Michael Thomas Miller Purchases 990 Shares of Installed Building Products (NYSE:IBP) Stock

Installed Building Products, Inc. (NYSE:IBP) CFO Michael Thomas Miller bought 990 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were bought at an average price of $200.62 per share, for a total transaction of $198,613.80. Following the completion of the acquisition, the chief financial officer owned 34,209 shares of the company’s stock, valued at approximately $6,863,009.58. This represents a 2.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Michael Thomas Miller also recently made the following trade(s):

• On Monday, May 11th, Michael Thomas Miller bought 2,400 shares of Installed Building Products stock. The shares were bought at an average price of $207.82 per share, for a total transaction of $498,768.00.

Installed Building Products Price Performance

NYSE IBP opened at $218.06 on Wednesday. Installed Building Products, Inc. has a fifty-two week low of $162.56 and a fifty-two week high of $349.00. The stock’s 50-day moving average is $243.45 and its two-hundred day moving average is $273.63. 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 firm has a market cap of $5.87 billion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 5.15 and a beta of 1.71.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.17). The business had revenue of $660.50 million during the quarter, compared to analyst estimates of $668.92 million. Installed Building Products had a net margin of 8.65% and a return on equity of 42.28%. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.08 earnings per share. On average, analysts anticipate that Installed Building Products, Inc. will post 9.62 earnings per share for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, June 15th. Installed Building Products’s dividend payout ratio (DPR) is currently 16.63%.

Institutional Investors Weigh In On Installed Building Products

Institutional investors have recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its position in Installed Building Products by 21.4% during the fourth quarter. Bessemer Group Inc. now owns 123,264 shares of the construction company’s stock worth $31,973,000 after buying an additional 21,705 shares in the last quarter. Watchtower Advisors LP grew its position in Installed Building Products by 30.4% during the third quarter. Watchtower Advisors LP now owns 32,277 shares of the construction company’s stock worth $7,961,000 after buying an additional 7,534 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Installed Building Products by 7.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 128,911 shares of the construction company’s stock worth $33,438,000 after buying an additional 9,080 shares in the last quarter. SG Americas Securities LLC grew its position in Installed Building Products by 107.3% during the fourth quarter. SG Americas Securities LLC now owns 9,227 shares of the construction company’s stock worth $2,393,000 after buying an additional 4,777 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Installed Building Products by 2.4% during the third quarter. First Trust Advisors LP now owns 399,510 shares of the construction company’s stock worth $98,543,000 after buying an additional 9,489 shares in the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on IBP shares. Wall Street Zen downgraded Installed Building Products from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Evercore set a $226.00 price target on Installed Building Products in a research report on Friday, May 8th. JPMorgan Chase & Co. lowered their price target on Installed Building Products from $284.00 to $195.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 13th. Wells Fargo & Company lowered their price target on Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. Finally, Vertical Research raised Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 price target on the stock in a research report on Friday, February 27th. One investment analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price 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.