Installed Building Products, Inc. (NYSE:IBP) Shares Purchased by Trexquant Investment LP

Trexquant Investment LP grew its stake in shares of Installed Building Products, Inc. (NYSE:IBPFree Report) by 10.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,342 shares of the construction company’s stock after purchasing an additional 223 shares during the quarter. Trexquant Investment LP’s holdings in Installed Building Products were worth $428,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. NBC Securities Inc. purchased a new position in Installed Building Products during the 4th quarter worth approximately $25,000. Russell Investments Group Ltd. raised its position in Installed Building Products by 280.6% in the 4th quarter. Russell Investments Group Ltd. now owns 137 shares of the construction company’s stock valued at $25,000 after purchasing an additional 101 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of Installed Building Products by 253.7% during the fourth quarter. Hexagon Capital Partners LLC now owns 145 shares of the construction company’s stock worth $27,000 after buying an additional 104 shares during the period. Annapolis Financial Services LLC increased its stake 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 buying an additional 53 shares during the period. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in Installed Building Products during the 4th quarter worth $32,000. 99.61% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Installed Building Products

In related news, insider Jason R. Niswonger sold 6,000 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $229.84, for a total transaction of $1,379,040.00. Following the completion of the sale, the insider now directly owns 13,159 shares of the company’s stock, valued at approximately $3,024,464.56. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Installed Building Products news, COO Brad A. Wheeler sold 1,119 shares of the stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $244.22, for a total value of $273,282.18. Following the completion of the sale, the chief operating officer now owns 6,679 shares of the company’s stock, valued at $1,631,145.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jason R. Niswonger sold 6,000 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $229.84, for a total transaction of $1,379,040.00. Following the transaction, the insider now directly owns 13,159 shares in the company, valued at $3,024,464.56. The disclosure for this sale can be found here. Insiders sold 9,741 shares of company stock valued at $2,218,193 over the last 90 days. Corporate insiders own 16.50% of the company’s stock.

Analysts Set New Price Targets

IBP has been the topic of several recent analyst reports. Royal Bank of Canada boosted their target price on Installed Building Products from $216.00 to $220.00 and gave the stock a “sector perform” rating in a research report on Friday, May 10th. DA Davidson started coverage on Installed Building Products in a report on Tuesday, March 5th. They issued a “buy” rating and a $275.00 target price for the company. Loop Capital upped their target price on shares of Installed Building Products from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Evercore ISI raised their price target on Installed Building Products from $226.00 to $272.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Finally, Benchmark upped their price target on shares of Installed Building Products from $250.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, Installed Building Products presently has an average rating of “Moderate Buy” and a consensus price target of $229.30.

Get Our Latest Research Report on Installed Building Products

Installed Building Products Price Performance

Shares of Installed Building Products stock opened at $211.84 on Monday. The stock has a market capitalization of $6.03 billion, a P/E ratio of 23.96 and a beta of 1.91. The company has a current ratio of 3.18, a quick ratio of 2.67 and a debt-to-equity ratio of 1.25. The business’s fifty day moving average price is $234.43 and its 200 day moving average price is $208.43. Installed Building Products, Inc. has a twelve month low of $103.50 and a twelve month high of $263.76.

Installed Building Products (NYSE:IBPGet Free Report) last released its quarterly earnings data on Thursday, May 9th. The construction company reported $2.37 earnings per share for the quarter, beating the consensus estimate of $2.08 by $0.29. The business had revenue of $692.90 million for the quarter, compared to analyst estimates of $676.60 million. Installed Building Products had a return on equity of 45.41% and a net margin of 8.90%. As a group, research analysts anticipate that Installed Building Products, Inc. will post 11.23 earnings per share for the current year.

Installed Building Products Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 30th. Shareholders of record on Saturday, June 15th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, June 14th. This represents a $1.40 annualized dividend and a yield of 0.66%. Installed Building Products’s dividend payout ratio is currently 15.84%.

About Installed Building Products

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Installed Building Products (NYSE:IBP)

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