WINTON GROUP Ltd Acquires New Holdings in Installed Building Products, Inc. $IBP

WINTON GROUP Ltd acquired a new stake in shares of Installed Building Products, Inc. (NYSE:IBP) during the second quarter, HoldingsChannel reports. The fund acquired 5,136 shares of the construction company’s stock, valued at approximately $1,180,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Engineers Gate Manager LP bought a new stake in Installed Building Products in the 2nd quarter worth approximately $695,000. Summit Financial Strategies Inc. boosted its stake in shares of Installed Building Products by 79.2% in the 2nd quarter. Summit Financial Strategies Inc. now owns 5,189 shares of the construction company’s stock worth $1,193,000 after buying an additional 2,293 shares during the last quarter. Beacon Investment Advisory Services Inc. grew its holdings in shares of Installed Building Products by 27.0% in the second quarter. Beacon Investment Advisory Services Inc. now owns 15,203 shares of the construction company’s stock worth $3,494,000 after acquiring an additional 3,229 shares during the period. Nykredit A S purchased a new stake in Installed Building Products during the second quarter valued at $223,000. Finally, VELA Investment Management LLC lifted its holdings in Installed Building Products by 7.0% in the second quarter. VELA Investment Management LLC now owns 8,391 shares of the construction company’s stock valued at $1,929,000 after acquiring an additional 548 shares during the period. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Trading Up 0.3%

Installed Building Products stock opened at $204.89 on Monday. Installed Building Products, Inc. has a 12-month low of $193.11 and a 12-month high of $349.00. The firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 22.06, a P/E/G ratio of 3.83 and a beta of 1.71. The firm has a 50 day moving average of $232.95 and a 200 day moving average of $246.88. 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 posted its quarterly earnings results on Thursday, August 6th. The construction company reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.36. The business had revenue of $777.80 million during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $2.95 earnings per share. As a group, research analysts predict that Installed Building Products, Inc. will post 9.82 earnings per share for the current year.

Installed Building Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders 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 dividend on an annualized basis and a yield of 0.8%. Installed Building Products’s dividend payout ratio (DPR) is currently 16.79%.

Insider Activity at Installed Building Products

In other news, Director Janet Jackson sold 1,086 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $237.06, for a total value of $257,447.16. Following the transaction, the director directly owned 5,142 shares in the company, valued at $1,218,962.52. The trade was a 17.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Evercore set a $246.00 price target on Installed Building Products in a research note on Friday, August 7th. DA Davidson increased their price objective on shares of Installed Building Products from $242.00 to $250.00 and gave the stock a “neutral” rating in a research note on Monday, August 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Installed Building Products in a report on Tuesday, August 18th. Zacks Research upgraded shares of Installed Building Products from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Finally, Wells Fargo & Company decreased their price target on shares of Installed Building Products from $245.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Friday. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Installed Building Products presently has a consensus rating of “Hold” and a consensus target price of $248.30.

Installed Building Products Company Profile

Installed Building Products, Inc (NYSE: IBP) is a Columbus, Ohio-based installer of insulation and complementary building products. The company serves residential, commercial and industrial construction markets, with a primary focus on installation services rather than manufacturing.

Its offerings include fiberglass, cellulose and spray foam insulation, as well as related products and services such as fireproofing, garage doors, rain gutters, closet shelving, shower doors and mirrors. Installed Building Products works with builders, contractors and homeowners on new construction, repair and remodeling projects.

Founded in 1977, the company has expanded through a network of local operations serving markets throughout the United States.