Installed Building Products (NYSE:IBP) CEO Sells $125,624,000.00 in Stock

Installed Building Products, Inc. (NYSE:IBP) CEO Jeffrey Edwards sold 400,000 shares of the firm’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 sale, the chief executive officer directly owned 1,727,819 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website.

Installed Building Products Stock Performance

Shares of Installed Building Products stock opened at $306.45 on Friday. The company has a market capitalization of $8.27 billion, a PE ratio of 31.50, a P/E/G ratio of 4.53 and a beta of 1.90. The company has a 50-day simple moving average of $306.05 and a two-hundred day simple moving average of $276.11. Installed Building Products, Inc. has a one year low of $150.83 and a one year high of $349.00. 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 (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. 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 firm earned $2.88 EPS. The company’s quarterly revenue was down .4% compared to the same quarter last year. Research analysts expect that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a dividend yield of 56.0%. Installed Building Products’s dividend payout ratio is presently 15.21%.

Institutional Investors Weigh In On Installed Building Products

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Danske Bank A S purchased a new stake in Installed Building Products in the third quarter valued at $25,000. NewEdge Advisors LLC raised its stake in shares of Installed Building Products by 5,000.0% during the 3rd quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock valued at $25,000 after buying an additional 100 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Installed Building Products in the 3rd quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Installed Building Products by 700.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock valued at $37,000 after buying an additional 133 shares during the period. Finally, Salomon & Ludwin LLC purchased a new stake in shares of Installed Building Products in the third quarter worth about $42,000. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on IBP shares. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $245.00 price objective on shares of Installed Building Products in a research report on Tuesday, January 13th. Vertical Research raised Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 target price on the stock in a research report on Friday, February 27th. Zacks Research cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Jefferies Financial Group raised their price target on Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a report on Monday, December 15th. Finally, Royal Bank Of Canada boosted their price target on Installed Building Products from $203.00 to $255.00 and gave the stock an “underperform” rating in a research note on Friday, February 27th. One equities research 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 data from MarketBeat.com, Installed Building Products has a consensus rating of “Reduce” and a consensus price target of $256.09.

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.