BNP Paribas Financial Markets Sells 7,835 Shares of Installed Building Products, Inc. $IBP

BNP Paribas Financial Markets trimmed its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 18.0% in the fourth quarter, HoldingsChannel reports. The firm owned 35,666 shares of the construction company’s stock after selling 7,835 shares during the quarter. BNP Paribas Financial Markets’ holdings in Installed Building Products were worth $9,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBP. Danske Bank A S bought a new position in Installed Building Products during the third quarter worth $25,000. NewEdge Advisors LLC lifted its holdings in shares of Installed Building Products by 5,000.0% during the third quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock worth $25,000 after buying an additional 100 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Installed Building Products during the third quarter worth $33,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Installed Building Products by 700.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock worth $37,000 after buying an additional 133 shares in the last quarter. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of Installed Building Products during the fourth quarter worth $43,000. 99.61% of the stock is owned by institutional investors.

Insider Transactions at Installed Building Products

In other news, CFO Michael Thomas Miller purchased 2,400 shares of Installed Building Products stock in a transaction dated Monday, May 11th. The shares were bought at an average cost of $207.82 per share, for a total transaction of $498,768.00. Following the completion of the acquisition, the chief financial officer owned 33,219 shares in the company, valued at approximately $6,903,572.58. This trade represents a 7.79% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lawrence A. Hilsheimer purchased 475 shares of Installed Building Products stock in a transaction dated Monday, May 11th. The shares were purchased at an average price of $206.22 per share, for a total transaction of $97,954.50. Following the completion of the acquisition, the director owned 28,468 shares of the company’s stock, valued at approximately $5,870,670.96. The trade was a 1.70% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 4,046 shares of company stock valued at $844,194. 13.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on IBP shares. Royal Bank Of Canada set a $242.00 price target on Installed Building Products in a research note on Monday, May 11th. Benchmark downgraded Installed Building Products from a “buy” rating to a “hold” rating in a research note on Wednesday, February 11th. DA Davidson reaffirmed a “neutral” rating and issued a $242.00 price target on shares of Installed Building Products in a research note on Monday, June 1st. Zacks Research downgraded Installed Building Products from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Finally, Wells Fargo & Company dropped their price target on Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating for the company in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $247.67.

Installed Building Products Stock Performance

NYSE:IBP opened at $200.96 on Tuesday. The stock has a market cap of $5.41 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 4.88 and a beta of 1.71. The company has a current ratio of 3.35, a quick ratio of 2.76 and a debt-to-equity ratio of 1.56. The stock’s 50-day moving average is $250.48 and its 200-day moving average is $275.80. Installed Building Products, Inc. has a 1-year low of $162.56 and a 1-year high of $349.00.

Installed Building Products (NYSE:IBP) last released its quarterly earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.17). The firm had revenue of $660.50 million for the quarter, compared to the consensus estimate of $668.92 million. Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.08 earnings per share. Equities research analysts anticipate that Installed Building Products, Inc. will post 9.62 earnings per share for the current year.

Installed Building Products Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, June 15th. Installed Building Products’s payout ratio is 16.63%.

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.