WINTON GROUP Ltd Purchases New Shares in Installed Building Products, Inc. $IBP

Key Points

• WINTON GROUP Ltd. acquired 5,136 shares of Installed Building Products in the second quarter, valued at approximately $1.18 million. Institutional investors collectively own 99.61% of the company.
• Installed Building Products reported quarterly EPS of $2.91, exceeding expectations of $2.55, while revenue rose 2.3% year over year to $777.8 million. The company also declared a quarterly dividend of $0.39 per share, yielding approximately 0.8% annually.
• Analysts maintain a consensus “Hold” rating with an average price target of $248.30; IBP recently opened at $204.89, below that target and near its 12-month low.

WINTON GROUP Ltd acquired a new position in Installed Building Products, Inc. (NYSE:IBP - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,136 shares of the construction company's stock, valued at approximately $1,180,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Installed Building Products by 3.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,130 shares of the construction company's stock worth $2,423,000 after buying an additional 486 shares during the period. United Services Automobile Association bought a new position in shares of Installed Building Products in the 1st quarter worth about $263,000. Jane Street Group LLC lifted its position in Installed Building Products by 270.0% during the 1st quarter. Jane Street Group LLC now owns 17,192 shares of the construction company's stock valued at $2,948,000 after acquiring an additional 12,545 shares during the period. Hsbc Holdings PLC lifted its position in Installed Building Products by 5.9% during the 2nd quarter. Hsbc Holdings PLC now owns 1,643 shares of the construction company's stock valued at $296,000 after acquiring an additional 92 shares during the period. Finally, Jump Financial LLC boosted its stake in Installed Building Products by 959.6% during the second quarter. Jump Financial LLC now owns 18,109 shares of the construction company's stock worth $3,265,000 after acquiring an additional 16,400 shares in the last quarter. Hedge funds and other institutional investors own 99.61% of the company's stock.

Installed Building Products Price Performance

Shares of IBP opened at $204.89 on Monday. Installed Building Products, Inc. has a twelve month low of $193.11 and a twelve month high of $349.00. The company has a market capitalization of $5.45 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 3.83 and a beta of 1.71. The firm has a 50 day moving average of $232.95 and a 200 day moving average of $246.88. The company has a quick ratio of 2.41, a current ratio of 2.98 and a debt-to-equity ratio of 1.62.

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

Installed Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 15th. Installed Building Products's dividend payout ratio is presently 16.79%.

Wall Street Analysts Forecast Growth

IBP has been the subject of a number of analyst reports. Zacks Research raised shares of Installed Building Products from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. DA Davidson boosted their price target on Installed Building Products from $242.00 to $250.00 and gave the stock a "neutral" rating in a research report on Monday, August 10th. Wells Fargo & Company cut their price target on Installed Building Products from $245.00 to $240.00 and set an "equal weight" rating on the stock in a research note on Friday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Installed Building Products in a research report on Tuesday, August 18th. Finally, Evercore set a $246.00 price objective on Installed Building Products in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $248.30.

Insider Activity

In related news, Director Janet Jackson sold 1,086 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $237.06, for a total transaction of $257,447.16. Following the sale, the director directly owned 5,142 shares of the company's stock, valued at $1,218,962.52. This trade represents a 17.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 13.80% of the stock is currently owned by insiders.

Installed Building Products Profile

Installed Building Products, Inc NYSE: IBP is a Columbus, Ohio-based installer of insulation and complementary building products. The company serves residential, commercial and industrial construction markets, with a primary focus on installation services rather than manufacturing.

Its offerings include fiberglass, cellulose and spray foam insulation, as well as related products and services such as fireproofing, garage doors, rain gutters, closet shelving, shower doors and mirrors. Installed Building Products works with builders, contractors and homeowners on new construction, repair and remodeling projects.

Founded in 1977, the company has expanded through a network of local operations serving markets throughout the United States.

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