1,019 Shares in Installed Building Products, Inc. $IBP Acquired by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd has acquired 1,019 shares of Installed Building Products, valued at approximately $184,000, as per their recent SEC filing.
• The company's stock had a P/E ratio of 28.35 and a market cap of $6.97 billion, with a 52-week range between $150.83 and $280.00.
• Installed Building Products reported $2.95 EPS for the recent quarter, exceeding expectations and indicating a 3.1% increase in revenue year-over-year.

Bayforest Capital Ltd purchased a new position in Installed Building Products, Inc. (NYSE:IBP - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 1,019 shares of the construction company's stock, valued at approximately $184,000.

Other large investors also recently added to or reduced their stakes in the company. SRH Advisors LLC lifted its holdings in Installed Building Products by 70.8% in the 2nd quarter. SRH Advisors LLC now owns 205 shares of the construction company's stock worth $37,000 after purchasing an additional 85 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Installed Building Products by 74.6% in the 1st quarter. Fifth Third Bancorp now owns 227 shares of the construction company's stock worth $39,000 after purchasing an additional 97 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Installed Building Products by 36.7% in the 1st quarter. Advisors Asset Management Inc. now owns 555 shares of the construction company's stock worth $95,000 after purchasing an additional 149 shares in the last quarter. Covestor Ltd lifted its holdings in Installed Building Products by 92.1% in the 1st quarter. Covestor Ltd now owns 557 shares of the construction company's stock worth $96,000 after purchasing an additional 267 shares in the last quarter. Finally, CWM LLC lifted its holdings in Installed Building Products by 178.7% in the 1st quarter. CWM LLC now owns 588 shares of the construction company's stock worth $101,000 after purchasing an additional 377 shares in the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Installed Building Products Stock Performance

NYSE IBP opened at $254.89 on Friday. The company has a market cap of $6.97 billion, a P/E ratio of 28.35 and a beta of 1.83. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.31 and a current ratio of 2.85. The business's 50 day moving average price is $258.89 and its 200-day moving average price is $204.96. Installed Building Products, Inc. has a fifty-two week low of $150.83 and a fifty-two week high of $280.00.

Installed Building Products (NYSE:IBP - Get Free Report) last released its earnings results on Thursday, August 7th. The construction company reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.50. The firm had revenue of $760.30 million for the quarter, compared to the consensus estimate of $711.37 million. Installed Building Products had a return on equity of 60.27% and a net margin of 8.45%.The company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.84 EPS. Sell-side analysts predict that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

Installed Building Products Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $1.48 annualized dividend and a dividend yield of 0.6%. Installed Building Products's payout ratio is currently 16.46%.

Insider Buying and Selling

In other news, Director Janet E. Jackson sold 1,469 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $266.00, for a total transaction of $390,754.00. Following the transaction, the director owned 6,873 shares of the company's stock, valued at approximately $1,828,218. The trade was a 17.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Brad A. Wheeler sold 3,186 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $275.29, for a total value of $877,073.94. Following the transaction, the chief operating officer directly owned 8,736 shares in the company, valued at approximately $2,404,933.44. This represents a 26.72% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,655 shares of company stock worth $3,123,578. 16.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on IBP shares. Danske downgraded Installed Building Products from a "buy" rating to a "hold" rating and set a $252.00 price objective on the stock. in a research note on Tuesday, August 12th. Royal Bank Of Canada reaffirmed an "underperform" rating and issued a $184.00 price objective (up previously from $145.00) on shares of Installed Building Products in a research note on Thursday, August 7th. Zacks Research raised Installed Building Products from a "strong sell" rating to a "hold" rating in a research note on Thursday, August 14th. Evercore ISI set a $240.00 price objective on Installed Building Products in a research note on Tuesday, October 7th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Installed Building Products in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $220.45.

Installed Building Products Company Profile

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.

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