Installed Building Products, Inc. $IBP Shares Purchased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. increased its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 52.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 355,211 shares of the construction company’s stock after acquiring an additional 122,561 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Installed Building Products were worth $92,138,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of IBP. Danske Bank A S purchased a new position in Installed Building Products during the third quarter worth approximately $25,000. NewEdge Advisors LLC raised its stake in Installed Building Products by 5,000.0% during the third quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock worth $25,000 after purchasing an additional 100 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in Installed Building Products during the third quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. raised its stake in Installed Building Products by 700.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock worth $37,000 after purchasing an additional 133 shares during the period. Finally, Eagle Bay Advisors LLC purchased a new position in Installed Building Products during the fourth quarter worth approximately $43,000. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Insider Buying and Selling at Installed Building Products

In other Installed Building Products news, Director Lawrence A. Hilsheimer bought 475 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were acquired at an average price of $206.22 per share, with a total value of $97,954.50. Following the purchase, the director owned 28,468 shares in the company, valued at approximately $5,870,670.96. The trade was a 1.70% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Thomas Miller bought 2,400 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of $207.82 per share, for a total transaction of $498,768.00. Following the purchase, the chief financial officer owned 33,219 shares in the company, valued at approximately $6,903,572.58. This trade represents a 7.79% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders acquired 4,046 shares of company stock worth $844,194. 13.80% of the stock is currently owned by insiders.

Installed Building Products Stock Performance

Shares of IBP stock opened at $206.11 on Wednesday. The company’s fifty day simple moving average is $249.36 and its 200-day simple moving average is $275.52. Installed Building Products, Inc. has a 52 week low of $162.56 and a 52 week high of $349.00. The company has a current ratio of 3.35, a quick ratio of 2.76 and a debt-to-equity ratio of 1.56. The company has a market cap of $5.55 billion, a PE ratio of 21.97, a P/E/G ratio of 4.94 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 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.17). Installed Building Products had a net margin of 8.65% and a return on equity of 42.28%. The business had revenue of $660.50 million during the quarter, compared to analysts’ expectations of $668.92 million. During the same period in the prior year, the business posted $2.08 EPS. The business’s revenue was down 3.5% on a year-over-year basis. As a group, equities research analysts anticipate that Installed Building Products, Inc. will post 9.62 EPS for the current year.

Installed Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Monday, June 15th. Installed Building Products’s dividend payout ratio (DPR) is currently 16.63%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on IBP shares. Wells Fargo & Company cut their price target on shares of Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. JPMorgan Chase & Co. cut their price target on shares of Installed Building Products from $284.00 to $195.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 13th. Stephens cut their price target on shares of Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. Royal Bank Of Canada set a $242.00 price target on shares of Installed Building Products in a research note on Monday, May 11th. Finally, Wall Street Zen downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. One research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $247.67.

Installed Building Products 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.