TD Private Client Wealth LLC Has $136,000 Position in Installed Building Products, Inc. $IBP

TD Private Client Wealth LLC lowered its holdings in Installed Building Products, Inc. (NYSE:IBP) by 33.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 755 shares of the construction company’s stock after selling 379 shares during the quarter. TD Private Client Wealth LLC’s holdings in Installed Building Products were worth $136,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. GAMMA Investing LLC lifted its stake in Installed Building Products by 107.1% during the 1st quarter. GAMMA Investing LLC now owns 986 shares of the construction company’s stock valued at $169,000 after acquiring an additional 510 shares in the last quarter. Fifth Third Bancorp lifted its stake in Installed Building Products by 74.6% during the 1st quarter. Fifth Third Bancorp now owns 227 shares of the construction company’s stock valued at $39,000 after acquiring an additional 97 shares in the last quarter. Crossmark Global Holdings Inc. lifted its stake in Installed Building Products by 27.2% during the 1st quarter. Crossmark Global Holdings Inc. now owns 2,212 shares of the construction company’s stock valued at $379,000 after acquiring an additional 473 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Installed Building Products by 36.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 2,079 shares of the construction company’s stock valued at $356,000 after acquiring an additional 557 shares in the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in shares of Installed Building Products by 1.7% during the 1st quarter. Stratos Wealth Partners LTD. now owns 4,173 shares of the construction company’s stock worth $716,000 after purchasing an additional 68 shares during the period. 99.61% of the stock is currently owned by institutional investors.

Installed Building Products Stock Down 0.1%

Shares of NYSE IBP opened at $249.04 on Tuesday. Installed Building Products, Inc. has a 12 month low of $150.83 and a 12 month high of $280.00. The company has a current ratio of 2.85, a quick ratio of 2.31 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $6.81 billion, a price-to-earnings ratio of 27.70 and a beta of 1.76. The business has a 50-day moving average of $249.98 and a 200-day moving average of $198.96.

Installed Building Products (NYSE:IBP) last released its earnings results on Thursday, August 7th. The construction company reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.50. Installed Building Products had a return on equity of 60.27% and a net margin of 8.45%.The company had revenue of $760.30 million during the quarter, compared to the consensus estimate of $711.37 million. During the same quarter in the previous year, the company posted $2.84 EPS. Installed Building Products’s quarterly revenue was up 3.1% compared to the same quarter last year. Sell-side analysts expect that Installed Building Products, Inc. will post 10.66 earnings per share for the current fiscal year.

Installed Building Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, September 15th. Installed Building Products’s dividend payout ratio is presently 16.46%.

Insider Transactions at Installed Building Products

In related news, insider William Jeffrey Hire sold 6,500 shares of the company’s stock in a transaction on 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 sale, the insider directly owned 37,999 shares of the company’s stock, valued at $10,096,714.29. This represents a 14.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Brad A. Wheeler sold 3,186 shares of the stock in a transaction on Tuesday, August 26th. The stock was sold at an average price of $275.29, for a total value of $877,073.94. Following the completion of the sale, the chief operating officer directly owned 8,736 shares in the company, valued at approximately $2,404,933.44. This represents a 26.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,655 shares of company stock valued at $3,123,578 in the last three months. Company insiders own 16.20% of the company’s stock.

Analyst Upgrades and Downgrades

IBP has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Installed Building Products from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Research upgraded Installed Building Products from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 14th. Royal Bank Of Canada reiterated an “underperform” rating and set a $184.00 target price (up from $145.00) on shares of Installed Building Products in a research note on Thursday, August 7th. Danske cut Installed Building Products from a “buy” rating to a “hold” rating and set a $252.00 target price on the stock. in a research note on Tuesday, August 12th. Finally, Loop Capital cut Installed Building Products from a “buy” rating to a “hold” rating and set a $255.00 target price on the stock. in a research note on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $217.36.

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.