owned 1,727,819 shares in the company, valued at $542,638,835.14. This represents a 18.80% decrease in their position. The disclosure for this sale is available in the SEC filing. 16.20% of the stock is currently owned by company insiders.

Installed Building Products Stock Down 0.1%

Installed Building Products stock opened at $268.48 on Friday. The stock has a market capitalization of $7.24 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 3.72 and a beta of 1.97. Installed Building Products, Inc. has a 12 month low of $150.83 and a 12 month high of $349.00. The business has a 50 day simple moving average of $300.47 and a 200-day simple moving average of $277.04. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.03 and a quick ratio of 2.44.

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

Installed Building Products Announces Dividend

The firm also recently declared a special dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a dividend of $1.80 per share. The ex-dividend date was Friday, March 13th. This represents a dividend yield of 63.0%. Installed Building Products’s dividend payout ratio is currently 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.