Dimensional Fund Advisors LP Sells 20,281 Shares of Installed Building Products, Inc. $IBP

Dimensional Fund Advisors LP lessened its stake in shares of Installed Building Products, Inc. (NYSE:IBP) by 3.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 526,794 shares of the construction company’s stock after selling 20,281 shares during the period. Dimensional Fund Advisors LP’s holdings in Installed Building Products were worth $139,665,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Danske Bank A S purchased 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% in the 3rd quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock worth $25,000 after acquiring an additional 100 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Installed Building Products by 700.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock worth $37,000 after acquiring an additional 133 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Installed Building Products by 446.7% during the 1st quarter. Parallel Advisors LLC now owns 164 shares of the construction company’s stock worth $44,000 after purchasing an additional 134 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new position in shares of Installed Building Products during the 4th quarter worth about $43,000. 99.61% of the stock is currently owned by institutional investors.

Installed Building Products Price Performance

Installed Building Products stock opened at $227.55 on Monday. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 24.26, a price-to-earnings-growth ratio of 5.45 and a beta of 1.69. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.35 and a quick ratio of 2.76. Installed Building Products, Inc. has a 1 year low of $193.11 and a 1 year high of $349.00. The firm has a 50-day moving average of $216.83 and a two-hundred day moving average of $264.94.

Installed Building Products (NYSE:IBP) last issued its earnings results on Thursday, May 7th. The construction company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.17). The company had revenue of $660.50 million during 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%.Installed Building Products’s revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.08 earnings per share. On average, research analysts forecast that Installed Building Products, Inc. will post 9.57 earnings per share for the current year.

Installed Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $0.39 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $1.56 annualized dividend and a yield of 0.7%. Installed Building Products’s dividend payout ratio is 16.63%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on IBP shares. The Goldman Sachs Group decreased their price objective on shares of Installed Building Products from $331.00 to $285.00 and set a “buy” rating for the company in a research note on Friday, May 8th. Stephens reduced their price target on Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. Truist Financial decreased their price target on Installed Building Products from $250.00 to $200.00 and set a “hold” rating for the company in a research note on Friday, May 8th. Evercore set a $226.00 price objective on Installed Building Products in a report on Friday, May 8th. Finally, Wall Street Zen downgraded Installed Building Products from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $247.67.

Insider Transactions at Installed Building Products

In other news, CFO Michael Thomas Miller acquired 2,400 shares of Installed Building Products stock in a transaction on 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 acquisition, the chief financial officer directly owned 33,219 shares of the company’s stock, valued at $6,903,572.58. This trade represents a 7.79% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jason R. Niswonger acquired 455 shares of Installed Building Products stock in a transaction on Monday, May 11th. The shares were purchased at an average price of $214.80 per share, for a total transaction of $97,734.00. Following the completion of the acquisition, the insider directly owned 17,122 shares in the company, valued at $3,677,805.60. This trade represents a 2.73% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 5,036 shares of company stock worth $1,042,807 in the last ninety days. 13.80% of the stock is owned by company insiders.

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.