Installed Building Products Inc. (IBP)

National Bank of Canada FI Decreases Stake in Installed Building Products, Inc. (NYSE:IBP)

National Bank of Canada FI lessened its stake in shares of Installed Building Products, Inc. (NYSE:IBP – Free Report) by 91.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 164 shares of the construction company’s stock after selling 1,696 shares during the period. National Bank of Canada FI’s holdings in Installed Building Products were worth $30,000 at the end of the most recent reporting period. Several other large investors also recently bought and sold shares of the stock. Russell Investments Group Ltd. grew its holdings in shares of Installed Building Products by 280.6% during the fourth quarter. Russell Investments Group Ltd. now owns 137 shares of the construction company’s stock valued at $25,000 after buying an additional 101 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in Installed Building Products by 253.7% during the 4th quarter. Hexagon Capital Partners LLC now owns 145 shares of the construction company’s stock valued at $27,000 after purchasing an additional 104 shares during the last quarter. Annapolis Financial Services LLC increased its holdings in shares of Installed Building Products by 45.7% in the fourth quarter. Annapolis Financial Services LLC now owns 169 shares of the construction company’s stock valued at $31,000 after purchasing an additional 53 shares during the period. Benjamin F. Edwards & Company Inc. purchased a new position in shares of Installed Building Products in the fourth quarter worth about $32,000. Finally, McGlone Suttner Wealth Management Inc. acquired a new stake in shares of Installed Building Products during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 99.61% of the company’s stock. Insider Transactions at Installed Building Products In related news, insider Jason R. Niswonger sold 6,000 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $229.84, for a total value of $1,379,040.00. Following the completion of the sale, the insider now owns 13,159 shares of the company’s stock, valued at $3,024,464.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CAO Todd R. Fry sold 500 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $233.50, for a total transaction of $116,750.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,176 shares in the company, valued at approximately $1,675,596. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jason R. Niswonger sold 6,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $229.84, for a total value of $1,379,040.00. Following the sale, the insider now directly owns 13,159 shares of the company’s stock, valued at $3,024,464.56. The disclosure for this sale can be found here. Insiders have sold a total of 12,619 shares of company stock worth $2,985,772 in the last ninety days. Insiders own 16.50% of the company’s stock. Analysts Set New Price Targets A number of research firms have issued reports on IBP. Truist Financial raised their price target on shares of Installed Building Products from $200.00 to $235.00 and gave the stock a “hold” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. decreased their target price on shares of Installed Building Products from $242.00 to $227.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. Evercore ISI upped their price target on shares of Installed Building Products from $226.00 to $272.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Benchmark lifted their price objective on Installed Building Products from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Installed Building Products in a research note on Thursday, February 1st. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Installed Building Products currently has a consensus rating of “Moderate Buy” and a consensus price target of $229.30. Get Our Latest Research Report on Installed Building Products Installed Building Products Trading Down 2.4 % IBP stock opened at $211.83 on Monday. Installed Building Products, Inc. has a 12-month low of $103.50 and a 12-month high of $263.76. The business’s 50-day moving average is $241.25 and its 200 day moving average is $202.53. The company has a current ratio of 3.18, a quick ratio of 2.67 and a debt-to-equity ratio of 1.25. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 23.96 and a beta of 1.91. Installed Building Products (NYSE:IBP – Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.42 by $0.03. The firm had revenue of $720.70 million during the quarter, compared to the consensus estimate of $688.59 million. Installed Building Products had a return on equity of 45.41% and a net margin of 8.90%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.34 EPS. On average, sell-side analysts anticipate that Installed Building Products, Inc. will post 11.2 EPS for the current fiscal year. Installed Building Products Cuts Dividend The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 30th. Shareholders of record on Saturday, June 15th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Friday, June 14th. Installed Building Products’s dividend payout ratio (DPR) is 15.84%. About Installed Building Products (Free Report) Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments. 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