Bank of America Corp DE Buys 101,967 Shares of Installed Building Products, Inc. $IBP

Key Points

• Bank of America increased its Installed Building Products stake by 51.8%, purchasing 101,967 shares to hold 298,729 shares worth approximately $79.2 million. Institutional investors collectively own 99.61% of the company.
• Installed Building Products reported quarterly revenue of $777.8 million and EPS of $2.91, exceeding analyst estimates, although EPS declined from $2.95 a year earlier amid weaker residential demand.
• Analysts maintain a consensus “Hold” rating with an average price target of $248.82, while the company declared a quarterly dividend of $0.39 per share, representing an annualized yield of about 0.6%.

Bank of America Corp DE raised its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 51.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 298,729 shares of the construction company's stock after buying an additional 101,967 shares during the quarter. Bank of America Corp DE owned about 1.11% of Installed Building Products worth $79,208,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Janus Henderson Group PLC raised its holdings in Installed Building Products by 9.6% in the first quarter. Janus Henderson Group PLC now owns 48,174 shares of the construction company's stock worth $12,779,000 after buying an additional 4,230 shares during the last quarter. Amundi boosted its position in shares of Installed Building Products by 23.3% during the first quarter. Amundi now owns 4,737 shares of the construction company's stock valued at $1,256,000 after buying an additional 894 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of Installed Building Products by 21.9% during the first quarter. California State Teachers Retirement System now owns 26,957 shares of the construction company's stock valued at $7,148,000 after buying an additional 4,843 shares during the last quarter. Quantinno Capital Management LP increased its holdings in Installed Building Products by 28.7% in the 1st quarter. Quantinno Capital Management LP now owns 3,892 shares of the construction company's stock worth $1,032,000 after buying an additional 869 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in Installed Building Products by 5.0% in the 1st quarter. Lazard Asset Management LLC now owns 1,070 shares of the construction company's stock worth $284,000 after buying an additional 51 shares in the last quarter. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IBP has been the subject of a number of recent analyst reports. Wells Fargo & Company decreased their target price on Installed Building Products from $285.00 to $250.00 and set an "equal weight" rating for the company in a research report on Friday, May 8th. Zacks Research upgraded shares of 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 objective on shares of Installed Building Products in a report on Friday. The Goldman Sachs Group decreased their price objective on shares of Installed Building Products from $331.00 to $285.00 and set a "buy" rating for the company in a report on Friday, May 8th. Finally, Stephens lowered their price objective on shares of 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. One analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $248.82.

Installed Building Products Price Performance

Shares of NYSE:IBP opened at $244.65 on Monday. The firm's 50 day moving average price is $221.01 and its 200-day moving average price is $260.59. Installed Building Products, Inc. has a twelve month low of $193.11 and a twelve month high of $349.00. 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 capitalization of $6.59 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 5.85 and a beta of 1.70.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its earnings results on Thursday, August 6th. The construction company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.36. Installed Building Products had a net margin of 8.46% and a return on equity of 42.12%. The company had revenue of $777.80 million during the quarter, compared to analyst estimates of $743.33 million. During the same period in the previous year, the business posted $2.95 earnings per share. The firm's quarterly revenue was up 2.3% compared to the same quarter last year. Equities research analysts expect that Installed Building Products, Inc. will post 9.57 EPS for the current year.

Installed Building Products Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Installed Building Products's dividend payout ratio (DPR) is currently 16.79%.

Key Installed Building Products News

Here are the key news stories impacting Installed Building Products this week:

• Positive Sentiment: IBP reported record second-quarter revenue of $777.8 million, up 2.3% year over year and ahead of the approximately $743 million consensus estimate. Adjusted earnings of $2.91 per share exceeded estimates ranging from $2.55 to $2.57, providing the primary positive catalyst. Installed Building Products Reports Second Quarter 2026 Results
• Positive Sentiment: Commercial construction strength and recent acquisitions helped drive growth, offsetting weaker residential demand. Management’s focus on acquisitions and market-share gains suggests additional revenue opportunities despite mixed building activity. IBP Q2 deep dive: Commercial strength and M&A drive growth amid residential headwinds
• Positive Sentiment: The company declared a quarterly cash dividend of $0.39 per share, payable September 30 to shareholders of record September 15. The dividend reinforces shareholder returns, though its annualized yield is modest at about 0.6%. Dividend announcement
• Neutral Sentiment: Installation revenue declined 0.7% to $710.7 million, indicating that reported growth depended partly on acquisitions and stronger complementary-product activity. Investors will likely focus on organic growth and integration execution. Installed Building Products 2026 Q2 Results Presentation
• Negative Sentiment: Quarterly EPS declined from $2.95 a year earlier to $2.91, while residential-market headwinds continue to weigh on demand. This limits the strength of the headline earnings beat and could pressure future growth if housing activity remains soft. IBP Q2 Earnings and Revenues Surpass Estimates

Insider Activity at Installed Building Products

In related news, CFO Michael Thomas Miller acquired 990 shares of the business's stock in a transaction that occurred on Thursday, June 11th. The stock was bought 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. The trade was a 2.98% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 13.80% of the stock is owned by company insiders.

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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