Janet E. Jackson Sells 2,122 Shares of Installed Building Products, Inc. (NYSE:IBP) Stock

Installed Building Products, Inc. (NYSE:IBP) Director Janet E. Jackson sold 2,122 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $211.65, for a total value of $449,121.30. Following the transaction, the director now directly owns 7,046 shares in the company, valued at approximately $1,491,285.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Installed Building Products Trading Down 1.8 %

Shares of Installed Building Products stock opened at $207.35 on Thursday. The company has a 50-day moving average of $239.51 and a two-hundred day moving average of $203.83. Installed Building Products, Inc. has a 12-month low of $103.50 and a 12-month high of $263.76. 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 $5.90 billion, a PE ratio of 23.46 and a beta of 1.91.

Installed Building Products (NYSE:IBP) last released its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.45 earnings per share 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%. Installed Building Products’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the business posted $2.34 EPS. On average, research analysts anticipate that Installed Building Products, Inc. will post 11.2 EPS for the current fiscal year.

Installed Building Products Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, June 30th. Stockholders of record on Saturday, June 15th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, June 14th. Installed Building Products’s dividend payout ratio (DPR) is presently 15.84%.

Institutional Investors Weigh In On Installed Building Products

A number of large investors have recently added to or reduced their stakes in IBP. Allspring Global Investments Holdings LLC acquired a new position in Installed Building Products during the first quarter worth about $29,000. Russell Investments Group Ltd. raised its position in shares of Installed Building Products by 280.6% during the 4th quarter. Russell Investments Group Ltd. now owns 137 shares of the construction company’s stock worth $25,000 after purchasing an additional 101 shares during the last quarter. NBC Securities Inc. purchased a new stake in Installed Building Products in the 4th quarter valued at approximately $25,000. Hexagon Capital Partners LLC raised its holdings in shares of Installed Building Products by 253.7% in the fourth quarter. Hexagon Capital Partners LLC now owns 145 shares of the construction company’s stock worth $27,000 after acquiring an additional 104 shares during the last quarter. Finally, Annapolis Financial Services LLC raised 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 worth $31,000 after acquiring an additional 53 shares during the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have weighed in on IBP shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Installed Building Products in a research note on Thursday, February 1st. Loop Capital boosted their price objective on shares of Installed Building Products from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Royal Bank of Canada raised their target price on shares of Installed Building Products from $216.00 to $220.00 and gave the stock a “sector perform” rating in a research note on Friday, May 10th. StockNews.com upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a research note on Friday, February 16th. Finally, Evercore ISI raised their price objective on shares of Installed Building Products from $226.00 to $272.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Installed Building Products presently has a consensus rating of “Moderate Buy” and an average target price of $229.30.

Installed Building Products Company Profile

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.