BlackRock Inc. purchased a new position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,590,297 shares of the construction company's stock, valued at approximately $1,055,034,000. BlackRock Inc. owned about 17.04% of Installed Building Products as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Danske Bank A S purchased a new stake in Installed Building Products in the 3rd quarter valued at approximately $25,000. NewEdge Advisors LLC boosted its stake in shares of Installed Building Products by 5,000.0% during the third quarter. NewEdge Advisors LLC now owns 102 shares of the construction company's stock valued at $25,000 after acquiring an additional 100 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Installed Building Products during the first quarter valued at $30,000. Northwestern Mutual Wealth Management Co. increased its position in Installed Building Products by 700.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company's stock worth $37,000 after purchasing an additional 133 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake 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 purchasing an additional 134 shares during the last quarter. 99.61% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other Installed Building Products news, CFO Michael Thomas Miller purchased 990 shares of the business's stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average price of $200.62 per share, for a total transaction of $198,613.80. Following the completion of 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 13.80% of the company's stock.
Installed Building Products Stock Performance
Shares of NYSE:IBP opened at $246.88 on Friday. The business's 50-day simple moving average is $229.30 and its 200 day simple moving average is $257.12. The company has a market cap of $6.56 billion, a P/E ratio of 26.57, a PEG ratio of 4.59 and a beta of 1.70. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.41 and a current ratio of 2.98. 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 issued its quarterly earnings data 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. The company 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%. Installed Building Products's revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the company earned $2.95 earnings per share. On average, sell-side analysts forecast 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. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.39 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.6%. Installed Building Products's dividend payout ratio (DPR) is currently 16.79%.
Analyst Upgrades and Downgrades
IBP has been the topic of several analyst reports. Zacks Research raised shares of Installed Building Products from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Weiss Ratings reissued a "hold (c)" rating on shares of Installed Building Products in a research report on Tuesday. Evercore set a $246.00 price objective on shares of Installed Building Products in a research note on Friday, August 7th. The Goldman Sachs Group decreased their target price on shares of Installed Building Products from $331.00 to $285.00 and set a "buy" rating on the stock in a research report on Friday, May 8th. Finally, Wells Fargo & Company lowered their target price on shares of Installed Building Products from $285.00 to $250.00 and set an "equal weight" rating for the company in a research note on Friday, May 8th. 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $249.30.
View Our Latest Stock Analysis on IBP
About Installed Building Products
(
Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Installed Building Products, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Installed Building Products wasn't on the list.
While Installed Building Products currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we’ll send you MarketBeat’s list of ten stocks set to soar in Summer 2026, despite the threat of tariffs and what's happening in Iran. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
