Trinity Financial Advisors LLC Takes $1.24 Million Position in Installed Building Products, Inc. $IBP

Key Points

• Trinity Financial Advisors LLC has acquired a new position in Installed Building Products, Inc. during the 2nd quarter, purchasing 6,900 shares valued at approximately $1.24 million.
• Installed Building Products reported earnings per share (EPS) of $2.95 for the latest quarter, exceeding estimates and marking a 3.1% increase in revenue compared to last year.
• The company has a dividend payout ratio of 16.46%, recently declaring a quarterly dividend of $0.37 to be paid on September 30th.

Trinity Financial Advisors LLC acquired a new stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 6,900 shares of the construction company's stock, valued at approximately $1,244,000.

Several other large investors also recently modified their holdings of IBP. Cetera Investment Advisers grew its stake in shares of Installed Building Products by 9.0% in the 4th quarter. Cetera Investment Advisers now owns 5,341 shares of the construction company's stock valued at $936,000 after purchasing an additional 441 shares during the period. Gotham Asset Management LLC bought a new stake in shares of Installed Building Products in the 4th quarter valued at approximately $263,000. Janus Henderson Group PLC grew its stake in shares of Installed Building Products by 5.4% in the 4th quarter. Janus Henderson Group PLC now owns 15,351 shares of the construction company's stock valued at $2,691,000 after purchasing an additional 780 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Installed Building Products by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,644 shares of the construction company's stock worth $2,391,000 after acquiring an additional 535 shares in the last quarter. Finally, Man Group plc boosted its holdings in shares of Installed Building Products by 1,724.5% in the 4th quarter. Man Group plc now owns 68,019 shares of the construction company's stock worth $11,920,000 after acquiring an additional 64,291 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors.

Installed Building Products Stock Down 1.5%

NYSE:IBP opened at $268.07 on Friday. The stock's fifty day moving average price is $236.13 and its two-hundred day moving average price is $192.27. Installed Building Products, Inc. has a 52-week low of $150.83 and a 52-week 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. The company has a market cap of $7.33 billion, a price-to-earnings ratio of 29.82 and a beta of 1.76.

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 the consensus estimate of $2.45 by $0.50. Installed Building Products had a return on equity of 60.27% and a net margin of 8.45%.The firm had revenue of $760.30 million for the quarter, compared to the consensus estimate of $711.37 million. During the same quarter in the prior year, the business earned $2.84 EPS. The business's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, analysts anticipate that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid 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 is 16.46%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other news, CAO Todd R. Fry sold 500 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $257.27, for a total value of $128,635.00. Following the transaction, the chief accounting officer owned 6,822 shares of the company's stock, valued at $1,755,095.94. This represents a 6.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Janet E. Jackson sold 1,469 shares of the stock in a transaction 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 completion of the transaction, the director directly owned 6,873 shares in the company, valued at approximately $1,828,218. This trade represents a 17.61% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,655 shares of company stock worth $3,123,578. Company insiders own 16.20% of the company's stock.

About Installed Building Products

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.

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