American Century Companies Inc. Has $18.14 Million Position in Installed Building Products, Inc. $IBP

Key Points

• American Century Companies Inc. increased its stake in Installed Building Products (IBP) by 94.4% in Q3 to 73,542 shares, valued at about $18.14 million (≈0.27% ownership).
• CEO Jeffrey W. Edwards sold 400,000 shares on March 3 at an average $314.06 for roughly $125.6 million, reducing his position by 18.8%; company insiders now own 16.2% of the stock.
• Installed Building Products beat quarterly estimates with $3.24 EPS (vs. $2.83 expected) and $747.5M revenue, and declared a $1.80 special dividend payable March 31 (ex-dividend March 13), a reported yield of 56.0%.

American Century Companies Inc. grew its holdings in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 94.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 73,542 shares of the construction company's stock after buying an additional 35,703 shares during the quarter. American Century Companies Inc. owned approximately 0.27% of Installed Building Products worth $18,140,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Rafferty Asset Management LLC raised its stake in shares of Installed Building Products by 86.2% in the third quarter. Rafferty Asset Management LLC now owns 34,437 shares of the construction company's stock worth $8,494,000 after acquiring an additional 15,946 shares during the last quarter. Quantbot Technologies LP bought a new position in Installed Building Products in the 3rd quarter worth approximately $2,848,000. Aster Capital Management DIFC Ltd acquired a new position in Installed Building Products during the 3rd quarter worth $33,000. Erste Asset Management GmbH lifted its holdings in Installed Building Products by 3.3% during the 3rd quarter. Erste Asset Management GmbH now owns 51,021 shares of the construction company's stock worth $12,727,000 after buying an additional 1,628 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its position in Installed Building Products by 47.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 9,365 shares of the construction company's stock valued at $2,310,000 after buying an additional 3,000 shares during the last quarter. 99.61% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Jeffrey W. Edwards sold 400,000 shares of the firm's stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $314.06, for a total transaction of $125,624,000.00. Following the sale, the chief executive officer owned 1,727,819 shares of the company's stock, valued at approximately $542,638,835.14. This trade represents a 18.80% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 16.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Weiss Ratings raised Installed Building Products from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday, February 9th. Zacks Research cut Installed Building Products from a "strong-buy" rating to a "hold" rating in a report on Friday, January 16th. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $245.00 price objective on shares of Installed Building Products in a research report on Tuesday, January 13th. Vertical Research upgraded shares of Installed Building Products from a "sell" rating to a "hold" rating and set a $326.00 target price on the stock in a research report on Friday, February 27th. Finally, Jefferies Financial Group raised their target price on shares of Installed Building Products from $230.00 to $259.00 and gave the company a "hold" rating in a research note on Monday, December 15th. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Reduce" and an average target price of $256.09.

Installed Building Products Price Performance

Installed Building Products stock opened at $291.22 on Wednesday. The company has a current ratio of 3.03, a quick ratio of 2.44 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $7.86 billion, a P/E ratio of 29.93, a PEG ratio of 4.21 and a beta of 1.90. The business has a 50-day moving average of $307.22 and a 200-day moving average of $276.62. Installed Building Products, Inc. has a 1 year low of $150.83 and a 1 year high of $349.00.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The construction company reported $3.24 EPS for the quarter, beating analysts' consensus estimates of $2.83 by $0.41. Installed Building Products had a return on equity of 43.71% and a net margin of 8.93%.The company had revenue of $747.50 million during the quarter, compared to analysts' expectations of $738.97 million. During the same period in the prior year, the business posted $2.88 EPS. Installed Building Products's revenue was down .4% on a year-over-year basis. On average, equities analysts anticipate that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Announces Dividend

The company also recently declared a special dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $1.80 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a dividend yield of 56.0%. Installed Building Products's payout ratio is 15.21%.

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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