Installed Building Products (NYSE:IBP) Director Janet Jackson Sells 1,086 Shares

Key Points

• Director Janet Jackson sold 1,086 IBP shares at an average price of $237.06, generating $257,447.16. Her remaining stake fell 17.44% to 5,142 shares.
• Installed Building Products shares declined 4.5% to $227.88, below the analyst consensus target of $249.30. Analysts maintain a consensus “Hold” rating.
• The company exceeded quarterly expectations, reporting $2.91 in EPS and $777.8 million in revenue, while announcing a quarterly dividend of $0.39 per share, yielding approximately 0.7%.

Installed Building Products, Inc. (NYSE:IBP - Get Free Report) Director Janet Jackson sold 1,086 shares of the business's stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $237.06, for a total value of $257,447.16. Following the completion of the sale, the director owned 5,142 shares in the company, valued at $1,218,962.52. This represents a 17.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Installed Building Products Trading Down 4.5%

Installed Building Products stock traded down $10.69 during midday trading on Tuesday, reaching $227.88. 282,595 shares of the stock traded hands, compared to its average volume of 389,922. The firm has a market cap of $6.06 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 4.47 and a beta of 1.71. The company has a current ratio of 2.98, a quick ratio of 2.41 and a debt-to-equity ratio of 1.62. The company has a 50-day simple moving average of $234.24 and a two-hundred day simple moving average of $250.04. Installed Building Products, Inc. has a 12-month low of $193.11 and a 12-month high of $349.00.

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

Installed Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.39 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.7%. Installed Building Products's dividend payout ratio is 16.79%.

Institutional Investors Weigh In On Installed Building Products

Several institutional investors have recently modified their holdings of the company. California State Teachers Retirement System increased its holdings in Installed Building Products by 22,507.1% in the second quarter. California State Teachers Retirement System now owns 6,094,208 shares of the construction company's stock valued at $1,400,693,000 after buying an additional 6,067,251 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Installed Building Products during the 2nd quarter worth about $1,055,034,000. Price T Rowe Associates Inc. MD increased its holdings in shares of Installed Building Products by 26.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,551,161 shares of the construction company's stock valued at $402,356,000 after acquiring an additional 328,725 shares during the last quarter. Giverny Capital Inc. increased its holdings in shares of Installed Building Products by 0.9% in the 4th quarter. Giverny Capital Inc. now owns 519,236 shares of the construction company's stock valued at $134,685,000 after acquiring an additional 4,500 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of Installed Building Products by 0.3% during the 4th quarter. First Trust Advisors LP now owns 400,748 shares of the construction company's stock worth $103,950,000 after acquiring an additional 1,238 shares in the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on IBP. Evercore set a $246.00 price target on shares of Installed Building Products in a research note on Friday, August 7th. DA Davidson lifted their target price on Installed Building Products from $242.00 to $250.00 and gave the company a "neutral" rating in a report on Monday, August 10th. Zacks Research raised Installed Building Products from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Royal Bank Of Canada set a $242.00 price target on Installed Building Products in a report on Monday, May 11th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Installed Building Products in a research report on Tuesday, August 18th. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Installed Building Products presently has a consensus rating of "Hold" and a consensus target price of $249.30.

Installed Building Products Company 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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