Giverny Capital Inc. Purchases 4,500 Shares of Installed Building Products, Inc. $IBP

Giverny Capital Inc. boosted its position in Installed Building Products, Inc. (NYSE:IBP) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 519,236 shares of the construction company’s stock after acquiring an additional 4,500 shares during the quarter. Installed Building Products accounts for about 4.5% of Giverny Capital Inc.’s holdings, making the stock its 9th biggest holding. Giverny Capital Inc.’s holdings in Installed Building Products were worth $134,685,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. MGO One Seven LLC raised its holdings in Installed Building Products by 3.1% in 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 in the last quarter. Legacy Wealth Asset Management LLC raised its holdings in Installed Building Products by 2.6% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 1,396 shares of the construction company’s stock valued at $362,000 after acquiring an additional 35 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Installed Building Products by 0.5% in the fourth quarter. State of Alaska Department of Revenue now owns 11,533 shares of the construction company’s stock valued at $2,991,000 after acquiring an additional 52 shares in the last quarter. State of Wyoming raised its holdings in Installed Building Products by 5.1% in the second quarter. State of Wyoming now owns 1,101 shares of the construction company’s stock valued at $199,000 after acquiring an additional 53 shares in the last quarter. Finally, Convergence Investment Partners LLC raised its holdings in Installed Building Products by 2.6% in the fourth quarter. Convergence Investment Partners LLC now owns 2,133 shares of the construction company’s stock valued at $553,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Analysts Set New Price Targets

IBP has been the topic of several recent analyst reports. Zacks Research lowered shares of Installed Building Products from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Wells Fargo & Company dropped 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. The Goldman Sachs Group dropped their price target on shares of Installed Building Products from $331.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Vertical Research upgraded shares of Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 price target on the stock in a research note on Friday, February 27th. Finally, Truist Financial dropped their price target on shares of Installed Building Products from $250.00 to $200.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. One analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Installed Building Products currently has a consensus rating of “Reduce” and a consensus target price of $247.67.

Insider Buying and Selling at Installed Building Products

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

Installed Building Products Stock Performance

Shares of Installed Building Products stock opened at $207.09 on Friday. The firm has a market capitalization of $5.58 billion, a P/E ratio of 22.08, a P/E/G ratio of 5.11 and a beta of 1.71. Installed Building Products, Inc. has a 52 week low of $162.56 and a 52 week high of $349.00. The company has a quick ratio of 2.76, a current ratio of 3.35 and a debt-to-equity ratio of 1.56. The firm’s 50 day moving average is $245.65 and its two-hundred day moving average is $274.34.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings results on Thursday, May 7th. The construction company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.96 by ($0.17). The company had revenue of $660.50 million during the quarter, compared to analysts’ expectations of $668.92 million. Installed Building Products had a net margin of 8.65% and a return on equity of 42.28%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.08 earnings per share. Research analysts forecast that Installed Building Products, Inc. will post 9.62 EPS 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. Stockholders of record on Monday, June 15th will be issued 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 payout ratio is presently 16.63%.

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.