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

Representative David Taylor (R-Ohio) recently bought shares of Installed Building Products, Inc. (NYSE:IBP). In a filing disclosed on June 02nd, the Representative disclosed that they had bought between $1,001 and $15,000 in Installed Building Products stock on May 15th. 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 Broadcom NASDAQ: AVGO on 5/14/2025.
• Sold $1,001 - $15,000 in shares of UnitedHealth Group NYSE: UNH on 5/14/2025.
• Purchased $1,001 - $15,000 in shares of Fifth Third Bancorp NASDAQ: FITB on 5/14/2025.
• Sold $15,001 - $50,000 in shares of UnitedHealth Group NYSE: UNH on 5/14/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 5/13/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 5/12/2025.
• Purchased $1,001 - $15,000 in shares of Salesforce NYSE: CRM on 5/12/2025.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 3/27/2025.
• Purchased $1,001 - $15,000 in shares of Parker-Hannifin NYSE: PH on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of JPMorgan Chase & Co. NYSE: JPM on 3/10/2025.

Installed Building Products Stock Up 2.0%

IBP stock traded up $3.26 during mid-day trading on Thursday, hitting $169.52. 591,902 shares of the company were exchanged, compared to its average volume of 397,848. The firm has a market cap of $4.68 billion, a P/E ratio of 18.84 and a beta of 1.85. Installed Building Products, Inc. has a 1-year low of $150.83 and a 1-year high of $281.04. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The firm's 50 day simple moving average is $164.28 and its 200 day simple moving average is $179.89.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its earnings results on Thursday, May 8th. The construction company reported $2.08 earnings per share for the quarter, missing analysts' consensus estimates of $2.23 by ($0.15). Installed Building Products had a return on equity of 43.56% and a net margin of 8.74%. The company had revenue of $684.80 million during the quarter, compared to analyst estimates of $681.34 million. During the same period in the previous year, the company posted $2.47 earnings per share. Installed Building Products's revenue for the quarter was down 1.2% on a year-over-year basis. On average, sell-side analysts predict that Installed Building Products, Inc. will post 10.66 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.37 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.48 annualized dividend and a dividend yield of 0.87%. Installed Building Products's dividend payout ratio is presently 16.88%.

Hedge Funds Weigh In On Installed Building Products

A number of institutional investors have recently bought and sold shares of the business. Strs Ohio bought a new position in shares of Installed Building Products during the 1st quarter worth approximately $309,000. Jane Street Group LLC boosted its position in Installed Building Products by 270.0% during the first quarter. Jane Street Group LLC now owns 17,192 shares of the construction company's stock worth $2,948,000 after purchasing an additional 12,545 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Installed Building Products by 190.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 302,292 shares of the construction company's stock valued at $51,831,000 after purchasing an additional 198,391 shares during the last quarter. Ascent Group LLC raised its position in shares of Installed Building Products by 12.7% in the first quarter. Ascent Group LLC now owns 26,316 shares of the construction company's stock valued at $4,512,000 after purchasing an additional 2,959 shares during the period. Finally, United Services Automobile Association bought a new position in shares of Installed Building Products in the first quarter valued at about $263,000. Institutional investors and hedge funds own 99.61% of the company's stock.

Wall Street Analyst Weigh In

IBP has been the subject of a number of research reports. Benchmark decreased their price objective on Installed Building Products from $210.00 to $185.00 and set a "buy" rating for the company in a report on Friday, May 9th. Wall Street Zen cut shares of Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Truist Financial cut their price objective on shares of Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a research report on Monday, March 3rd. Loop Capital decreased their target price on shares of Installed Building Products from $210.00 to $200.00 and set a "buy" rating for the company in a research report on Monday, May 12th. Finally, DA Davidson lowered their price target on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $212.45.

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.

About Installed Building Products

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.