SG Americas Securities LLC Increases Stock Position in Installed Building Products, Inc. $IBP

SG Americas Securities LLC boosted its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 107.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,227 shares of the construction company’s stock after buying an additional 4,777 shares during the quarter. SG Americas Securities LLC’s holdings in Installed Building Products were worth $2,393,000 at the end of the most recent reporting period.

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

Insider Transactions at Installed Building Products

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

Installed Building Products Stock Performance

NYSE:IBP opened at $268.48 on Friday. Installed Building Products, Inc. has a 52 week low of $150.83 and a 52 week high of $349.00. The company has a fifty day simple moving average of $300.47 and a two-hundred day simple moving average of $277.04. The company has a quick ratio of 2.44, a current ratio of 3.03 and a debt-to-equity ratio of 1.20. The company has a market cap of $7.24 billion, a price-to-earnings ratio of 27.59, a price-to-earnings-growth ratio of 3.72 and a beta of 1.97.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings data on Thursday, February 26th. The construction company reported $3.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.83 by $0.41. The business had revenue of $747.50 million for the quarter, compared to analysts’ expectations of $738.97 million. Installed Building Products had a return on equity of 43.71% and a net margin of 8.93%.The company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period last year, the firm earned $2.88 earnings per share. As a group, equities analysts anticipate that Installed Building Products, Inc. will post 10.66 earnings per share for the current fiscal year.

Installed Building Products Dividend Announcement

The business also recently declared a special dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were given a $1.80 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a yield of 63.0%. Installed Building Products’s dividend payout ratio (DPR) is currently 16.03%.

Wall Street Analyst Weigh In

IBP has been the subject of a number of recent analyst reports. Royal Bank Of Canada boosted their price objective on Installed Building Products from $203.00 to $255.00 and gave the company an “underperform” rating in a research report on Friday, February 27th. Zacks Research lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Weiss Ratings cut shares of Installed Building Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, March 20th. JPMorgan Chase & Co. restated an “underweight” rating and set a $245.00 price target on shares of Installed Building Products in a research report on Tuesday, January 13th. Finally, Vertical Research raised shares of Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 price objective for the company in a research note on Friday, February 27th. Ten research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Installed Building Products has an average rating of “Reduce” and an average price target of $265.20.

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.