Swedbank AB Sells 156,000 Shares of Installed Building Products, Inc. $IBP

Swedbank AB trimmed its stake in Installed Building Products, Inc. (NYSE:IBP) by 51.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,000 shares of the construction company’s stock after selling 156,000 shares during the period. Swedbank AB owned approximately 0.54% of Installed Building Products worth $36,259,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Vontobel Holding Ltd. purchased a new position in Installed Building Products in the 3rd quarter worth approximately $512,000. Monument Capital Management bought a new stake in shares of Installed Building Products during the 3rd quarter worth $244,000. Farther Finance Advisors LLC grew its position in Installed Building Products by 31.8% in the third quarter. Farther Finance Advisors LLC now owns 224 shares of the construction company’s stock worth $55,000 after acquiring an additional 54 shares in the last quarter. Argent Capital Management LLC bought a new position in Installed Building Products in the third quarter valued at $252,000. Finally, Legacy Wealth Asset Management LLC purchased a new stake in Installed Building Products during the third quarter valued at about $336,000. 99.61% of the stock is owned by hedge funds and other institutional investors.

Installed Building Products Stock Up 0.5%

Shares of Installed Building Products stock opened at $265.82 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.28 and a current ratio of 2.78. Installed Building Products, Inc. has a 52-week low of $150.83 and a 52-week high of $293.53. The company’s 50 day moving average price is $261.82 and its 200-day moving average price is $239.11. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 28.61, a P/E/G ratio of 4.88 and a beta of 1.90.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings results on Wednesday, November 5th. The construction company reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.49. The company had revenue of $778.20 million during the quarter, compared to analyst estimates of $751.98 million. Installed Building Products had a net margin of 8.60% and a return on equity of 62.74%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.85 EPS. Equities research analysts forecast that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Monday, December 15th. This represents a $1.48 annualized dividend and a dividend yield of 0.6%. Installed Building Products’s dividend payout ratio (DPR) is presently 15.93%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Vertical Research began coverage on Installed Building Products in a report on Monday, October 20th. They issued a “sell” rating for the company. Evercore ISI set a $265.00 target price on Installed Building Products in a research report on Thursday, November 6th. Weiss Ratings lowered Installed Building Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Wall Street Zen cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Finally, Jefferies Financial Group boosted their price objective on shares of Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a report on Monday, December 15th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $226.20.

Insider Transactions at Installed Building Products

In related news, insider William Jeffrey Hire sold 5,000 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $251.63, for a total transaction of $1,258,150.00. Following the transaction, the insider owned 32,999 shares in the company, valued at $8,303,538.37. The trade was a 13.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael H. Thomas sold 2,001 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total value of $536,828.28. Following the completion of the sale, the director owned 8,373 shares of the company’s stock, valued at approximately $2,246,308.44. This trade represents a 19.29% decrease in their position. The SEC filing for this sale provides additional information. 16.20% of the stock is owned by insiders.

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.