5,109 Shares in Installed Building Products, Inc. $IBP Bought by Corient Private Wealth LP

Corient Private Wealth LP acquired a new position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,109 shares of the construction company's stock, valued at approximately $1,174,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bamco Inc. NY acquired a new position in Installed Building Products during the second quarter valued at approximately $45,580,000. Bank of America Corp DE acquired a new position in shares of Installed Building Products during the 2nd quarter worth approximately $62,418,000. Windsor Advisory Group LLC bought a new stake in shares of Installed Building Products during the 2nd quarter worth approximately $1,143,000. Man Group plc bought a new stake in shares of Installed Building Products during the 2nd quarter worth approximately $3,135,000. Finally, Jupiter Topco LLC acquired a new stake in shares of Installed Building Products in the 2nd quarter valued at approximately $2,433,000. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Installed Building Products

In other Installed Building Products news, CFO Michael Miller bought 990 shares of the firm's stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of $200.62 per share, for a total transaction of $198,613.80. Following the completion of the transaction, the chief financial officer directly owned 34,209 shares in the company, valued at approximately $6,863,009.58. The trade was a 2.98% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 13.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on IBP shares. JPMorgan Chase & Co. decreased their price objective on shares of Installed Building Products from $284.00 to $195.00 and set an "underweight" rating for the company in a research report on Wednesday, May 13th. Evercore set a $246.00 target price on shares of Installed Building Products in a report on Friday, August 7th. Royal Bank Of Canada set a $242.00 target price on shares of Installed Building Products in a research note on Monday, May 11th. Zacks Research upgraded Installed Building Products from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Installed Building Products in a research note on Tuesday, August 18th. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Installed Building Products has a consensus rating of "Hold" and an average price target of $249.30.

Installed Building Products Stock Up 0.7%

NYSE IBP opened at $239.33 on Friday. The company has a market cap of $6.36 billion, a price-to-earnings ratio of 25.76, a PEG ratio of 4.46 and a beta of 1.71. Installed Building Products, Inc. has a 1-year low of $193.11 and a 1-year high of $349.00. The company has a current ratio of 2.98, a quick ratio of 2.41 and a debt-to-equity ratio of 1.62. The company has a 50 day moving average of $234.01 and a 200-day moving average of $251.37.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The construction company reported $2.91 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $777.80 million during the quarter, compared to analysts' expectations of $743.33 million. During the same period in the previous year, the firm earned $2.95 EPS. The company's quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts expect that Installed Building Products, Inc. will post 9.82 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Installed Building Products's dividend payout ratio (DPR) is currently 16.79%.

Installed Building Products 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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