Windsor Advisory Group LLC Acquires Shares of 4,972 Installed Building Products, Inc. $IBP

Key Points

• Windsor Advisory Group acquired 4,972 shares of Installed Building Products valued at approximately $1.14 million, making IBP its 20th-largest holding. Institutional investors collectively own 99.61% of the company.
• IBP beat quarterly expectations, reporting $2.91 EPS versus the $2.55 consensus and revenue of $777.8 million versus $743.3 million expected; revenue rose 2.3% year over year.
• The company declared a quarterly dividend of $0.39, equal to $1.56 annually and a 0.6% yield. Analysts maintain a consensus “Hold” rating with an average price target of $249.30, close to the stock’s $245.66 price.

Windsor Advisory Group LLC acquired a new position in shares of Installed Building Products, Inc. (NYSE:IBP - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 4,972 shares of the construction company's stock, valued at approximately $1,143,000. Installed Building Products makes up 0.8% of Windsor Advisory Group LLC's portfolio, making the stock its 20th largest holding.

Several other hedge funds and other institutional investors also recently modified their holdings of IBP. Danske Bank A S bought a new position in shares of Installed Building Products during the third quarter worth about $25,000. NewEdge Advisors LLC grew its stake in Installed Building Products by 5,000.0% in the third quarter. NewEdge Advisors LLC now owns 102 shares of the construction company's stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Installed Building Products in the first quarter valued at about $30,000. Keating Financial Advisory Services Inc. bought a new stake in Installed Building Products in the second quarter valued at about $31,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Installed Building Products by 700.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company's stock valued at $37,000 after buying an additional 133 shares in the last quarter. Institutional investors own 99.61% of the company's stock.

Installed Building Products Stock Down 0.5%

Installed Building Products stock opened at $245.66 on Thursday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.41 and a current ratio of 2.98. Installed Building Products, Inc. has a one year low of $193.11 and a one year high of $349.00. The company has a 50-day simple moving average of $231.30 and a 200-day simple moving average of $255.44. The firm has a market capitalization of $6.53 billion, a P/E ratio of 26.44, a P/E/G ratio of 4.63 and a beta of 1.70.

Installed Building Products (NYSE:IBP - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The construction company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.36. The firm had revenue of $777.80 million for the quarter, compared to the consensus estimate of $743.33 million. Installed Building Products had a net margin of 8.46% and a return on equity of 42.12%. Installed Building Products's quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $2.95 EPS. As a group, equities analysts expect that Installed Building Products, Inc. will post 9.82 earnings per share for the current year.

Installed Building Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be paid a $0.39 dividend. The ex-dividend date is Tuesday, September 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.6%. Installed Building Products's dividend payout ratio (DPR) is presently 16.79%.

Analyst Upgrades and Downgrades

IBP has been the topic of several research reports. Zacks Research raised Installed Building Products from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Royal Bank Of Canada set a $242.00 target price on shares of Installed Building Products in a report on Monday, May 11th. Wells Fargo & Company reduced their price target on shares of Installed Building Products from $285.00 to $250.00 and set an "equal weight" rating on the stock in a research report on Friday, May 8th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Installed Building Products in a report on Tuesday, August 18th. Finally, The Goldman Sachs Group lowered their price objective on shares of Installed Building Products from $331.00 to $285.00 and set a "buy" rating for the company in a research report on Friday, May 8th. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $249.30.

Insider Buying and Selling at Installed Building Products

In other Installed Building Products news, CFO Michael Thomas Miller purchased 990 shares of the business's stock in a transaction dated Thursday, June 11th. The shares were bought at an average price of $200.62 per share, with a total value of $198,613.80. Following the completion of the acquisition, the chief financial officer owned 34,209 shares in the company, valued at approximately $6,863,009.58. This represents a 2.98% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 13.80% of the company's stock.

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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