Hsbc Holdings PLC Has $266,000 Holdings in Installed Building Products, Inc. $IBP

Hsbc Holdings PLC lessened its stake in Installed Building Products, Inc. (NYSE:IBP) by 81.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,551 shares of the construction company’s stock after selling 6,661 shares during the quarter. Hsbc Holdings PLC’s holdings in Installed Building Products were worth $266,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Installed Building Products by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,671,315 shares of the construction company’s stock worth $458,024,000 after acquiring an additional 34,512 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in Installed Building Products by 28.6% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 530,181 shares of the construction company’s stock worth $90,905,000 after acquiring an additional 117,810 shares in the last quarter. Giverny Capital Inc. raised its stake in Installed Building Products by 0.7% during the first quarter. Giverny Capital Inc. now owns 508,073 shares of the construction company’s stock worth $87,114,000 after acquiring an additional 3,338 shares in the last quarter. Van Berkom & Associates Inc. raised its stake in Installed Building Products by 15.0% during the first quarter. Van Berkom & Associates Inc. now owns 429,458 shares of the construction company’s stock worth $73,635,000 after acquiring an additional 56,000 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC raised its stake in Installed Building Products by 13.1% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 323,741 shares of the construction company’s stock worth $56,736,000 after acquiring an additional 37,511 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Analyst Upgrades and Downgrades

IBP has been the topic of several research reports. Zacks Research upgraded Installed Building Products from a “strong sell” rating to a “hold” rating in a report on Thursday, August 14th. Zelman & Associates upgraded Installed Building Products from an “underperform” rating to a “neutral” rating in a report on Friday, August 8th. Loop Capital cut Installed Building Products from a “buy” rating to a “hold” rating and set a $255.00 price target on the stock. in a report on Friday, August 8th. Royal Bank Of Canada restated an “underperform” rating and set a $184.00 price target (up from $145.00) on shares of Installed Building Products in a report on Thursday, August 7th. Finally, Benchmark reduced their target price on Installed Building Products from $210.00 to $185.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Installed Building Products has an average rating of “Hold” and an average price target of $217.36.

Installed Building Products Price Performance

Shares of IBP opened at $269.73 on Friday. Installed Building Products, Inc. has a 52-week low of $150.83 and a 52-week high of $278.74. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.31 and a current ratio of 2.85. The business’s 50 day moving average price is $226.40 and its two-hundred day moving average price is $187.95. The firm has a market cap of $7.37 billion, a PE ratio of 30.00 and a beta of 1.76.

Installed Building Products (NYSE:IBP) last issued its earnings results on Thursday, August 7th. The construction company reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.50. The company had revenue of $760.30 million for the quarter, compared to analysts’ expectations of $711.37 million. Installed Building Products had a return on equity of 60.27% and a net margin of 8.45%.Installed Building Products’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business earned $2.84 EPS. On average, equities analysts anticipate that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, September 15th. Installed Building Products’s dividend payout ratio is currently 16.46%.

Insider Activity at Installed Building Products

In related news, Director Janet E. Jackson sold 1,469 shares of Installed Building Products stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $266.00, for a total value of $390,754.00. Following the completion of the sale, the director owned 6,873 shares of the company’s stock, valued at approximately $1,828,218. This trade represents a 17.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider William Jeffrey Hire sold 6,500 shares of Installed Building Products stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $265.71, for a total value of $1,727,115.00. Following the completion of the sale, the insider directly owned 37,999 shares of the company’s stock, valued at approximately $10,096,714.29. This trade represents a 14.61% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,655 shares of company stock valued at $3,123,578 over the last quarter. 16.20% of the stock is currently owned by insiders.

Installed Building Products Company 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.