Vanguard Group Inc. Has $657.83 Million Stake in Installed Building Products, Inc. $IBP

Key Points

• Vanguard Group trimmed its position by 1.7% to 2,536,065 shares, now owning a 9.35% stake in Installed Building Products valued at $657.83 million.
• CEO Jeffrey W. Edwards sold 400,000 shares for roughly $125.6 million (avg $314.06), reducing his ownership by about 18.8%.
• The company beat quarterly expectations (EPS $3.24 vs. $2.83 est.; revenue $747.5M) and paid a special $1.80 dividend on March 31, reported as a 63.0% yield.

Vanguard Group Inc. lowered its position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,536,065 shares of the construction company's stock after selling 44,672 shares during the period. Vanguard Group Inc. owned 9.35% of Installed Building Products worth $657,830,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Bayforest Capital Ltd increased its stake in shares of Installed Building Products by 180.0% during the third quarter. Bayforest Capital Ltd now owns 2,853 shares of the construction company's stock worth $704,000 after purchasing an additional 1,834 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Installed Building Products by 16.3% during the third quarter. Envestnet Asset Management Inc. now owns 131,850 shares of the construction company's stock worth $32,522,000 after purchasing an additional 18,487 shares during the period. Blalock Williams LLC bought a new position in Installed Building Products during the 3rd quarter worth $792,000. Watchtower Advisors LP increased its stake in Installed Building Products by 30.4% during the 3rd quarter. Watchtower Advisors LP now owns 32,277 shares of the construction company's stock worth $7,961,000 after acquiring an additional 7,534 shares during the period. Finally, SG Americas Securities LLC increased its stake in Installed Building Products by 107.3% during the 4th quarter. SG Americas Securities LLC now owns 9,227 shares of the construction company's stock worth $2,393,000 after acquiring an additional 4,777 shares during the period. Institutional investors own 99.61% of the company's stock.

Installed Building Products Stock Up 0.1%

Shares of NYSE:IBP opened at $290.48 on Monday. The stock's 50-day moving average price is $290.49 and its 200-day moving average price is $282.96. 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 capitalization of $7.82 billion, a P/E ratio of 29.85, a price-to-earnings-growth ratio of 4.02 and a beta of 1.84. 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 (NYSE:IBP - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $738.97 million. During the same period last year, the firm earned $2.88 earnings per share. The company's revenue for the quarter was down .4% compared to the same quarter last year. On average, equities analysts anticipate that Installed Building Products, Inc. will post 10.81 earnings per share for the current year.

Installed Building Products Announces Dividend

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

Insider Activity

In related news, CEO Jeffrey W. Edwards sold 400,000 shares of the firm's stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $314.06, for a total value of $125,624,000.00. Following the sale, the chief executive officer directly owned 1,727,819 shares of the company's stock, valued at $542,638,835.14. This trade represents a 18.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Janet E. Jackson sold 1,410 shares of the firm's stock in a transaction dated Monday, March 9th. The stock was 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 in the company, valued at $1,575,954.63. The trade was a 20.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 13.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on IBP. Weiss Ratings upgraded Installed Building Products from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada boosted their price objective on Installed Building Products from $203.00 to $255.00 and gave the stock an "underperform" rating in a report on Friday, February 27th. Vertical Research raised Installed Building Products from a "sell" rating to a "hold" rating and set a $326.00 price objective for the company in a report on Friday, February 27th. DA Davidson increased their target price on Installed Building Products from $252.00 to $270.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 18th. Finally, Zacks Research downgraded Installed Building Products from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 16th. One equities 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 stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $259.70.

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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