Dimensional Fund Advisors LP Cuts Position in Installed Building Products, Inc. $IBP

Dimensional Fund Advisors LP decreased its position in Installed Building Products, Inc. (NYSE:IBP) by 8.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 547,836 shares of the construction company’s stock after selling 53,299 shares during the quarter. Dimensional Fund Advisors LP owned 2.02% of Installed Building Products worth $135,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of IBP. Verdence Capital Advisors LLC raised its stake in shares of Installed Building Products by 3.5% in the third quarter. Verdence Capital Advisors LLC now owns 1,265 shares of the construction company’s stock valued at $343,000 after acquiring an additional 43 shares during the period. Amalgamated Bank boosted its stake 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 worth $1,625,000 after purchasing an additional 50 shares during the period. State of Wyoming boosted its stake in shares of Installed Building Products by 5.1% during the 2nd quarter. State of Wyoming now owns 1,101 shares of the construction company’s stock worth $199,000 after purchasing an additional 53 shares during the period. Farther Finance Advisors LLC grew its holdings in Installed Building Products by 31.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 224 shares of the construction company’s stock valued at $55,000 after purchasing an additional 54 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Installed Building Products by 14.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 439 shares of the construction company’s stock valued at $78,000 after purchasing an additional 54 shares during the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Installed Building Products

In other Installed Building Products news, CEO Jeffrey W. Edwards sold 400,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer directly owned 1,727,819 shares in the company, 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 the SEC website. 16.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Vertical Research raised shares of 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. Zacks Research cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Benchmark downgraded Installed Building Products from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. Weiss Ratings raised Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Finally, Royal Bank Of Canada boosted their price objective on Installed Building Products from $203.00 to $255.00 and gave the company an “underperform” rating in a report on Friday, February 27th. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Installed Building Products has a consensus rating of “Reduce” and a consensus target price of $256.09.

Installed Building Products Trading Down 2.7%

Shares of IBP opened at $291.22 on Wednesday. The firm has a market capitalization of $7.86 billion, a price-to-earnings ratio of 29.93, a PEG ratio of 4.21 and a beta of 1.90. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.03 and a quick ratio of 2.44. Installed Building Products, Inc. has a 1-year low of $150.83 and a 1-year high of $349.00. The company has a 50-day moving average of $307.22 and a 200 day moving average of $276.62.

Installed Building Products (NYSE:IBP) last issued its earnings results on Thursday, February 26th. The construction company reported $3.24 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 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 company’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.88 EPS. On average, research analysts expect that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Dividend Announcement

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

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.