5,667 Shares in Installed Building Products, Inc. $IBP Bought by First National Bank of Omaha

Key Points

• First National Bank of Omaha acquired 5,667 shares of Installed Building Products valued at approximately $1.3 million, while institutional investors collectively own 99.61% of the company.
• Analysts maintain a consensus “Hold” rating on IBP, with a consensus price target of $249.30; one analyst rates it Buy, ten Hold, and one Sell.
• Installed Building Products exceeded quarterly earnings and revenue estimates, reporting $2.91 in EPS and $777.8 million in revenue. The company also declared a quarterly dividend of $0.39 per share, representing a 0.6% annual yield.

First National Bank of Omaha bought a new stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,667 shares of the construction company's stock, valued at approximately $1,303,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IBP. Danske Bank A S bought a new stake in shares of Installed Building Products during the 3rd quarter worth approximately $25,000. NewEdge Advisors LLC lifted its holdings in Installed Building Products by 5,000.0% during the 3rd quarter. NewEdge Advisors LLC now owns 102 shares of the construction company's stock valued at $25,000 after buying an additional 100 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Installed Building Products during the 1st quarter valued at about $30,000. Northwestern Mutual Wealth Management Co. boosted its position in Installed Building Products by 700.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company's stock valued at $37,000 after buying an additional 133 shares during the period. Finally, Parallel Advisors LLC boosted its position in Installed Building Products by 446.7% in the 1st quarter. Parallel Advisors LLC now owns 164 shares of the construction company's stock valued at $44,000 after buying an additional 134 shares during the period. 99.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

IBP has been the topic of a number of research reports. Zacks Research raised shares of Installed Building Products from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Evercore set a $246.00 price objective on Installed Building Products in a research note on Friday, August 7th. Royal Bank Of Canada set a $242.00 target price on Installed Building Products in a research report on Monday, May 11th. Stephens dropped their price target on Installed Building Products from $300.00 to $240.00 and set an "equal weight" rating on the stock in a research report on Friday, May 8th. Finally, Weiss Ratings downgraded Installed Building Products from a "hold (c+)" rating to a "hold (c)" rating in a report on Thursday, May 21st. One investment 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. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $249.30.

Insider Transactions at Installed Building Products

In other Installed Building Products news, CFO Michael Thomas Miller acquired 990 shares of the firm's 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 approximately $6,863,009.58. The trade was a 2.98% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 13.80% of the company's stock.

Installed Building Products Trading Up 4.7%

Installed Building Products stock opened at $249.91 on Thursday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.41 and a current ratio of 2.98. The stock has a market cap of $6.64 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 4.50 and a beta of 1.70. The stock has a 50-day moving average of $227.76 and a two-hundred day moving average of $257.51. Installed Building Products, Inc. has a one year low of $193.11 and a one year 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 EPS for the quarter, topping the consensus estimate of $2.55 by $0.36. The business had revenue of $777.80 million during the quarter, compared to the consensus estimate of $743.33 million. Installed Building Products had a net margin of 8.46% and a return on equity of 42.12%. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.95 earnings per share. On average, research analysts anticipate that Installed Building Products, Inc. will post 9.78 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

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

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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