Installed Building Products, Inc. $IBP Shares Sold by Cooper Investors PTY Ltd.

Key Points

• Cooper Investors PTY Ltd. reduced its stake in Installed Building Products, Inc. (IBP) by 22.3%, owning approximately $3.51 million worth of shares after selling 5,570 shares in the second quarter.
• Installed Building Products announced a quarterly dividend of $0.37 per share, with a payout ratio of 16.46% and an annualized yield of 0.6%.
• Analysts have mixed ratings on IBP, with a consensus rating of Hold and an average price target of $217.36, while the stock recently traded around $264.10.

Cooper Investors PTY Ltd. lessened its holdings in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 22.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,461 shares of the construction company's stock after selling 5,570 shares during the quarter. Cooper Investors PTY Ltd. owned approximately 0.07% of Installed Building Products worth $3,509,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Radnor Capital Management LLC increased its holdings in Installed Building Products by 19.4% in the second quarter. Radnor Capital Management LLC now owns 8,478 shares of the construction company's stock valued at $1,529,000 after buying an additional 1,375 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in Installed Building Products by 1,897.8% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 177,800 shares of the construction company's stock valued at $32,061,000 after buying an additional 168,900 shares during the last quarter. Gallacher Capital Management LLC increased its holdings in Installed Building Products by 8.7% in the second quarter. Gallacher Capital Management LLC now owns 1,604 shares of the construction company's stock valued at $289,000 after buying an additional 128 shares during the last quarter. Trinity Financial Advisors LLC purchased a new position in Installed Building Products in the second quarter valued at $1,244,000. Finally, Swedbank AB increased its holdings in Installed Building Products by 8.5% in the first quarter. Swedbank AB now owns 358,000 shares of the construction company's stock valued at $61,383,000 after buying an additional 28,000 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company's stock.

Insider Buying and Selling at Installed Building Products

In other news, insider William Jeffrey Hire sold 6,500 shares of the stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $265.71, for a total transaction of $1,727,115.00. Following the completion of the sale, the insider owned 37,999 shares in the company, valued at approximately $10,096,714.29. This represents a 14.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Brad A. Wheeler sold 3,186 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $275.29, for a total transaction of $877,073.94. Following the sale, the chief operating officer owned 8,736 shares of the company's stock, valued at $2,404,933.44. This trade represents a 26.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,655 shares of company stock worth $3,123,578 over the last three months. 16.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Royal Bank Of Canada reissued an "underperform" rating and issued a $184.00 target price (up previously from $145.00) on shares of Installed Building Products in a report on Thursday, August 7th. Zelman & Associates raised Installed Building Products from an "underperform" rating to a "neutral" rating in a report on Friday, August 8th. Jefferies Financial Group raised their price objective on Installed Building Products from $175.00 to $225.00 and gave the stock a "hold" rating in a report on Tuesday, August 12th. Zacks Research raised Installed Building Products from a "strong sell" rating to a "hold" rating in a report on Thursday, August 14th. Finally, Loop Capital lowered Installed Building Products from a "buy" rating to a "hold" rating and set a $255.00 price objective on the stock. in a report on Friday, August 8th. Two investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $217.36.

Installed Building Products Stock Performance

Shares of IBP stock traded down $4.71 during mid-day trading on Friday, hitting $259.00. 739,177 shares of the stock were exchanged, compared to its average volume of 445,499. The stock's fifty day simple moving average is $242.50 and its two-hundred day simple moving average is $195.48. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 28.81 and a beta of 1.76. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month high of $280.00. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.31 and a current ratio of 2.85.

Installed Building Products (NYSE:IBP - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The construction company reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.50. The company had revenue of $760.30 million for the quarter, compared to analyst estimates of $711.37 million. Installed Building Products had a return on equity of 60.27% and a net margin of 8.45%.The business's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $2.84 earnings per share. On average, analysts forecast that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a dividend of $0.37 per share. The ex-dividend date is Monday, September 15th. This represents a $1.48 annualized dividend and a dividend yield of 0.6%. Installed Building Products's dividend payout ratio is 16.46%.

Installed Building Products Profile

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.