Capital Research Global Investors Lowers Position in Installed Building Products, Inc. $IBP

Key Points

• Capital Research Global Investors trimmed its stake in Installed Building Products by 10.4% in Q3, leaving it with 178,631 shares worth about $44.06 million (≈0.66% of the company).
• CEO Jeffrey W. Edwards sold 400,000 shares at an average of $314.06 for roughly $125.6 million, cutting his ownership by 18.8%; a director also sold 1,410 shares.
• Installed Building Products beat Q results (EPS $3.24 vs. $2.83 expected; revenue $747.5M) and announced a special dividend of $1.80 payable March 31 (record date March 13), while analysts’ consensus rating is a "Reduce" with a $256.09 target.

Capital Research Global Investors trimmed its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 10.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 178,631 shares of the construction company's stock after selling 20,723 shares during the quarter. Capital Research Global Investors owned approximately 0.66% of Installed Building Products worth $44,061,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Eminence Capital LP lifted its stake in shares of Installed Building Products by 48.5% in the 2nd quarter. Eminence Capital LP now owns 945,101 shares of the construction company's stock valued at $170,421,000 after purchasing an additional 308,717 shares during the period. Timucuan Asset Management Inc. FL lifted its position in Installed Building Products by 73.2% during the second quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company's stock valued at $156,261,000 after buying an additional 366,250 shares during the period. Giverny Capital Inc. boosted its holdings in shares of Installed Building Products by 1.3% during the 2nd quarter. Giverny Capital Inc. now owns 514,459 shares of the construction company's stock valued at $92,767,000 after buying an additional 6,386 shares in the last quarter. Bamco Inc. NY grew its position in shares of Installed Building Products by 8.5% in the 2nd quarter. Bamco Inc. NY now owns 481,039 shares of the construction company's stock worth $86,741,000 after buying an additional 37,595 shares during the period. Finally, First Trust Advisors LP grew its position in shares of Installed Building Products by 2.4% in the 3rd quarter. First Trust Advisors LP now owns 399,510 shares of the construction company's stock worth $98,543,000 after buying an additional 9,489 shares during the period. Institutional investors own 99.61% of the company's stock.

Insider Buying and Selling at Installed Building Products

In other news, Director Janet E. Jackson sold 1,410 shares of the business's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $293.31, for a total value of $413,567.10. Following the completion of the transaction, the director owned 5,373 shares in the company, valued at $1,575,954.63. The trade was a 20.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Jeffrey W. Edwards sold 400,000 shares of the company's stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $314.06, for a total value of $125,624,000.00. Following the transaction, the chief executive officer directly owned 1,727,819 shares in the company, valued at approximately $542,638,835.14. The trade was a 18.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 16.20% of the company's stock.

Installed Building Products Stock Down 3.2%

Shares of Installed Building Products stock opened at $272.35 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.44 and a current ratio of 3.03. The stock has a market capitalization of $7.35 billion, a PE ratio of 27.99, a price-to-earnings-growth ratio of 3.95 and a beta of 1.90. Installed Building Products, Inc. has a 52-week low of $150.83 and a 52-week high of $349.00. The company has a 50-day simple moving average of $307.94 and a two-hundred day simple moving average of $276.62.

Installed Building Products (NYSE:IBP - Get Free Report) last posted 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. The firm had revenue of $747.50 million for the quarter, compared to analysts' expectations of $738.97 million. Installed Building Products had a net margin of 8.93% and a return on equity of 43.71%. The business's revenue for the quarter was down .4% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.88 earnings per share. On average, analysts anticipate that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a $1.80 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a yield of 66.0%. Installed Building Products's dividend payout ratio is 15.21%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on IBP shares. Zacks Research cut shares of Installed Building Products from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 16th. Benchmark cut shares of Installed Building Products from a "buy" rating to a "hold" rating in a report on Wednesday, February 11th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $245.00 target price on shares of Installed Building Products in a research note on Tuesday, January 13th. Wall Street Zen lowered shares of Installed Building Products from a "buy" rating to a "hold" rating in a report on Tuesday, February 3rd. Finally, Weiss Ratings raised Installed Building Products from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Monday, February 9th. One research analyst has rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Reduce" and a consensus price target of $256.09.

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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