Installed Building Products (NYSE:IBP) Insider Jason Niswonger Buys 455 Shares

by · The Cerbat Gem

Installed Building Products, Inc. (NYSE:IBP – Get Free Report) insider Jason Niswonger bought 455 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average price of $214.80 per share, for a total transaction of $97,734.00. Following the completion of the transaction, the insider owned 17,122 shares in the company, valued at $3,677,805.60. This trade represents a 2.73% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Installed Building Products Stock Performance

IBP stock traded down $3.63 during trading on Tuesday, reaching $202.57. 908,791 shares of the company’s stock were exchanged, compared to its average volume of 373,743. Installed Building Products, Inc. has a 1-year low of $150.83 and a 1-year high of $349.00. The firm has a market cap of $5.46 billion, a PE ratio of 21.60, a P/E/G ratio of 3.05 and a beta of 1.84. The company’s fifty day moving average price is $283.25 and its 200-day moving average price is $282.48. The company has a quick ratio of 2.76, a current ratio of 3.35 and a debt-to-equity ratio of 1.56.

Installed Building Products (NYSE:IBP – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The construction company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.17). Installed Building Products had a net margin of 8.65% and a return on equity of 42.28%. The business had revenue of $660.50 million for the quarter, compared to analyst estimates of $668.92 million. During the same period last year, the business posted $2.08 earnings per share. Installed Building Products’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, research analysts expect that Installed Building Products, Inc. will post 10.81 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Monday, June 15th. Installed Building Products’s dividend payout ratio is currently 16.63%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on IBP shares. Royal Bank Of Canada set a $242.00 price target on shares of Installed Building Products in a research note on Monday. Weiss Ratings lowered shares of Installed Building Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Vertical Research upgraded Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 target price for the company in a research report on Friday, February 27th. Zacks Research lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Finally, Truist Financial lowered their price target on Installed Building Products from $250.00 to $200.00 and set a “hold” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $251.83.

Check Out Our Latest Stock Analysis on IBP

Hedge Funds Weigh In On Installed Building Products

Hedge funds have recently modified their holdings of the stock. MGO One Seven LLC grew its holdings 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 lifted its stake in shares of Installed Building Products by 2.6% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 1,396 shares of the construction company’s stock worth $362,000 after buying an additional 35 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Installed Building Products by 2.0% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 1,819 shares of the construction company’s stock worth $472,000 after buying an additional 35 shares during the period. Maryland State Retirement & Pension System boosted its holdings in shares of Installed Building Products by 1.1% during the 4th quarter. Maryland State Retirement & Pension System now owns 3,315 shares of the construction company’s stock worth $860,000 after buying an additional 35 shares during the period. Finally, Abel Hall LLC grew its stake in Installed Building Products by 2.8% in the 1st quarter. Abel Hall LLC now owns 1,289 shares of the construction company’s stock valued at $342,000 after buying an additional 35 shares during the last quarter. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Key Installed Building Products News

Here are the key news stories impacting Installed Building Products this week:

  • Positive Sentiment: IBP saw multiple insider purchases on May 11, including CFO Michael Thomas Miller, COO Brad A. Wheeler, insider Jason R. Niswonger, and Director Lawrence A. Hilsheimer. Insider buying can signal management confidence that the stock is undervalued. SEC filing
  • Positive Sentiment: DA Davidson’s revised $242 price target still implies upside from recent trading levels, suggesting analysts see some recovery potential despite near-term caution. Article
  • Neutral Sentiment: Installed Building Products continues to be viewed as a stable but challenged housing/construction name, with mixed signals from recent commentary about demand and costs. Article
  • Negative Sentiment: Analyst target cuts and commentary about weak volume and cost pressure suggest earnings momentum could remain muted, which may be weighing on IBP shares. Article

Installed Building Products Company Profile

(Get Free Report)

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.

Read More