3,000 Shares in Installed Building Products, Inc. $IBP Acquired by Graham Capital Management L.P.

Key Points

• Graham Capital Management L.P. acquired a new position in Installed Building Products, Inc., purchasing 3,000 shares valued at approximately $514,000 during the first quarter.
• Insider William Jeffrey Hire sold 6,500 shares of company stock, reducing his ownership by 14.61%, while the company has also recently announced a $0.37 quarterly dividend for shareholders.
• The stock of Installed Building Products is currently rated as a "Hold" by most analysts, with a consensus price target of $217.36.

Graham Capital Management L.P. acquired a new stake in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,000 shares of the construction company's stock, valued at approximately $514,000.

A number of other institutional investors and hedge funds have also bought and sold shares of IBP. UMB Bank n.a. increased its stake in Installed Building Products by 142.1% during the 1st quarter. UMB Bank n.a. now owns 184 shares of the construction company's stock valued at $32,000 after purchasing an additional 108 shares in the last quarter. Fifth Third Bancorp increased its stake in Installed Building Products by 74.6% during the 1st quarter. Fifth Third Bancorp now owns 227 shares of the construction company's stock valued at $39,000 after purchasing an additional 97 shares in the last quarter. McIlrath & Eck LLC increased its stake in Installed Building Products by 32.3% during the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock valued at $44,000 after purchasing an additional 61 shares in the last quarter. Mpwm Advisory Solutions LLC bought a new stake in Installed Building Products during the 4th quarter valued at about $90,000. Finally, Covestor Ltd increased its stake in Installed Building Products by 92.1% during the 1st quarter. Covestor Ltd now owns 557 shares of the construction company's stock valued at $96,000 after purchasing an additional 267 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors.

Installed Building Products Stock Performance

Shares of NYSE IBP traded down $4.14 during trading on Friday, reaching $268.07. 359,995 shares of the company traded hands, compared to its average volume of 439,854. The firm has a 50 day simple moving average of $236.13 and a 200-day simple moving average of $192.13. The company has a quick ratio of 2.31, a current ratio of 2.85 and a debt-to-equity ratio of 1.27. The stock has a market capitalization of $7.33 billion, a PE ratio of 29.82 and a beta of 1.76. Installed Building Products, Inc. has a 52-week low of $150.83 and a 52-week high of $280.00.

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

Installed Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.6%. Installed Building Products's dividend payout ratio (DPR) is presently 16.46%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IBP. Royal Bank Of Canada restated an "underperform" rating and set a $184.00 price objective (up from $145.00) on shares of Installed Building Products in a research note on Thursday, August 7th. Danske lowered shares of Installed Building Products from a "buy" rating to a "hold" rating and set a $252.00 price objective for the company. in a research note on Tuesday, August 12th. Jefferies Financial Group raised their price target on shares of Installed Building Products from $175.00 to $225.00 and gave the company a "hold" rating in a report on Tuesday, August 12th. Zacks Research raised shares of Installed Building Products from a "strong sell" rating to a "hold" rating in a report on Thursday, August 14th. Finally, Zelman & Associates raised shares of Installed Building Products from an "underperform" rating to a "neutral" rating in a report on Friday, August 8th. Two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $217.36.

Insider Buying and Selling at Installed Building Products

In related news, Director Janet E. Jackson sold 1,469 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $266.00, for a total value of $390,754.00. Following the transaction, the director owned 6,873 shares of the company's stock, valued at approximately $1,828,218. This trade represents a 17.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Brad A. Wheeler sold 3,186 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $275.29, for a total transaction of $877,073.94. Following the completion of the transaction, the chief operating officer directly owned 8,736 shares in the company, valued at approximately $2,404,933.44. The trade was a 26.72% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,655 shares of company stock worth $3,123,578. 16.20% of the stock is owned by corporate insiders.

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.