LRT Capital Management LLC Sells 3,442 Shares of Installed Building Products, Inc. $IBP

LRT Capital Management LLC decreased its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 50.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,373 shares of the construction company’s stock after selling 3,442 shares during the period. LRT Capital Management LLC’s holdings in Installed Building Products were worth $875,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in IBP. Danske Bank A S purchased a new position in Installed Building Products in the 3rd quarter worth about $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 period. Aster Capital Management DIFC Ltd purchased a new stake in Installed Building Products in the 3rd quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. boosted its position in Installed Building Products by 700.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock valued at $37,000 after buying an additional 133 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new stake in Installed Building Products in the 4th quarter valued at about $43,000. 99.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

IBP has been the subject of several research reports. JPMorgan Chase & Co. lowered their price objective on shares of Installed Building Products from $284.00 to $195.00 and set an “underweight” rating for the company in a research report on Wednesday, May 13th. Vertical Research raised shares of Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 price objective for the company in a research report on Friday, February 27th. Weiss Ratings cut shares of Installed Building Products from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st. Evercore set a $226.00 price objective on shares of Installed Building Products in a research report on Friday, May 8th. Finally, Wells Fargo & Company lowered their price objective on shares of Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $247.67.

Insider Buying and Selling at Installed Building Products

In other Installed Building Products news, COO Brad A. Wheeler bought 716 shares of the company’s stock in a transaction on Monday, May 11th. The shares were bought at an average cost of $209.13 per share, for a total transaction of $149,737.08. Following the acquisition, the chief operating officer directly owned 14,988 shares in the company, valued at approximately $3,134,440.44. The trade was a 5.02% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jason R. Niswonger bought 455 shares of the company’s stock in a transaction on Monday, May 11th. The shares were acquired at an average price of $214.80 per share, for a total transaction of $97,734.00. Following the completion of the acquisition, the insider owned 17,122 shares in the company, valued at $3,677,805.60. This represents a 2.73% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 4,046 shares of company stock valued at $844,194 in the last 90 days. Insiders own 13.80% of the company’s stock.

Installed Building Products Stock Down 0.2%

Shares of Installed Building Products stock opened at $207.09 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.35 and a quick ratio of 2.76. Installed Building Products, Inc. has a 1 year low of $162.56 and a 1 year high of $349.00. The firm’s 50-day moving average is $245.65 and its two-hundred day moving average is $274.34. The stock has a market cap of $5.58 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 5.11 and a beta of 1.71.

Installed Building Products (NYSE:IBP) last issued its earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.17). Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The business had revenue of $660.50 million for the quarter, compared to the consensus estimate of $668.92 million. During the same quarter in the previous year, the company earned $2.08 earnings per share. The firm’s revenue was down 3.5% on a year-over-year basis. As a group, research analysts expect that Installed Building Products, Inc. will post 9.62 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 0.8%. The ex-dividend date is Monday, June 15th. Installed Building Products’s dividend payout ratio is presently 16.63%.

About Installed Building Products

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.