Vontobel Holding Ltd. Invests $512,000 in Installed Building Products, Inc. $IBP

Vontobel Holding Ltd. acquired a new stake in Installed Building Products, Inc. (NYSE:IBP) in the 3rd quarter, Holdings Channel reports. The fund acquired 2,074 shares of the construction company’s stock, valued at approximately $512,000.

Other large investors also recently bought and sold shares of the company. Eminence Capital LP increased its stake in Installed Building Products by 48.5% during the 2nd quarter. Eminence Capital LP now owns 945,101 shares of the construction company’s stock valued at $170,421,000 after purchasing an additional 308,717 shares in the last quarter. Timucuan Asset Management Inc. FL grew its holdings in shares of Installed Building Products by 73.2% during the second quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company’s stock valued at $156,261,000 after buying an additional 366,250 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Installed Building Products by 11.9% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 593,496 shares of the construction company’s stock valued at $107,019,000 after acquiring an additional 63,315 shares during the period. Giverny Capital Inc. raised its stake in Installed Building Products by 1.3% in the 2nd quarter. Giverny Capital Inc. now owns 514,459 shares of the construction company’s stock worth $92,767,000 after acquiring an additional 6,386 shares during the last quarter. Finally, Bamco Inc. NY lifted its position in Installed Building Products by 8.5% during the 2nd quarter. Bamco Inc. NY now owns 481,039 shares of the construction company’s stock worth $86,741,000 after acquiring an additional 37,595 shares during the period. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Analyst Ratings Changes

IBP has been the subject of several research analyst reports. Zacks Research upgraded Installed Building Products from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 28th. Royal Bank Of Canada increased their price target on shares of Installed Building Products from $184.00 to $203.00 and gave the stock an “underperform” rating in a report on Thursday, November 6th. Vertical Research assumed coverage on shares of Installed Building Products in a research note on Monday, October 20th. They set a “sell” rating for the company. Wall Street Zen downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Evercore ISI set a $265.00 price objective on shares of Installed Building Products in a research note on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $226.20.

Installed Building Products Trading Down 0.2%

Installed Building Products stock opened at $266.62 on Tuesday. The firm has a market cap of $7.23 billion, a PE ratio of 28.70, a P/E/G ratio of 4.91 and a beta of 1.90. Installed Building Products, Inc. has a 12 month low of $150.83 and a 12 month high of $293.53. The stock’s 50 day simple moving average is $262.16 and its two-hundred day simple moving average is $241.42. 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 posted its earnings results on Wednesday, November 5th. The construction company reported $3.18 earnings per share for the quarter, beating the consensus estimate of $2.69 by $0.49. Installed Building Products had a net margin of 8.60% and a return on equity of 62.74%. The firm had revenue of $778.20 million during the quarter, compared to analyst estimates of $751.98 million. During the same period in the previous year, the firm earned $2.85 EPS. The business’s quarterly revenue was up 2.3% on a year-over-year basis. Analysts anticipate that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

Installed Building Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, December 15th. Installed Building Products’s dividend payout ratio is presently 15.93%.

Insider Transactions at Installed Building Products

In other Installed Building Products news, insider William Jeffrey Hire sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $251.63, for a total value of $1,258,150.00. Following the sale, the insider directly owned 32,999 shares of the company’s stock, valued at approximately $8,303,538.37. This trade represents a 13.16% 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 hyperlink. Also, Director Michael H. Thomas sold 2,001 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total value of $536,828.28. Following the completion of the sale, the director owned 8,373 shares of the company’s stock, valued at $2,246,308.44. This trade represents a 19.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 16.20% of the stock is owned by company insiders.

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.