Cwm LLC Sells 90 Shares of Installed Building Products, Inc. (NYSE:IBP)

Cwm LLC cut its position in Installed Building Products, Inc. (NYSE:IBP) by 25.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 263 shares of the construction company’s stock after selling 90 shares during the quarter. Cwm LLC’s holdings in Installed Building Products were worth $48,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IBP. Annapolis Financial Services LLC grew its position in Installed Building Products by 45.7% in the 4th quarter. Annapolis Financial Services LLC now owns 169 shares of the construction company’s stock valued at $31,000 after purchasing an additional 53 shares during the period. Xponance Inc. acquired a new position in shares of Installed Building Products during the fourth quarter valued at about $263,000. Mackenzie Financial Corp bought a new stake in shares of Installed Building Products during the fourth quarter worth about $276,000. Strs Ohio raised its holdings in shares of Installed Building Products by 35.7% in the 4th quarter. Strs Ohio now owns 1,900 shares of the construction company’s stock worth $347,000 after acquiring an additional 500 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in Installed Building Products in the 4th quarter valued at about $2,157,000. 99.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Installed Building Products

In other news, CAO Todd R. Fry sold 500 shares of Installed Building Products stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $233.50, for a total transaction of $116,750.00. Following the sale, the chief accounting officer now owns 7,176 shares of the company’s stock, valued at approximately $1,675,596. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Todd R. Fry sold 500 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $233.50, for a total transaction of $116,750.00. Following the sale, the chief accounting officer now owns 7,176 shares in the company, valued at approximately $1,675,596. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Michael Thomas Miller sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $243.34, for a total transaction of $1,216,700.00. Following the transaction, the chief financial officer now directly owns 38,320 shares of the company’s stock, valued at approximately $9,324,788.80. The disclosure for this sale can be found here. Insiders have sold a total of 6,619 shares of company stock worth $1,606,732 over the last quarter. Corporate insiders own 16.50% of the company’s stock.

Installed Building Products Stock Up 2.1 %

IBP opened at $236.81 on Friday. The firm has a market capitalization of $6.73 billion, a P/E ratio of 27.50 and a beta of 1.91. The company has a fifty day moving average price of $242.78 and a 200-day moving average price of $196.43. The company has a debt-to-equity ratio of 1.26, a current ratio of 3.09 and a quick ratio of 2.62. Installed Building Products, Inc. has a one year low of $103.50 and a one year high of $263.76.

Installed Building Products (NYSE:IBP) last issued its earnings results on Thursday, February 22nd. The construction company reported $2.45 EPS for the quarter, topping the consensus estimate of $2.42 by $0.03. The company had revenue of $720.70 million for the quarter, compared to the consensus estimate of $688.59 million. Installed Building Products had a net margin of 8.77% and a return on equity of 47.18%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.34 earnings per share. Equities research analysts expect that Installed Building Products, Inc. will post 11.2 earnings per share for the current fiscal year.

Installed Building Products Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, March 31st. Stockholders of record on Friday, March 15th were given a $1.60 dividend. This is a positive change from Installed Building Products’s previous quarterly dividend of $0.33. This represents a $6.40 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date of this dividend was Thursday, March 14th. Installed Building Products’s dividend payout ratio (DPR) is currently 16.26%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Royal Bank of Canada boosted their price objective on Installed Building Products from $188.00 to $216.00 and gave the stock a “sector perform” rating in a report on Friday, February 23rd. Truist Financial increased their price target on Installed Building Products from $200.00 to $235.00 and gave the company a “hold” rating in a research report on Friday, February 23rd. StockNews.com upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a report on Friday, February 16th. Evercore ISI lifted their price target on Installed Building Products from $226.00 to $272.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. Finally, DA Davidson started coverage on shares of Installed Building Products in a research note on Tuesday, March 5th. They set a “buy” rating and a $275.00 price target on the stock. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Installed Building Products currently has a consensus rating of “Moderate Buy” and an average target price of $208.40.

Installed Building Products Profile

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.