D.A. Davidson & CO. Purchases Shares of 1,832 Installed Building Products, Inc. $IBP

D.A. Davidson & CO. purchased a new position in shares of Installed Building Products, Inc. (NYSE:IBP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,832 shares of the construction company’s stock, valued at approximately $452,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in IBP. Radnor Capital Management LLC lifted its position in Installed Building Products by 13.9% during the third quarter. Radnor Capital Management LLC now owns 9,653 shares of the construction company’s stock worth $2,381,000 after buying an additional 1,175 shares during the period. PDS Planning Inc purchased a new position in shares of Installed Building Products during the 3rd quarter worth about $211,000. Salomon & Ludwin LLC purchased a new position in shares of Installed Building Products during the 3rd quarter worth about $42,000. Ascent Group LLC boosted its position in shares of Installed Building Products by 2.8% in the third quarter. Ascent Group LLC now owns 29,987 shares of the construction company’s stock worth $7,397,000 after acquiring an additional 814 shares during the last quarter. Finally, Petros Family Wealth LLC purchased a new stake in Installed Building Products in the third quarter valued at approximately $210,000. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Trading Up 2.7%

Shares of IBP opened at $311.08 on Wednesday. Installed Building Products, Inc. has a 12 month low of $150.83 and a 12 month high of $312.35. The stock’s 50-day moving average is $266.01 and its two-hundred day moving average is $249.56. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.78 and a quick ratio of 2.28. The stock has a market cap of $8.44 billion, a PE ratio of 33.49, a P/E/G ratio of 5.59 and a beta of 1.91.

Installed Building Products (NYSE:IBP) last announced its earnings results on Wednesday, November 5th. The construction company reported $3.18 EPS for the quarter, beating the consensus estimate of $2.69 by $0.49. The business had revenue of $778.20 million for the quarter, compared to the consensus estimate of $751.98 million. Installed Building Products had a return on equity of 62.74% and a net margin of 8.60%.The company’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the business posted $2.85 EPS. Equities analysts forecast 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 was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, December 15th. Installed Building Products’s dividend payout ratio (DPR) is presently 15.93%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on IBP shares. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $245.00 price target on shares of Installed Building Products in a report on Tuesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Installed Building Products in a report on Monday, December 29th. Wells Fargo & Company assumed coverage on Installed Building Products in a research note on Monday, November 17th. They set an “equal weight” rating for the company. Zacks Research upgraded Installed Building Products from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. Finally, Royal Bank Of Canada boosted their target price on Installed Building Products from $184.00 to $203.00 and gave the stock an “underperform” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $227.90.

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.