E. Ohman J or Asset Management AB Reduces Stock Position in Installed Building Products, Inc. $IBP

E. Ohman J or Asset Management AB cut its stake in Installed Building Products, Inc. (NYSE:IBP) by 17.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,392 shares of the construction company’s stock after selling 2,578 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in Installed Building Products were worth $3,057,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IBP. Timucuan Asset Management Inc. FL increased its position in shares of Installed Building Products by 73.2% in the second quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company’s stock worth $156,261,000 after purchasing an additional 366,250 shares during the last quarter. Franklin Resources Inc. lifted its position in Installed Building Products by 19.3% during the second quarter. Franklin Resources Inc. now owns 238,077 shares of the construction company’s stock valued at $42,930,000 after purchasing an additional 38,585 shares during the last quarter. Trinity Financial Advisors LLC bought a new stake in Installed Building Products during the second quarter valued at approximately $1,244,000. Bahl & Gaynor Inc. grew its stake in Installed Building Products by 79.4% in the 2nd quarter. Bahl & Gaynor Inc. now owns 8,211 shares of the construction company’s stock worth $1,481,000 after buying an additional 3,633 shares in the last quarter. Finally, Level Four Advisory Services LLC increased its holdings in shares of Installed Building Products by 13.3% in the 2nd quarter. Level Four Advisory Services LLC now owns 8,666 shares of the construction company’s stock worth $1,563,000 after buying an additional 1,019 shares during the last quarter. 99.61% of the stock is currently owned by institutional investors.

Installed Building Products Stock Up 0.6%

Shares of NYSE:IBP opened at $267.43 on Friday. The stock has a market capitalization of $7.25 billion, a P/E ratio of 28.79, a price-to-earnings-growth ratio of 4.91 and a beta of 1.90. The stock’s 50-day moving average price is $262.03 and its 200-day moving average price is $240.26. The company has a current ratio of 2.78, a quick ratio of 2.28 and a debt-to-equity ratio of 1.25. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month high of $293.53.

Installed Building Products (NYSE:IBP) last issued its earnings results on Wednesday, November 5th. The construction company reported $3.18 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.49. Installed Building Products had a return on equity of 62.74% and a net margin of 8.60%.The company had revenue of $778.20 million during the quarter, compared to analysts’ expectations of $751.98 million. During the same period in the prior year, the business posted $2.85 EPS. Installed Building Products’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities analysts anticipate that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

Installed Building Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be issued a $0.37 dividend. The ex-dividend date is Monday, December 15th. This represents a $1.48 annualized dividend and a dividend yield of 0.6%. Installed Building Products’s dividend payout ratio (DPR) is currently 15.93%.

Analyst Upgrades and Downgrades

IBP has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their price objective on shares of Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a report on Monday, December 15th. Weiss Ratings downgraded Installed Building Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, December 22nd. Wall Street Zen cut Installed Building Products from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Vertical Research started coverage on Installed Building Products in a research report on Monday, October 20th. They set a “sell” rating on the stock. Finally, Evercore ISI set a $265.00 price objective on Installed Building Products in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $226.20.

Insider Activity at Installed Building Products

In related news, Director Michael H. Thomas sold 2,001 shares of Installed Building Products stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total value of $536,828.28. Following the transaction, the director directly owned 8,373 shares of the company’s stock, valued at $2,246,308.44. The trade was a 19.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider William Jeffrey Hire sold 5,000 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $251.63, for a total transaction of $1,258,150.00. Following the sale, the insider owned 32,999 shares of the company’s stock, valued at $8,303,538.37. This represents a 13.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 16.20% of the stock is currently owned by company insiders.

Installed Building Products Profile

Installed Building Products, Inc (NYSE: IBP) is a leading national installer of specialty building products serving the U.S. residential construction market. The company partners with homebuilders and contractors to deliver a comprehensive range of interior and exterior finishing services, including insulation, drywall finishing, protective coatings and basement waterproofing systems. By offering a single-source solution, Installed Building Products helps streamline project coordination and ensures consistent service quality across multiple trades.

Founded in 1977 and headquartered in Columbus, Ohio, Installed Building Products has expanded from a regional insulation installer into a nationwide platform operating in nearly every state.