Representative David Taylor (R-Ohio) recently bought shares of Installed Building Products, Inc. (NYSE:IBP). In a filing disclosed on February 02nd, the Representative disclosed that they had bought between $1,001 and $15,000 in Installed Building Products stock on January 29th. The trade occurred in the Representative’s “DAVID TAYLOR TRUST > SARDINIA READY MIX 401(K) – DAVE” account.
Representative David Taylor also recently made the following trade(s):
- Purchased $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/29/2026.
- Purchased $1,001 – $15,000 in shares of Broadcom (NASDAQ:AVGO) on 1/29/2026.
- Sold $1,001 – $15,000 in shares of Amgen (NASDAQ:AMGN) on 1/29/2026.
- Sold $1,001 – $15,000 in shares of Vertex Pharmaceuticals (NASDAQ:VRTX) on 1/29/2026.
- Purchased $1,001 – $15,000 in shares of Medpace (NASDAQ:MEDP) on 1/29/2026.
- Purchased $1,001 – $15,000 in shares of Salesforce (NYSE:CRM) on 1/29/2026.
- Purchased $1,001 – $15,000 in shares of Amazon.com (NASDAQ:AMZN) on 1/29/2026.
- Sold $1,001 – $15,000 in shares of Procter & Gamble (NYSE:PG) on 1/29/2026.
- Purchased $1,001 – $15,000 in shares of Prologis (NYSE:PLD) on 1/29/2026.
- Purchased $1,001 – $15,000 in shares of JPMorgan Chase & Co. (NYSE:JPM) on 1/29/2026.
Installed Building Products Stock Up 5.7%
IBP opened at $303.33 on Wednesday. The stock’s fifty day moving average is $279.74 and its 200-day moving average is $260.82. The company has a market capitalization of $8.23 billion, a PE ratio of 32.65, a P/E/G ratio of 5.30 and a beta of 1.92. Installed Building Products, Inc. has a one year low of $150.83 and a one year high of $317.86. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.28 and a current ratio of 2.78.
Insider Buying and Selling
In other Installed Building Products news, insider William Jeffrey Hire sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $251.63, for a total value of $1,258,150.00. Following the completion of the sale, the insider directly owned 32,999 shares of the company’s stock, valued at $8,303,538.37. The trade was a 13.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael H. Thomas sold 2,001 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total transaction of $536,828.28. Following the transaction, the director owned 8,373 shares in the company, valued at $2,246,308.44. This represents a 19.29% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 16.20% of the company’s stock.
Hedge Funds Weigh In On Installed Building Products
Several institutional investors and hedge funds have recently modified their holdings of IBP. MGO One Seven LLC boosted its position in Installed Building Products by 3.1% during the fourth quarter. MGO One Seven LLC now owns 1,133 shares of the construction company’s stock valued at $294,000 after purchasing an additional 34 shares during the last quarter. Legacy Wealth Asset Management LLC raised its stake in shares of Installed Building Products by 2.6% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 1,396 shares of the construction company’s stock worth $362,000 after purchasing an additional 35 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of Installed Building Products by 3.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,265 shares of the construction company’s stock valued at $343,000 after buying an additional 43 shares during the last quarter. Amalgamated Bank lifted its holdings in shares of Installed Building Products by 0.8% during the 3rd quarter. Amalgamated Bank now owns 6,589 shares of the construction company’s stock valued at $1,625,000 after buying an additional 50 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its stake in shares of Installed Building Products by 0.5% in the 4th quarter. State of Alaska Department of Revenue now owns 11,533 shares of the construction company’s stock valued at $2,991,000 after buying an additional 52 shares in the last quarter. 99.61% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently issued reports on IBP shares. Zacks Research cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, January 16th. Wells Fargo & Company upped their price objective on shares of Installed Building Products from $275.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. Jefferies Financial Group raised their target price on shares of Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a report on Monday, December 15th. JPMorgan Chase & Co. restated an “underweight” rating and set a $245.00 price target on shares of Installed Building Products in a report on Tuesday, January 13th. Finally, Vertical Research began coverage on shares of Installed Building Products in a research report on Monday, October 20th. They issued a “sell” rating for the company. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $235.36.
View Our Latest Stock Report on IBP
About Representative Taylor
David Taylor (Republican Party) is a member of the U.S. House, representing Ohio’s 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Taylor (Republican Party) ran for election to the U.S. House to represent Ohio’s 2nd Congressional District. He won in the general election on November 5, 2024.
David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor’s career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.
Installed Building Products Company 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.
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