Installed Building Products, Inc. $IBP Shares Purchased by Vaughan Nelson Investment Management L.P.

Key Points

• Vaughan Nelson Investment Management L.P. increased its stake in Installed Building Products by 7.6% in Q4 to 128,911 shares, worth about $33.44 million (roughly 0.48% of the company).
• CEO Jeffrey W. Edwards sold 400,000 shares at an average price of $314.06 for approximately $125.624 million, reducing his holding by 18.8%; insiders collectively own 16.20% of the stock.
• The company announced a $1.80 special dividend payable March 31 (record date March 13), representing an implied yield of about 63.0%.

Vaughan Nelson Investment Management L.P. grew its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 128,911 shares of the construction company's stock after acquiring an additional 9,080 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.48% of Installed Building Products worth $33,438,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Danske Bank A S bought a new stake in Installed Building Products in the 3rd quarter valued at about $25,000. NewEdge Advisors LLC grew its position in Installed Building Products by 5,000.0% in the 3rd quarter. NewEdge Advisors LLC now owns 102 shares of the construction company's stock worth $25,000 after purchasing an additional 100 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Installed Building Products in the third quarter valued at approximately $33,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Installed Building Products by 700.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company's stock valued at $37,000 after purchasing an additional 133 shares during the period. Finally, Salomon & Ludwin LLC bought a new stake in shares of Installed Building Products during the third quarter valued at approximately $42,000. Institutional investors own 99.61% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on IBP. JPMorgan Chase & Co. reissued an "underweight" rating and issued a $245.00 price objective on shares of Installed Building Products in a report on Tuesday, January 13th. Weiss Ratings downgraded Installed Building Products from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, March 20th. Zacks Research lowered Installed Building Products from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 16th. DA Davidson raised their price target on Installed Building Products from $252.00 to $270.00 and gave the company a "neutral" rating in a report on Wednesday, March 18th. Finally, Royal Bank Of Canada lifted their price objective on shares of Installed Building Products from $203.00 to $255.00 and gave the company an "underperform" rating in a research note on Friday, February 27th. Eleven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $257.73.

Insider Transactions at Installed Building Products

In other Installed Building Products news, Director Janet E. Jackson sold 1,410 shares of the company's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $293.31, for a total value of $413,567.10. Following the completion of the sale, the director directly owned 5,373 shares of the company's stock, valued at approximately $1,575,954.63. This represents a 20.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey W. Edwards sold 400,000 shares of the firm's stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $314.06, for a total transaction of $125,624,000.00. Following the transaction, the chief executive officer owned 1,727,819 shares of the company's stock, valued at approximately $542,638,835.14. This trade represents a 18.80% decrease in their position. The disclosure for this sale is available in the SEC filing. 16.20% of the stock is owned by insiders.

Installed Building Products Price Performance

Shares of NYSE:IBP opened at $257.47 on Tuesday. Installed Building Products, Inc. has a 12 month low of $150.83 and a 12 month high of $349.00. The stock has a market cap of $6.95 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 3.69 and a beta of 1.90. The stock's 50 day moving average price is $303.13 and its 200 day moving average price is $277.00. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.03 and a quick ratio of 2.44.

Installed Building Products (NYSE:IBP - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The construction company reported $3.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.83 by $0.41. Installed Building Products had a return on equity of 43.71% and a net margin of 8.93%.The firm had revenue of $747.50 million during the quarter, compared to analyst estimates of $738.97 million. During the same period last year, the company posted $2.88 EPS. The firm's quarterly revenue was down .4% on a year-over-year basis. Equities research analysts anticipate that Installed Building Products, Inc. will post 10.66 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

The company also recently announced a special dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $1.80 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a yield of 63.0%. Installed Building Products's dividend payout ratio (DPR) is currently 16.03%.

About Installed Building Products

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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