11,107 Shares in Installed Building Products, Inc. $IBP Bought by B. Metzler seel. Sohn & Co. AG

Key Points

• B. Metzler seel. Sohn & Co. AG bought 11,107 shares of Installed Building Products worth approximately $2.55 million, while institutional investors collectively own 99.61% of the company.
• Installed Building Products exceeded quarterly expectations, reporting $2.91 in EPS and $777.8 million in revenue, with revenue up 2.3% year over year.
• The company declared a quarterly dividend of $0.39 per share, while analysts maintain a consensus “Hold” rating with an average price target of $249.30.

B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 11,107 shares of the construction company's stock, valued at approximately $2,553,000.

Several other institutional investors have also added to or reduced their stakes in the company. NewEdge Wealth LLC purchased a new stake in shares of Installed Building Products during the second quarter worth about $2,929,000. First National Bank of Omaha bought a new stake in shares of Installed Building Products in the second quarter worth about $1,303,000. BlackRock Inc. purchased a new position in Installed Building Products during the 2nd quarter valued at about $1,055,034,000. Deutsche Bank AG purchased a new position in Installed Building Products during the 2nd quarter valued at about $19,341,000. Finally, OneDigital Investment Advisors LLC bought a new position in Installed Building Products during the 2nd quarter valued at approximately $886,000. Hedge funds and other institutional investors own 99.61% of the company's stock.

Insider Buying and Selling

In other news, CFO Michael Thomas Miller acquired 990 shares of Installed Building Products stock in a transaction on Thursday, June 11th. The stock was acquired at an average cost of $200.62 per share, for a total transaction of $198,613.80. Following the purchase, the chief financial officer owned 34,209 shares in the company, valued at $6,863,009.58. This trade represents a 2.98% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 13.80% of the company's stock.

Installed Building Products Stock Performance

Shares of IBP opened at $246.88 on Friday. The company has a quick ratio of 2.41, a current ratio of 2.98 and a debt-to-equity ratio of 1.62. The stock has a market cap of $6.56 billion, a P/E ratio of 26.57, a P/E/G ratio of 4.63 and a beta of 1.70. The business's 50 day moving average price is $229.30 and its 200-day moving average price is $257.12. Installed Building Products, Inc. has a 52 week low of $193.11 and a 52 week high of $349.00.

Installed Building Products (NYSE:IBP - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The construction company reported $2.91 earnings per share for the quarter, beating analysts' consensus estimates of $2.55 by $0.36. Installed Building Products had a return on equity of 42.12% and a net margin of 8.46%.The company had revenue of $777.80 million during the quarter, compared to analyst estimates of $743.33 million. During the same quarter last year, the company earned $2.95 EPS. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. Equities research analysts anticipate that Installed Building Products, Inc. will post 9.82 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Installed Building Products's dividend payout ratio is 16.79%.

Analysts Set New Price Targets

Several research firms have weighed in on IBP. DA Davidson increased their price objective on Installed Building Products from $242.00 to $250.00 and gave the stock a "neutral" rating in a report on Monday, August 10th. Truist Financial decreased their target price on Installed Building Products from $250.00 to $200.00 and set a "hold" rating for the company in a report on Friday, May 8th. Zacks Research raised Installed Building Products from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Evercore set a $246.00 price target on shares of Installed Building Products in a report on Friday, August 7th. Finally, Royal Bank Of Canada set a $242.00 price objective on shares of Installed Building Products in a research report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Installed Building Products currently has a consensus rating of "Hold" and an average price target of $249.30.

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.

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