First National Bank of Omaha Purchases Shares of 5,667 Installed Building Products, Inc. $IBP

First National Bank of Omaha acquired a new position in shares of Installed Building Products, Inc. (NYSE:IBP) during the second quarter, Holdings Channel reports. The institutional investor acquired 5,667 shares of the construction company’s stock, valued at approximately $1,303,000.

A number of other hedge funds have also recently added to or reduced their stakes in IBP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Installed Building Products by 3.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,130 shares of the construction company’s stock worth $2,423,000 after acquiring an additional 486 shares in the last quarter. United Services Automobile Association acquired a new position in shares of Installed Building Products during the 1st quarter worth approximately $263,000. Jane Street Group LLC grew its stake in Installed Building Products by 270.0% in the 1st quarter. Jane Street Group LLC now owns 17,192 shares of the construction company’s stock valued at $2,948,000 after acquiring an additional 12,545 shares during the period. Hsbc Holdings PLC raised its position in Installed Building Products by 5.9% during the second quarter. Hsbc Holdings PLC now owns 1,643 shares of the construction company’s stock worth $296,000 after acquiring an additional 92 shares during the period. Finally, Jump Financial LLC grew its position in shares of Installed Building Products by 959.6% in the second quarter. Jump Financial LLC now owns 18,109 shares of the construction company’s stock valued at $3,265,000 after purchasing an additional 16,400 shares during the period. 99.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Royal Bank Of Canada set a $242.00 target price on Installed Building Products in a report on Monday, May 11th. Wells Fargo & Company decreased 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. Stephens reduced their price objective on Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. Evercore set a $246.00 price target on shares of Installed Building Products in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Installed Building Products from $284.00 to $195.00 and set an “underweight” rating for the company in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $249.30.

Installed Building Products Price Performance

IBP stock opened at $249.91 on Thursday. The company has a market capitalization of $6.64 billion, a PE ratio of 26.90, a P/E/G ratio of 4.50 and a beta of 1.70. The company has a current ratio of 2.98, a quick ratio of 2.41 and a debt-to-equity ratio of 1.62. The business’s fifty day moving average price is $227.76 and its 200 day moving average price is $257.51. Installed Building Products, Inc. has a 12-month low of $193.11 and a 12-month high of $349.00.

Installed Building Products (NYSE:IBP) last announced its earnings results on Thursday, August 6th. The construction company reported $2.91 earnings per share for the quarter, topping the consensus estimate of $2.55 by $0.36. The firm had revenue of $777.80 million for the quarter, compared to the consensus estimate of $743.33 million. Installed Building Products had a net margin of 8.46% and a return on equity of 42.12%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.95 EPS. On average, sell-side analysts anticipate that Installed Building Products, Inc. will post 9.78 EPS for the current year.

Installed Building Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.39 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.6%. Installed Building Products’s payout ratio is presently 16.79%.

Insiders Place Their Bets

In other Installed Building Products news, CFO Michael Thomas Miller acquired 990 shares of the stock in a transaction dated Thursday, June 11th. The stock was acquired at an average cost of $200.62 per share, with a total value of $198,613.80. Following the transaction, the chief financial officer owned 34,209 shares in the company, valued at $6,863,009.58. The trade was a 2.98% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.80% of the stock is currently owned by corporate insiders.

Installed Building Products Profile

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.