31,946 Shares in Installed Building Products, Inc. $IBP Purchased by Aquatic Capital Management LLC

Aquatic Capital Management LLC bought a new stake in Installed Building Products, Inc. (NYSE:IBP) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund bought 31,946 shares of the construction company’s stock, valued at approximately $7,880,000. Aquatic Capital Management LLC owned approximately 0.12% of Installed Building Products at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in IBP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Installed Building Products by 3.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,130 shares of the construction company’s stock valued at $2,423,000 after buying an additional 486 shares during the period. United Services Automobile Association acquired a new position in Installed Building Products during the 1st quarter worth $263,000. Jane Street Group LLC increased its holdings in Installed Building Products by 270.0% during the 1st quarter. Jane Street Group LLC now owns 17,192 shares of the construction company’s stock worth $2,948,000 after purchasing an additional 12,545 shares during the period. Bank of Montreal Can raised its position in Installed Building Products by 4.0% in the 2nd quarter. Bank of Montreal Can now owns 5,552 shares of the construction company’s stock valued at $1,001,000 after purchasing an additional 214 shares in the last quarter. Finally, Profund Advisors LLC purchased a new stake in shares of Installed Building Products during the second quarter worth approximately $207,000. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Trading Up 4.7%

Shares of Installed Building Products stock opened at $285.00 on Monday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.44 and a current ratio of 3.03. The company has a market capitalization of $7.69 billion, a P/E ratio of 29.29, a PEG ratio of 4.00 and a beta of 1.90. Installed Building Products, Inc. has a 1 year low of $150.83 and a 1 year high of $349.00. The company’s fifty day moving average is $308.29 and its two-hundred day moving average is $276.75.

Installed Building Products (NYSE:IBP) last announced its earnings results on Thursday, February 26th. The construction company reported $3.24 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.41. The business had revenue of $747.50 million during the quarter, compared to analysts’ expectations of $738.97 million. Installed Building Products had a net margin of 8.93% and a return on equity of 43.71%. The business’s revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.88 earnings per share. Analysts forecast that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

Installed Building Products Announces Dividend

The business also recently declared a special dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a dividend yield of 63.0%. Installed Building Products’s dividend payout ratio (DPR) is currently 16.03%.

Analysts Set New Price Targets

Several research analysts have commented on IBP shares. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $245.00 price target on shares of Installed Building Products in a report on Tuesday, January 13th. Wall Street Zen cut Installed Building Products from a “buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Jefferies Financial Group raised their target price on Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a research report on Monday, December 15th. Wells Fargo & Company lowered their price target on Installed Building Products from $355.00 to $340.00 and set an “equal weight” rating for the company in a report on Friday, February 27th. Finally, Vertical Research raised shares of Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 price objective on the stock in a report on Friday, February 27th. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Installed Building Products presently has a consensus rating of “Reduce” and an average price target of $256.09.

Insiders Place Their Bets

In other Installed Building Products news, CEO Jeffrey W. Edwards sold 400,000 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $314.06, for a total value of $125,624,000.00. Following the transaction, the chief executive officer directly owned 1,727,819 shares of the company’s stock, valued at approximately $542,638,835.14. The trade was a 18.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Janet E. Jackson sold 1,410 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $293.31, for a total transaction of $413,567.10. Following the completion of the sale, the director owned 5,373 shares of the company’s stock, valued at $1,575,954.63. This trade represents a 20.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 16.20% of the company’s stock.

About Installed Building Products

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.