SG Americas Securities LLC Increases Stock Holdings in Installed Building Products, Inc. $IBP

SG Americas Securities LLC boosted its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 107.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,227 shares of the construction company’s stock after acquiring an additional 4,777 shares during the period. SG Americas Securities LLC’s holdings in Installed Building Products were worth $2,393,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Eminence Capital LP increased its stake in Installed Building Products by 48.5% in the 2nd quarter. Eminence Capital LP now owns 945,101 shares of the construction company’s stock worth $170,421,000 after acquiring an additional 308,717 shares during the last quarter. Bamco Inc. NY increased its holdings in shares of Installed Building Products by 8.5% in the 2nd quarter. Bamco Inc. NY now owns 481,039 shares of the construction company’s stock worth $86,741,000 after buying an additional 37,595 shares during the last quarter. First Trust Advisors LP raised its position in shares of Installed Building Products by 2.4% during the 3rd quarter. First Trust Advisors LP now owns 399,510 shares of the construction company’s stock valued at $98,543,000 after buying an additional 9,489 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Installed Building Products by 84.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 276,690 shares of the construction company’s stock valued at $49,893,000 after buying an additional 126,435 shares in the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of Installed Building Products by 2,169.2% in the 3rd quarter. TD Asset Management Inc now owns 271,938 shares of the construction company’s stock valued at $67,076,000 after acquiring an additional 259,954 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Price Performance

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

Installed Building Products (NYSE:IBP) last posted its quarterly earnings data on Thursday, February 26th. The construction company reported $3.24 EPS for the quarter, topping the consensus estimate of $2.83 by $0.41. The business had revenue of $747.50 million during the quarter, compared to the consensus estimate 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 for the quarter was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.88 earnings per share. Analysts forecast that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a $1.80 dividend. This represents a dividend yield of 63.0%. The ex-dividend date of this dividend was Friday, March 13th. Installed Building Products’s payout ratio is 16.03%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Royal Bank Of Canada lifted their price target on Installed Building Products from $203.00 to $255.00 and gave the stock an “underperform” rating in a research report on Friday, February 27th. Jefferies Financial Group raised their price objective on Installed Building Products from $230.00 to $259.00 and gave the company a “hold” rating in a research note on Monday, December 15th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $245.00 target price on shares of Installed Building Products in a report on Tuesday, January 13th. Benchmark downgraded Installed Building Products from a “buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, DA Davidson increased their price target on Installed Building Products from $252.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, March 18th. Ten research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $265.20.

Insider Transactions at Installed Building Products

In other Installed Building Products news, CEO Jeffrey W. Edwards sold 400,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The stock was 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 of the company’s stock, valued at approximately $542,638,835.14. The trade was a 18.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Janet E. Jackson sold 1,410 shares of the company’s stock in a transaction that occurred on 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 sale, the director 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. 16.20% of the stock is owned by corporate insiders.

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.