WCM Investment Management LLC Sells 17,068 Shares of Installed Building Products, Inc. $IBP

WCM Investment Management LLC cut its holdings in Installed Building Products, Inc. (NYSE:IBP) by 15.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 97,008 shares of the construction company’s stock after selling 17,068 shares during the quarter. WCM Investment Management LLC’s holdings in Installed Building Products were worth $24,199,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Verdence Capital Advisors LLC grew its holdings in Installed Building Products by 3.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,265 shares of the construction company’s stock worth $343,000 after acquiring an additional 43 shares during the last quarter. Amalgamated Bank raised its stake in shares of Installed Building Products by 0.8% in the third quarter. Amalgamated Bank now owns 6,589 shares of the construction company’s stock worth $1,625,000 after acquiring an additional 50 shares during the last quarter. State of Wyoming lifted its position in shares of Installed Building Products by 5.1% during the second quarter. State of Wyoming now owns 1,101 shares of the construction company’s stock worth $199,000 after purchasing an additional 53 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Installed Building Products by 14.0% during the second quarter. Smartleaf Asset Management LLC now owns 439 shares of the construction company’s stock valued at $78,000 after purchasing an additional 54 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Installed Building Products by 31.8% in the third quarter. Farther Finance Advisors LLC now owns 224 shares of the construction company’s stock valued at $55,000 after purchasing an additional 54 shares in the last quarter. 99.61% of the stock is owned by institutional investors.

Insider Activity at Installed Building Products

In other news, insider William Jeffrey Hire sold 5,000 shares of the business’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $251.63, for a total value of $1,258,150.00. Following the completion of the transaction, the insider owned 32,999 shares of the company’s stock, valued at $8,303,538.37. The trade was a 13.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael H. Thomas sold 2,001 shares of the company’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total transaction of $536,828.28. Following the completion of the sale, the director owned 8,373 shares of the company’s stock, valued at approximately $2,246,308.44. This represents a 19.29% decrease in their position. The disclosure for this sale is available in the SEC filing. 16.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

IBP has been the topic of several research reports. Vertical Research began coverage on Installed Building Products in a report on Monday, October 20th. They set a “sell” rating on the stock. Wall Street Zen downgraded Installed Building Products from a “buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $245.00 price target on shares of Installed Building Products in a research note on Tuesday, January 13th. Zacks Research lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Finally, Wells Fargo & Company boosted their price objective on Installed Building Products from $275.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $235.36.

Installed Building Products Price Performance

Shares of IBP opened at $287.32 on Tuesday. The stock has a market cap of $7.79 billion, a P/E ratio of 30.93, a price-to-earnings-growth ratio of 5.32 and a beta of 1.92. Installed Building Products, Inc. has a 1 year low of $150.83 and a 1 year high of $317.86. The stock’s 50-day moving average price is $279.08 and its two-hundred day moving average price is $259.98. The company has a current ratio of 2.78, a quick ratio of 2.28 and a debt-to-equity ratio of 1.25.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings results on Wednesday, November 5th. The construction company reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.49. Installed Building Products had a return on equity of 62.74% and a net margin of 8.60%.The company had revenue of $778.20 million during the quarter, compared to analysts’ expectations of $751.98 million. During the same period in the prior year, the business posted $2.85 EPS. Installed Building Products’s revenue was up 2.3% on a year-over-year basis. On average, equities analysts predict that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

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.