B. Metzler seel. Sohn & Co. AG Cuts Position in Installed Building Products, Inc. $IBP

B. Metzler seel. Sohn & Co. AG lowered its holdings in shares of Installed Building Products, Inc. (NYSE:IBP) by 21.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,107 shares of the construction company’s stock after selling 3,028 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Installed Building Products were worth $2,740,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Apollon Wealth Management LLC purchased a new position in shares of Installed Building Products during the 3rd quarter valued at approximately $481,000. Bayforest Capital Ltd increased its holdings in Installed Building Products by 180.0% in the 3rd quarter. Bayforest Capital Ltd now owns 2,853 shares of the construction company’s stock worth $704,000 after acquiring an additional 1,834 shares in the last quarter. Blalock Williams LLC purchased a new stake in Installed Building Products in the 3rd quarter worth $792,000. Envestnet Asset Management Inc. raised its position in Installed Building Products by 16.3% during the third quarter. Envestnet Asset Management Inc. now owns 131,850 shares of the construction company’s stock worth $32,522,000 after acquiring an additional 18,487 shares during the period. Finally, Timucuan Asset Management Inc. FL raised its position in Installed Building Products by 73.2% during the second quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company’s stock worth $156,261,000 after acquiring an additional 366,250 shares during the period. 99.61% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Installed Building Products news, CEO Jeffrey W. Edwards sold 400,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 1,727,819 shares of the company’s stock, valued at $542,638,835.14. This trade represents a 18.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 16.20% of the stock is owned by company insiders.

Installed Building Products Trading Down 2.4%

Shares of IBP opened at $298.55 on Tuesday. Installed Building Products, Inc. has a 52-week low of $150.83 and a 52-week high of $349.00. The stock has a market cap of $8.05 billion, a PE ratio of 30.68, a price-to-earnings-growth ratio of 4.29 and a beta of 1.90. The firm’s fifty day moving average is $306.69 and its two-hundred day moving average is $276.49. The company has a quick ratio of 2.44, a current ratio of 3.03 and a debt-to-equity ratio of 1.20.

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

Installed Building Products Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Tuesday, March 31st. Shareholders 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 56.0%. Installed Building Products’s dividend payout ratio is presently 15.21%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on IBP shares. Wall Street Zen lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Zacks Research downgraded shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $245.00 price target on shares of Installed Building Products in a research note on Tuesday, January 13th. Royal Bank Of Canada lifted their price objective on Installed Building Products from $203.00 to $255.00 and gave the stock an “underperform” rating in a report on Friday, February 27th. Finally, 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 research note on Friday, February 27th. One research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $256.09.

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.