Beacon Investment Advisory Services Inc. Has $3.11 Million Stake in Installed Building Products, Inc. $IBP

Beacon Investment Advisory Services Inc. lessened its position in Installed Building Products, Inc. (NYSE:IBP) by 17.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,974 shares of the construction company’s stock after selling 2,500 shares during the period. Beacon Investment Advisory Services Inc.’s holdings in Installed Building Products were worth $3,106,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of IBP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Installed Building Products by 3.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,130 shares of the construction company’s stock valued at $2,423,000 after purchasing an additional 486 shares in the last quarter. United Services Automobile Association acquired a new position in shares of Installed Building Products in the first quarter valued at approximately $263,000. Jane Street Group LLC increased its stake in shares of Installed Building Products by 270.0% in the first quarter. Jane Street Group LLC now owns 17,192 shares of the construction company’s stock valued at $2,948,000 after buying an additional 12,545 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in Installed Building Products in the 2nd quarter valued at approximately $272,000. Finally, Legal & General Group Plc raised its holdings in Installed Building Products by 1.3% in the 2nd quarter. Legal & General Group Plc now owns 70,102 shares of the construction company’s stock valued at $12,641,000 after buying an additional 879 shares during the last quarter. 99.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

IBP has been the topic of a number of research reports. Royal Bank Of Canada boosted their target price on shares of Installed Building Products from $203.00 to $255.00 and gave the stock an “underperform” rating in a report on Friday, February 27th. Benchmark lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $245.00 price objective on shares of Installed Building Products in a research note on Tuesday, January 13th. Vertical Research upgraded Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 price objective for the company in a report on Friday, February 27th. Finally, Zacks Research lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Eleven analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $257.73.

Installed Building Products Stock Performance

NYSE:IBP opened at $262.26 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. Installed Building Products, Inc. has a fifty-two week low of $150.83 and a fifty-two week high of $349.00. The company has a 50 day simple moving average of $304.17 and a two-hundred day simple moving average of $277.11. The company has a market capitalization of $7.08 billion, a PE ratio of 26.95, a P/E/G ratio of 3.69 and a beta of 1.90.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings results on Thursday, February 26th. The construction company reported $3.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.83 by $0.41. Installed Building Products had a net margin of 8.93% and a return on equity of 43.71%. The firm had revenue of $747.50 million for the quarter, compared to the consensus estimate of $738.97 million. During the same quarter in the previous year, the company earned $2.88 EPS. The company’s revenue for the quarter was down .4% on a year-over-year basis. Research analysts anticipate that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

Installed Building Products Dividend Announcement

The company also recently announced a special dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a $1.80 dividend. The ex-dividend date is Friday, March 13th. This represents a yield of 63.0%. Installed Building Products’s payout ratio is presently 16.03%.

Insiders Place Their Bets

In other news, Director Janet E. Jackson sold 1,410 shares of Installed Building Products stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $293.31, for a total value of $413,567.10. Following the completion of the transaction, the director directly owned 5,373 shares of the company’s stock, valued at approximately $1,575,954.63. This trade represents a 20.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey W. Edwards sold 400,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly owned 1,727,819 shares in the company, valued at $542,638,835.14. This represents a 18.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate 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.