Beacon Investment Advisory Services Inc. Purchases 3,229 Shares of Installed Building Products, Inc. $IBP

Beacon Investment Advisory Services Inc. increased its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 27.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,203 shares of the construction company’s stock after buying an additional 3,229 shares during the period. Beacon Investment Advisory Services Inc. owned 0.06% of Installed Building Products worth $3,494,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MGO One Seven LLC boosted its holdings in Installed Building Products by 3.1% during the fourth quarter. MGO One Seven LLC now owns 1,133 shares of the construction company’s stock valued at $294,000 after acquiring an additional 34 shares during the period. Abel Hall LLC boosted its stake in Installed Building Products by 2.8% during the 1st quarter. Abel Hall LLC now owns 1,289 shares of the construction company’s stock valued at $342,000 after purchasing an additional 35 shares during the period. Vanguard Personalized Indexing Management LLC boosted its stake in Installed Building Products by 2.0% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 1,819 shares of the construction company’s stock valued at $472,000 after purchasing an additional 35 shares during the period. Maryland State Retirement & Pension System grew its holdings in Installed Building Products by 1.1% in the 4th quarter. Maryland State Retirement & Pension System now owns 3,315 shares of the construction company’s stock valued at $860,000 after buying an additional 35 shares during the last quarter. Finally, Petros Family Wealth LLC increased its position in Installed Building Products by 4.6% in the 1st quarter. Petros Family Wealth LLC now owns 905 shares of the construction company’s stock worth $240,000 after buying an additional 40 shares during the period. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Installed Building Products

In related news, CFO Michael Miller acquired 990 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were bought at an average cost of $200.62 per share, with a total value of $198,613.80. Following the completion of the acquisition, the chief financial officer owned 34,209 shares of the company’s stock, valued at $6,863,009.58. This trade represents a 2.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Janet Jackson sold 1,086 shares of Installed Building Products stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $237.06, for a total value of $257,447.16. Following the sale, 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 SEC filing for this sale provides additional information. 13.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on IBP. Evercore set a $246.00 price target on Installed Building Products in a report on Friday, August 7th. DA Davidson boosted their target price on shares of Installed Building Products from $242.00 to $250.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. JPMorgan Chase & Co. cut their target price on shares of Installed Building Products from $284.00 to $195.00 and set an “underweight” rating for the company in a research note on Wednesday, May 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Installed Building Products in a research note on Tuesday, August 18th. Finally, Zacks Research raised shares of Installed Building Products from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. 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 data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $249.30.

Installed Building Products Stock Performance

Shares of NYSE IBP opened at $227.88 on Wednesday. The business has a fifty day simple moving average of $234.21 and a 200 day simple moving average of $249.33. The company has a current ratio of 2.98, a quick ratio of 2.41 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $6.06 billion, a price-to-earnings ratio of 24.53, a PEG ratio of 4.47 and a beta of 1.71. Installed Building Products, Inc. has a one year low of $193.11 and a one year high of $349.00.

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 firm had revenue of $777.80 million for the quarter, compared to the consensus estimate of $743.33 million. Installed Building Products had a net margin of 8.46% and a return on equity of 42.12%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.95 earnings per share. Sell-side analysts expect that Installed Building Products, Inc. will post 9.82 EPS for the current year.

Installed Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 15th. Installed Building Products’s dividend payout ratio is 16.79%.

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.