Installed Building Products (NYSE:IBP) Stock Acquired Rep. David Taylor

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 Trading Down 2.4%

Shares of NYSE IBP traded down $4.04 during midday trading on Friday, hitting $165.71. 493,784 shares of the company traded hands, compared to its average volume of 343,145. Installed Building Products, Inc. has a 12-month low of $150.83 and a 12-month 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 stock has a 50-day moving average price of $164.10 and a 200 day moving average price of $179.36. The firm has a market cap of $4.58 billion, a P/E ratio of 18.41 and a beta of 1.73.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.23 by ($0.15). Installed Building Products had a net margin of 8.74% and a return on equity of 43.56%. The company had revenue of $684.80 million for the quarter, compared to analysts' expectations of $681.34 million. During the same quarter in the prior year, the firm earned $2.47 EPS. Installed Building Products's quarterly revenue was down 1.2% compared to the same quarter last year. As a group, analysts expect that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

Installed Building Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 0.89%. The ex-dividend date is Friday, June 13th. Installed Building Products's dividend payout ratio is currently 16.88%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IBP. Blue Trust Inc. raised its holdings in shares of Installed Building Products by 7.9% during the fourth quarter. Blue Trust Inc. now owns 1,257 shares of the construction company's stock valued at $220,000 after purchasing an additional 92 shares during the last quarter. KBC Group NV raised its holdings in shares of Installed Building Products by 293.5% during the fourth quarter. KBC Group NV now owns 2,562 shares of the construction company's stock valued at $449,000 after purchasing an additional 1,911 shares during the last quarter. Boston Trust Walden Corp raised its holdings in shares of Installed Building Products by 23.0% during the fourth quarter. Boston Trust Walden Corp now owns 164,845 shares of the construction company's stock valued at $28,889,000 after purchasing an additional 30,840 shares during the last quarter. Choreo LLC raised its holdings in shares of Installed Building Products by 68.2% during the fourth quarter. Choreo LLC now owns 2,158 shares of the construction company's stock valued at $377,000 after purchasing an additional 875 shares during the last quarter. Finally, Vest Financial LLC raised its holdings in shares of Installed Building Products by 121.5% during the fourth quarter. Vest Financial LLC now owns 13,777 shares of the construction company's stock valued at $2,414,000 after purchasing an additional 7,557 shares during the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on IBP shares. Truist Financial dropped 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 note on Monday, March 3rd. Loop Capital dropped their price objective on shares of Installed Building Products from $210.00 to $200.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. DA Davidson dropped their price objective 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. Benchmark dropped their price objective on shares of Installed Building Products from $210.00 to $185.00 and set a "buy" rating on the stock in a research note on Friday, May 9th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Installed Building Products in a research note on Tuesday, April 1st. They set a "hold" rating and a $183.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Installed Building Products currently has an average 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.

Installed Building Products Company Profile

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.