Bamco Inc. NY Has $109.77 Million Position in Installed Building Products, Inc. $IBP

Bamco Inc. NY lowered its holdings in Installed Building Products, Inc. (NYSE:IBP) by 7.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 423,182 shares of the construction company’s stock after selling 35,000 shares during the quarter. Bamco Inc. NY’s holdings in Installed Building Products were worth $109,769,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its position in shares of Installed Building Products by 26.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,551,161 shares of the construction company’s stock valued at $402,356,000 after acquiring an additional 328,725 shares during the period. TD Asset Management Inc raised its stake in Installed Building Products by 2,169.2% during the 3rd quarter. TD Asset Management Inc now owns 271,938 shares of the construction company’s stock valued at $67,076,000 after purchasing an additional 259,954 shares during the last quarter. Orion Porfolio Solutions LLC boosted its holdings in Installed Building Products by 4,659.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 171,897 shares of the construction company’s stock valued at $30,996,000 after purchasing an additional 168,285 shares during the period. Ameriprise Financial Inc. grew its position in Installed Building Products by 84.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 276,690 shares of the construction company’s stock worth $49,893,000 after purchasing an additional 126,435 shares during the last quarter. Finally, Norges Bank acquired a new stake in Installed Building Products in the 4th quarter worth $32,359,000. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Installed Building Products Price Performance

NYSE:IBP opened at $211.08 on Thursday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.76 and a current ratio of 3.35. The company has a 50-day moving average of $242.32 and a 200-day moving average of $273.21. Installed Building Products, Inc. has a 52 week low of $162.56 and a 52 week high of $349.00. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 22.50, a PEG ratio of 5.38 and a beta of 1.71.

Installed Building Products (NYSE:IBP) last posted its earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share 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 the consensus estimate of $668.92 million. During the same period in the previous year, the firm earned $2.08 EPS. The business’s revenue was down 3.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Installed Building Products, Inc. will post 9.62 earnings per share for the current fiscal year.

Installed Building Products Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, June 15th. Installed Building Products’s payout ratio is presently 16.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Royal Bank Of Canada set a $242.00 price objective on shares of Installed Building Products in a research report on Monday, May 11th. JPMorgan Chase & Co. decreased their target price on Installed Building Products from $284.00 to $195.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 13th. Wall Street Zen lowered Installed Building Products from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Evercore set a $226.00 price objective on Installed Building Products in a research report on Friday, May 8th. Finally, Truist Financial decreased their price objective on Installed Building Products from $250.00 to $200.00 and set a “hold” rating on the stock in a report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $247.67.

Insider Buying and Selling

In related news, COO Brad A. Wheeler acquired 716 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were bought at an average cost of $209.13 per share, with a total value of $149,737.08. Following the completion of the acquisition, the chief operating officer owned 14,988 shares of the company’s stock, valued at $3,134,440.44. This trade represents a 5.02% 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, insider Jason R. Niswonger acquired 455 shares of the firm’s stock in a transaction on Monday, May 11th. The shares were bought at an average cost of $214.80 per share, for a total transaction of $97,734.00. Following the completion of the acquisition, the insider directly owned 17,122 shares of the company’s stock, valued at approximately $3,677,805.60. This represents a 2.73% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 5,036 shares of company stock valued at $1,042,807 over the last ninety days. Company insiders own 13.80% of the company’s stock.

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.