Installed Building Products, Inc. $IBP Stock Position Raised by Bank of Montreal Can

Bank of Montreal Can boosted its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 4.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,552 shares of the construction company’s stock after purchasing an additional 214 shares during the period. Bank of Montreal Can’s holdings in Installed Building Products were worth $1,001,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Curio Wealth LLC raised its position in Installed Building Products by 16,800.0% during the second quarter. Curio Wealth LLC now owns 169 shares of the construction company’s stock valued at $30,000 after buying an additional 168 shares during the period. SRH Advisors LLC boosted its position in Installed Building Products by 70.8% during the 2nd quarter. SRH Advisors LLC now owns 205 shares of the construction company’s stock worth $37,000 after acquiring an additional 85 shares during the period. Advisors Asset Management Inc. grew its stake in Installed Building Products by 36.7% during the 1st quarter. Advisors Asset Management Inc. now owns 555 shares of the construction company’s stock valued at $95,000 after acquiring an additional 149 shares in the last quarter. Covestor Ltd increased its holdings in shares of Installed Building Products by 92.1% in the 1st quarter. Covestor Ltd now owns 557 shares of the construction company’s stock valued at $96,000 after purchasing an additional 267 shares during the period. Finally, CWM LLC lifted its position in shares of Installed Building Products by 178.7% in the first quarter. CWM LLC now owns 588 shares of the construction company’s stock worth $101,000 after purchasing an additional 377 shares in the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Installed Building Products Stock Performance

Shares of IBP opened at $250.73 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.85 and a quick ratio of 2.31. Installed Building Products, Inc. has a one year low of $150.83 and a one year high of $280.00. The company’s fifty day moving average price is $255.35 and its 200 day moving average price is $219.00. The company has a market capitalization of $6.80 billion, a PE ratio of 27.89 and a beta of 1.81.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings results on Wednesday, November 5th. The construction company reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.49. Installed Building Products had a return on equity of 60.27% and a net margin of 8.45%.The company had revenue of $778.20 million for the quarter, compared to the consensus estimate of $751.98 million. During the same period last year, the business posted $2.85 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. As a group, analysts expect that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

Installed Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be given 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, December 15th. Installed Building Products’s payout ratio is currently 15.93%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IBP. Vertical Research started coverage on shares of Installed Building Products in a report on Monday, October 20th. They set a “sell” rating for the company. Zacks Research upgraded shares of Installed Building Products from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 14th. Weiss Ratings restated a “hold (c+)” rating on shares of Installed Building Products in a report on Wednesday, October 8th. Danske downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating and set a $252.00 price target on the stock. in a research note on Tuesday, August 12th. Finally, Wall Street Zen upgraded Installed Building Products from a “hold” rating to a “buy” rating in a report on Monday, November 10th. Two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $224.45.

Insider Transactions at Installed Building Products

In other news, insider William Jeffrey Hire sold 5,000 shares of the stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $251.63, for a total value of $1,258,150.00. Following the completion of the sale, the insider directly owned 32,999 shares of the company’s stock, valued at approximately $8,303,538.37. This represents a 13.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Janet E. Jackson sold 1,469 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $266.00, for a total transaction of $390,754.00. Following the completion of the sale, the director owned 6,873 shares in the company, valued at approximately $1,828,218. The trade was a 17.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,655 shares of company stock worth $2,525,978 over the last three months. 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.