Emerald Investment Advisers LLC Invests $5.72 Million in Installed Building Products, Inc. $IBP

Emerald Investment Advisers LLC bought a new stake in Installed Building Products, Inc. (NYSE:IBP) in the 2nd quarter, Holdings Channel reports. The fund bought 24,898 shares of the construction company’s stock, valued at approximately $5,723,000.

A number of other large investors have also added to or reduced their stakes in the company. Danske Bank A S purchased a new stake in Installed Building Products during the 3rd quarter worth $25,000. NewEdge Advisors LLC boosted its position in Installed Building Products by 5,000.0% in the 3rd quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock valued at $25,000 after buying an additional 100 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Installed Building Products in the 1st quarter valued at about $30,000. Keating Financial Advisory Services Inc. purchased a new position in Installed Building Products in the 2nd quarter valued at about $31,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Installed Building Products by 700.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock valued at $37,000 after acquiring an additional 133 shares in the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Michael Thomas Miller acquired 990 shares of the business’s stock in a transaction on Thursday, June 11th. The shares were purchased at an average price of $200.62 per share, for a total transaction of $198,613.80. Following the completion of the purchase, the chief financial officer directly owned 34,209 shares of the company’s stock, valued at $6,863,009.58. This represents 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 this hyperlink. 13.80% of the stock is currently owned by corporate insiders.

Installed Building Products Price Performance

Shares of IBP stock opened at $246.88 on Friday. The firm has a market cap of $6.56 billion, a P/E ratio of 26.57, a P/E/G ratio of 4.59 and a beta of 1.70. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.98 and a quick ratio of 2.41. Installed Building Products, Inc. has a 1-year low of $193.11 and a 1-year high of $349.00. The firm has a fifty day moving average of $229.30 and a two-hundred day moving average of $257.12.

Installed Building Products (NYSE:IBP) last released 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 company had revenue of $777.80 million during 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 company’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.95 EPS. As a group, research analysts anticipate that Installed Building Products, Inc. will post 9.82 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

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

Wall Street Analysts Forecast Growth

IBP has been the topic of a number of analyst reports. Wells Fargo & Company dropped their target price 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. Stephens reduced their price target on Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. DA Davidson raised their price objective on Installed Building Products from $242.00 to $250.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of Installed Building Products in a research note on Tuesday. Finally, The Goldman Sachs Group dropped their price objective on Installed Building Products from $331.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $249.30.

Installed Building Products Company 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.