Quantbot Technologies LP Makes New Investment in Installed Building Products, Inc. $IBP

Quantbot Technologies LP purchased a new position in shares of Installed Building Products, Inc. (NYSE:IBP) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 2,327 shares of the construction company’s stock, valued at approximately $535,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Installed Building Products by 3.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,130 shares of the construction company’s stock valued at $2,423,000 after purchasing an additional 486 shares during the last quarter. United Services Automobile Association bought a new stake in shares of Installed Building Products during the 1st quarter worth approximately $263,000. Jane Street Group LLC boosted its holdings in shares of 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 buying an additional 12,545 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Installed Building Products by 5.9% in the 2nd quarter. Hsbc Holdings PLC now owns 1,643 shares of the construction company’s stock valued at $296,000 after buying an additional 92 shares during the last quarter. Finally, Jump Financial LLC grew its stake 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 buying an additional 16,400 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Michael Thomas Miller purchased 990 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average price of $200.62 per share, for a total transaction of $198,613.80. Following the purchase, the chief financial officer owned 34,209 shares in the company, valued at approximately $6,863,009.58. This represents a 2.98% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 13.80% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Stephens lowered their target price on shares of Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. Zacks Research raised shares of Installed Building Products from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. The Goldman Sachs Group lowered their price objective 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. DA Davidson upped their target price on shares of Installed Building Products from $242.00 to $250.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Finally, Evercore set a $246.00 target price on shares of Installed Building Products in a research note on Friday, August 7th. One 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 MarketBeat.com, Installed Building Products presently has an average rating of “Hold” and a consensus target price of $249.30.

Installed Building Products Stock Down 1.9%

IBP opened at $241.24 on Friday. The stock’s fifty day simple moving average is $231.77 and its 200 day simple moving average is $254.83. Installed Building Products, Inc. has a 1-year low of $193.11 and a 1-year high of $349.00. The stock has a market cap of $6.41 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 4.61 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.

Installed Building Products (NYSE:IBP) last released its quarterly earnings data on Thursday, August 6th. The construction company reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.36. Installed Building Products had a net margin of 8.46% and a return on equity of 42.12%. The firm had revenue of $777.80 million during the quarter, compared to analysts’ expectations of $743.33 million. During the same period in the previous year, the business posted $2.95 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, research analysts expect that Installed Building Products, Inc. will post 9.82 earnings per share for the current year.

Installed Building Products Dividend Announcement

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

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.