Rep. David Taylor Acquires Shares of Installed Building Products, Inc. (NYSE:IBP)

Key Points

• Rep. David Taylor purchased between $1,001 and $15,000 of Installed Building Products shares on August 14 through his trust brokerage account.
• Installed Building Products reported quarterly EPS of $2.91, exceeding the $2.55 analyst consensus, 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 about 0.6% annually.
• Analysts maintain a broadly cautious view, with one Buy, ten Hold, and one Sell rating and an average price target of $249.30; shares opened at $246.88.

Representative David Taylor (Republican-Ohio) recently bought shares of Installed Building Products, Inc. (NYSE:IBP). In a filing disclosed on August 20th, the Representative disclosed that they had bought between $1,001 and $15,000 in Installed Building Products stock on August 14th. The trade occurred in the Representative's "DAVID TAYLOR TRUST > SCHWAB JOINT BROKERAGE #1 (HOME GROWN)" account.

Representative David Taylor also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 8/11/2026.
• Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 8/11/2026.
• Sold $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 8/11/2026.
• Purchased $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 7/24/2026.
• Sold $1,001 - $15,000 in shares of Marathon Petroleum NYSE: MPC on 7/24/2026.
• Purchased $1,001 - $15,000 in shares of Kroger NYSE: KR on 7/24/2026.
• Sold $1,001 - $15,000 in shares of Fifth Third Bancorp NASDAQ: FITB on 7/24/2026.
• Purchased $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 7/24/2026.
• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 7/17/2026.
• Purchased $1,001 - $15,000 in shares of Chevron NYSE: CVX on 6/15/2026.

Installed Building Products Price Performance

NYSE IBP opened at $246.88 on Friday. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 4.59 and a beta of 1.70. Installed Building Products, Inc. has a 1-year low of $193.11 and a 1-year high of $349.00. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.98 and a quick ratio of 2.41. The business's fifty day moving average price is $229.30 and its 200-day moving average price is $257.12.

Installed Building Products (NYSE:IBP - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The construction company reported $2.91 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $777.80 million during the quarter, compared to analysts' expectations of $743.33 million. During the same quarter in the prior year, the business earned $2.95 earnings per share. Installed Building Products's revenue for the quarter was up 2.3% compared to the same quarter last year. On average, equities analysts predict 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. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 15th. Installed Building Products's dividend payout ratio is presently 16.79%.

Insider Activity

In other Installed Building Products news, CFO Michael Thomas Miller purchased 990 shares of the company's stock in a transaction on Thursday, June 11th. The stock was acquired at an average cost of $200.62 per share, for a total transaction of $198,613.80. Following the purchase, the chief financial officer directly owned 34,209 shares of the company's stock, valued at $6,863,009.58. This trade represents a 2.98% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 13.80% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on IBP shares. Truist Financial cut their price target on Installed Building Products from $250.00 to $200.00 and set a "hold" rating for the company in a research note on Friday, May 8th. Royal Bank Of Canada set a $242.00 price objective on shares of Installed Building Products in a report on Monday, May 11th. Stephens reduced their target price on shares of Installed Building Products from $300.00 to $240.00 and set an "equal weight" rating for the company in a report on Friday, May 8th. Zacks Research upgraded shares of Installed Building Products from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Finally, Wells Fargo & Company dropped 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 note on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $249.30.

Institutional Trading of Installed Building Products

Hedge funds and other institutional investors have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 purchased a new position in shares of Installed Building Products in the first quarter valued at about $263,000. Jane Street Group LLC lifted its position in shares of Installed Building Products by 270.0% in the first 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 in the last quarter. Hsbc Holdings PLC boosted its stake in shares of Installed Building Products by 5.9% in the second quarter. Hsbc Holdings PLC now owns 1,643 shares of the construction company's stock worth $296,000 after acquiring an additional 92 shares during the period. Finally, Jump Financial LLC boosted its stake in shares of Installed Building Products by 959.6% in 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 during the period. 99.61% of the stock is owned by hedge funds and other institutional investors.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio's 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Taylor (Republican Party) ran for election to the U.S. House to represent Ohio's 2nd Congressional District. He won in the general election on November 5, 2024. David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor's career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source