Life Cycle Investment Partners Ltd Acquires Shares of 109,150 Installed Building Products, Inc. $IBP

Life Cycle Investment Partners Ltd acquired a new stake in Installed Building Products, Inc. (NYSE:IBP) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 109,150 shares of the construction company’s stock, valued at approximately $28,312,000.

A number of other hedge funds have also recently modified their holdings of the company. Jefferies Financial Group Inc. purchased a new position in shares of Installed Building Products in the fourth quarter valued at about $246,000. Global Retirement Partners LLC boosted its stake in shares of Installed Building Products by 2,200.0% during the 4th quarter. Global Retirement Partners LLC now owns 322 shares of the construction company’s stock valued at $84,000 after purchasing an additional 308 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of Installed Building Products by 2.2% during the 4th quarter. ProShare Advisors LLC now owns 4,506 shares of the construction company’s stock valued at $1,169,000 after purchasing an additional 99 shares in the last quarter. Convergence Investment Partners LLC boosted its stake in shares of Installed Building Products by 2.6% during the 4th quarter. Convergence Investment Partners LLC now owns 2,133 shares of the construction company’s stock valued at $553,000 after purchasing an additional 54 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Installed Building Products by 36,067.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 54,974 shares of the construction company’s stock valued at $14,260,000 after purchasing an additional 54,822 shares in the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Insider Buying and Selling at Installed Building Products

In other Installed Building Products news, COO Brad A. Wheeler acquired 716 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average price of $209.13 per share, with a total value of $149,737.08. Following the completion of the purchase, the chief operating officer directly owned 14,988 shares of the company’s stock, valued at approximately $3,134,440.44. The trade was a 5.02% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Janet E. Jackson sold 1,410 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $293.31, for a total transaction of $413,567.10. Following the sale, the director directly owned 5,373 shares in the company, valued at $1,575,954.63. The trade was a 20.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have purchased a total of 4,046 shares of company stock valued at $844,194 over the last three months. 13.80% of the stock is currently owned by corporate insiders.

Installed Building Products Trading Down 1.3%

NYSE:IBP opened at $214.05 on Friday. Installed Building Products, Inc. has a one year low of $152.18 and a one year high of $349.00. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.35 and a quick ratio of 2.76. The company’s 50-day simple moving average is $265.27 and its 200 day simple moving average is $279.08. The firm has a market capitalization of $5.77 billion, a P/E ratio of 22.82, a PEG ratio of 5.29 and a beta of 1.84.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings data on Thursday, May 7th. The construction company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.96 by ($0.17). Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The business had revenue of $660.50 million for the quarter, compared to the consensus estimate of $668.92 million. During the same period in the previous year, the firm earned $2.08 EPS. The company’s revenue was down 3.5% on a year-over-year basis. As a group, analysts forecast that Installed Building Products, Inc. will post 9.62 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.56 annualized dividend and a yield of 0.7%. Installed Building Products’s payout ratio is presently 16.63%.

Wall Street Analyst Weigh In

IBP has been the topic of a number of research reports. Weiss Ratings lowered shares of Installed Building Products from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday. Evercore set a $226.00 target price on shares of Installed Building Products in a research note on Friday, May 8th. The Goldman Sachs Group cut their target price on shares of Installed Building Products from $331.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Wells Fargo & Company cut their target price 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. Finally, Zacks Research lowered shares of Installed Building Products from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $247.67.

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.