Ascent Group LLC Buys 1,911 Shares of Installed Building Products, Inc. $IBP

Ascent Group LLC boosted its stake in Installed Building Products, Inc. (NYSE:IBP) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,898 shares of the construction company’s stock after acquiring an additional 1,911 shares during the period. Ascent Group LLC owned 0.12% of Installed Building Products worth $8,274,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in IBP. Eminence Capital LP increased its holdings in Installed Building Products by 48.5% in the second quarter. Eminence Capital LP now owns 945,101 shares of the construction company’s stock worth $170,421,000 after purchasing an additional 308,717 shares in the last quarter. Bamco Inc. NY boosted its stake in Installed Building Products by 8.5% during the second quarter. Bamco Inc. NY now owns 481,039 shares of the construction company’s stock worth $86,741,000 after acquiring an additional 37,595 shares in the last quarter. First Trust Advisors LP grew its holdings in Installed Building Products by 2.4% in the third quarter. First Trust Advisors LP now owns 399,510 shares of the construction company’s stock worth $98,543,000 after purchasing an additional 9,489 shares during the period. Ameriprise Financial Inc. grew its holdings in Installed Building Products by 84.1% in the second quarter. Ameriprise Financial Inc. now owns 276,690 shares of the construction company’s stock worth $49,893,000 after purchasing an additional 126,435 shares during the period. Finally, TD Asset Management Inc increased its stake in Installed Building Products by 2,169.2% in the third quarter. TD Asset Management Inc now owns 271,938 shares of the construction company’s stock valued at $67,076,000 after purchasing an additional 259,954 shares in the last quarter. Institutional investors own 99.61% of the company’s stock.

Installed Building Products Stock Performance

NYSE IBP opened at $268.48 on Friday. The company’s 50 day moving average is $300.47 and its 200-day moving average is $277.04. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month high of $349.00. The company has a quick ratio of 2.44, a current ratio of 3.03 and a debt-to-equity ratio of 1.20. The firm has a market cap of $7.24 billion, a P/E ratio of 27.59, a price-to-earnings-growth ratio of 3.72 and a beta of 1.97.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings data 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. The business had revenue of $747.50 million for the quarter, compared to analysts’ expectations of $738.97 million. Installed Building Products had a return on equity of 43.71% and a net margin of 8.93%.The firm’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.88 EPS. Sell-side analysts predict 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 announced a special dividend, which was paid on Tuesday, March 31st. Investors of record on Friday, March 13th were given a $1.80 dividend. The ex-dividend date was Friday, March 13th. This represents a yield of 63.0%. Installed Building Products’s payout ratio is 16.03%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on IBP. DA Davidson lifted their price target on shares of Installed Building Products from $252.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday, March 18th. Jefferies Financial Group raised their price objective on shares of Installed Building Products from $230.00 to $259.00 and gave the company a “hold” rating in a research note on Monday, December 15th. Wells Fargo & Company decreased their target price on shares of Installed Building Products from $355.00 to $340.00 and set an “equal weight” rating for the company in a research report on Friday, February 27th. Wall Street Zen lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $245.00 price target on shares of Installed Building Products in a research report on Tuesday, January 13th. Ten analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Installed Building Products currently has a consensus rating of “Reduce” and a consensus target price of $265.20.

Insider Activity

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

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.