Daiwa Securities Group Inc. Takes $1.05 Million Position in Installed Building Products, Inc. $IBP

Daiwa Securities Group Inc. purchased a new position in shares of Installed Building Products, Inc. (NYSE:IBP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,065 shares of the construction company’s stock, valued at approximately $1,054,000.

A number of other institutional investors have also added to or reduced their stakes in the company. TD Asset Management Inc increased its stake in Installed Building Products by 2,169.2% in the 3rd quarter. TD Asset Management Inc now owns 271,938 shares of the construction company’s stock valued at $67,076,000 after buying an additional 259,954 shares during the last quarter. Orion Porfolio Solutions LLC boosted its stake in shares of Installed Building Products by 4,659.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 171,897 shares of the construction company’s stock worth $30,996,000 after buying an additional 168,285 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Installed Building Products by 84.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 276,690 shares of the construction company’s stock worth $49,893,000 after buying an additional 126,435 shares during the last quarter. Norges Bank bought a new position in shares of Installed Building Products in the fourth quarter valued at approximately $32,359,000. Finally, Goldman Sachs Group Inc. increased its position in shares of Installed Building Products by 52.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 355,211 shares of the construction company’s stock valued at $92,138,000 after acquiring an additional 122,561 shares during the last quarter. 99.61% of the stock is owned by institutional investors.

Insider Transactions at Installed Building Products

In other Installed Building Products news, insider Jason R. Niswonger acquired 455 shares of Installed Building Products stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average cost of $214.80 per share, for a total transaction of $97,734.00. Following the purchase, the insider owned 17,122 shares of the company’s stock, valued at approximately $3,677,805.60. This represents a 2.73% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Brad A. Wheeler acquired 716 shares of Installed Building Products stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average price of $209.13 per share, with a total value of $149,737.08. Following the completion of the purchase, the chief operating officer directly owned 14,988 shares in the company, valued at $3,134,440.44. This represents a 5.02% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have acquired 4,046 shares of company stock valued at $844,194. 13.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on IBP shares. Weiss Ratings lowered Installed Building Products from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. cut their price objective on Installed Building Products from $284.00 to $195.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 13th. Wall Street Zen cut Installed Building Products from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. The Goldman Sachs Group lowered their target price on Installed Building Products from $331.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Finally, Wells Fargo & Company lowered their target price on Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $247.67.

Installed Building Products Price Performance

Installed Building Products stock opened at $195.41 on Thursday. Installed Building Products, Inc. has a 12 month low of $162.56 and a 12 month high of $349.00. The business’s 50 day simple moving average is $248.12 and its 200 day simple moving average is $275.18. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 5.09 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.

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

Installed Building Products Dividend Announcement

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

Installed Building Products Company Profile

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.