LRT Capital Management LLC Acquires 5,686 Shares of Installed Building Products, Inc. $IBP

LRT Capital Management LLC grew its holdings in Installed Building Products, Inc. (NYSE:IBP) by 503.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,815 shares of the construction company’s stock after buying an additional 5,686 shares during the quarter. LRT Capital Management LLC’s holdings in Installed Building Products were worth $1,681,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Aster Capital Management DIFC Ltd acquired a new stake in shares of Installed Building Products during the 3rd quarter valued at about $33,000. Salomon & Ludwin LLC acquired a new position in Installed Building Products in the third quarter worth about $42,000. Farther Finance Advisors LLC raised its position in Installed Building Products by 31.8% in the third quarter. Farther Finance Advisors LLC now owns 224 shares of the construction company’s stock worth $55,000 after purchasing an additional 54 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in Installed Building Products during the third quarter worth about $61,000. Finally, Smartleaf Asset Management LLC lifted its stake in Installed Building Products by 14.0% during the second quarter. Smartleaf Asset Management LLC now owns 439 shares of the construction company’s stock worth $78,000 after purchasing an additional 54 shares during the period. 99.61% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Janet E. Jackson sold 1,410 shares of the stock in a transaction on 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 owned 5,373 shares in the company, valued at approximately $1,575,954.63. This represents a 20.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Jeffrey W. Edwards sold 400,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $314.06, for a total value of $125,624,000.00. Following the completion of the sale, the chief executive officer owned 1,727,819 shares of the company’s stock, valued at approximately $542,638,835.14. This trade represents a 18.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 16.20% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on IBP. Weiss Ratings upgraded Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. Benchmark downgraded Installed Building Products from a “buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Wells Fargo & Company decreased their price target on Installed Building Products from $355.00 to $340.00 and set an “equal weight” rating on the stock in a research note on Friday, February 27th. Jefferies Financial Group upped their price target on Installed Building Products from $230.00 to $259.00 and gave the company a “hold” rating in a research report on Monday, December 15th. Finally, Royal Bank Of Canada increased their price objective on Installed Building Products from $203.00 to $255.00 and gave the stock an “underperform” rating in a research note on Friday, February 27th. One analyst has rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Installed Building Products presently has an average rating of “Reduce” and a consensus target price of $256.09.

Installed Building Products Stock Performance

NYSE IBP opened at $288.48 on Tuesday. The firm has a market cap of $7.78 billion, a price-to-earnings ratio of 29.65, a PEG ratio of 4.00 and a beta of 1.90. The company has a 50 day moving average of $308.58 and a 200-day moving average of $276.93. The company has a current ratio of 3.03, a quick ratio of 2.44 and a debt-to-equity ratio of 1.20. Installed Building Products, Inc. has a 1-year low of $150.83 and a 1-year high of $349.00.

Installed Building Products (NYSE:IBP) last announced its earnings results on Thursday, February 26th. The construction company reported $3.24 EPS for the quarter, topping the consensus estimate of $2.83 by $0.41. The business had revenue of $747.50 million for the quarter, compared to the consensus estimate of $738.97 million. Installed Building Products had a return on equity of 43.71% and a net margin of 8.93%.Installed Building Products’s revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the business earned $2.88 EPS. On average, equities analysts forecast that Installed Building Products, Inc. will post 10.66 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a $1.80 dividend. The ex-dividend date is Friday, March 13th. This represents a yield of 63.0%. Installed Building Products’s payout ratio is presently 16.03%.

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.