Van Berkom & Associates Inc. Sells 61,880 Shares of Installed Building Products, Inc. $IBP

Key Points

• Van Berkom & Associates cut its stake in Installed Building Products (NYSE: IBP) by 20.8%, selling 61,880 shares and leaving it with 235,393 shares worth about $61.06 million.
• Significant insider selling occurred recently: CEO Jeffrey W. Edwards sold 400,000 shares for roughly $125.6 million and a director sold 1,410 shares; insiders now own 13.8% of the stock.
• Analysts are mixed with a consensus rating of "Reduce" and a $259.70 target; the company has a $7.46 billion market cap, a P/E of 28.46, and recently paid a special $1.80 per‑share dividend (reported yield 63.0%).

Van Berkom & Associates Inc. reduced its stake in Installed Building Products, Inc. (NYSE:IBP - Free Report) by 20.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 235,393 shares of the construction company's stock after selling 61,880 shares during the quarter. Van Berkom & Associates Inc. owned 0.87% of Installed Building Products worth $61,059,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in IBP. Danske Bank A S bought a new stake in Installed Building Products in the 3rd quarter valued at $25,000. NewEdge Advisors LLC lifted 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 valued at $25,000 after acquiring an additional 100 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Installed Building Products in the 3rd quarter valued at $33,000. Northwestern Mutual Wealth Management Co. lifted its position in Installed Building Products by 700.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company's stock valued at $37,000 after acquiring an additional 133 shares in the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in Installed Building Products in the 3rd quarter valued at $42,000. 99.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Benchmark cut shares of Installed Building Products from a "buy" rating to a "hold" rating in a research report on Wednesday, February 11th. Weiss Ratings upgraded shares of Installed Building Products from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, April 22nd. Vertical Research upgraded shares of Installed Building Products from a "sell" rating to a "hold" rating and set a $326.00 price target on the stock in a research note on Friday, February 27th. Zacks Research lowered shares of Installed Building Products from a "strong-buy" rating to a "hold" rating in a research note on Friday, January 16th. Finally, Wells Fargo & Company lowered their price target on shares of Installed Building Products from $340.00 to $285.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $259.70.

Insider Activity

In other news, Director Janet E. Jackson sold 1,410 shares of the business's stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $293.31, for a total transaction of $413,567.10. Following the transaction, the director directly owned 5,373 shares in the company, valued at $1,575,954.63. The trade was a 20.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Jeffrey W. Edwards sold 400,000 shares of the business's stock in a transaction dated Tuesday, March 3rd. The stock was 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 in the company, valued at $542,638,835.14. This represents a 18.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 13.80% of the stock is owned by insiders.

Installed Building Products Stock Down 4.6%

Shares of IBP stock opened at $276.95 on Tuesday. The company has a current ratio of 3.03, a quick ratio of 2.44 and a debt-to-equity ratio of 1.20. Installed Building Products, Inc. has a 1 year low of $150.83 and a 1 year high of $349.00. The firm's fifty day moving average price is $290.49 and its two-hundred day moving average price is $282.96. The firm has a market capitalization of $7.46 billion, a P/E ratio of 28.46, a PEG ratio of 4.02 and a beta of 1.84.

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 the consensus estimate of $2.83 by $0.41. Installed Building Products had a net margin of 8.93% and a return on equity of 43.71%. The firm had revenue of $747.50 million for the quarter, compared to analyst estimates of $738.97 million. During the same period in the previous year, the business earned $2.88 EPS. The company's revenue was down .4% compared to the same quarter last year. On average, equities analysts predict that Installed Building Products, Inc. will post 10.81 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The company also recently disclosed a special dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were paid a dividend of $1.80 per share. The ex-dividend date was Friday, March 13th. This represents a dividend yield of 63.0%. Installed Building Products's payout ratio is currently 16.03%.

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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