Installed Building Products (NYSE:IBP) Director Sells $413,567.10 in Stock

Key Points

• Director Janet Jackson sold 1,410 shares on March 9 at an average price of $293.31 for $413,567.10, leaving her with 5,373 shares — a 20.79% reduction in her ownership.
• Quarterly results beat estimates: Installed Building Products reported $3.24 EPS vs. $2.83 expected and $747.5M in revenue, though revenue was down 0.4% year-over-year.
• Special dividend declared: the company will pay a $1.80 special dividend on March 31 to shareholders of record March 13 (ex-dividend March 13), cited as a 56.0% yield and a 15.21% payout ratio.

Installed Building Products, Inc. (NYSE:IBP - Get Free Report) Director Janet Jackson sold 1,410 shares of the company's stock in a transaction dated Monday, March 9th. The shares were 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 of the company's stock, valued at approximately $1,575,954.63. This trade represents a 20.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Installed Building Products Trading Down 3.1%

Shares of NYSE:IBP traded down $9.11 during mid-day trading on Wednesday, reaching $281.44. The stock had a trading volume of 411,969 shares, compared to its average volume of 345,293. The firm has a 50 day simple moving average of $307.22 and a two-hundred day simple moving average of $276.62. Installed Building Products, Inc. has a twelve month low of $150.83 and a twelve month high of $349.00. The firm has a market cap of $7.59 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 4.21 and a beta of 1.90. 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 issued 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 net margin of 8.93% and a return on equity of 43.71%. The firm had revenue of $747.50 million during the quarter, compared to analysts' expectations of $738.97 million. During the same quarter in the previous year, the company earned $2.88 earnings per share. The business's revenue for the quarter was down .4% on a year-over-year basis. On average, research analysts predict that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The company also recently declared a special dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $1.80 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a dividend yield of 56.0%. Installed Building Products's payout ratio is 15.21%.

Hedge Funds Weigh In On Installed Building Products

Large investors have recently added to or reduced their stakes in the company. Timucuan Asset Management Inc. FL lifted its holdings in shares of Installed Building Products by 73.2% in the second quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company's stock valued at $156,261,000 after purchasing an additional 366,250 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Installed Building Products by 26.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,551,161 shares of the construction company's stock worth $402,356,000 after buying an additional 328,725 shares in the last quarter. Eminence Capital LP raised its position in Installed Building Products by 48.5% in the 2nd quarter. Eminence Capital LP now owns 945,101 shares of the construction company's stock valued at $170,421,000 after buying an additional 308,717 shares during the last quarter. TD Asset Management Inc lifted its stake in Installed Building Products by 2,169.2% in the 3rd quarter. TD Asset Management Inc now owns 271,938 shares of the construction company's stock valued at $67,076,000 after acquiring an additional 259,954 shares in the last quarter. Finally, Orion Porfolio Solutions LLC lifted its stake in Installed Building Products by 4,659.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 171,897 shares of the construction company's stock valued at $30,996,000 after acquiring an additional 168,285 shares in the last quarter. Institutional investors own 99.61% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Benchmark lowered Installed Building Products from a "buy" rating to a "hold" rating in a report on Wednesday, February 11th. Zacks Research lowered Installed Building Products from a "strong-buy" rating to a "hold" rating in a research report on Friday, January 16th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $245.00 price objective on shares of Installed Building Products in a report on Tuesday, January 13th. Jefferies Financial Group boosted their price objective on Installed Building Products from $230.00 to $259.00 and gave the company a "hold" rating in a research report on Monday, December 15th. Finally, Wells Fargo & Company lowered their target price on Installed Building Products from $355.00 to $340.00 and set an "equal weight" rating for the company in a research note on Friday, February 27th. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $256.09.

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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