Installed Building Products, Inc. (NYSE:IBP) shares purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC increased its stake in Installed Building Products, Inc. (NYSE:IBP – Free Report) by 32.3% during the first quarter, according to its most recent SEC filing. The fund owned 3,979 shares of the construction company after purchasing an additional 972 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Installed Building Products were worth $1,030,000 at the time of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company recently. NBC Securities Inc. purchased a new stake in Installed Building Products during the 4th quarter worth about $25,000. Russell Investments Group Ltd. increased its position in shares of Installed Building Products by 280.6% in the fourth 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 period. Hexagon Capital Partners LLC increased its holdings in Installed Building Products by 253.7% in the 4th quarter. Hexagon Capital Partners LLC now owns 145 shares of the construction company’s stock worth $27,000 after purchasing an additional 104 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Installed Building Products during the 1st quarter worth about $29,000. Finally, Annapolis Financial Services LLC increased its stake in Installed Building Products by 45.7% in the 4th quarter. Annapolis Financial Services LLC now owns 169 shares of the construction company’s stock worth $31,000 after acquiring an additional 53 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company’s shares.

Insider Buying and Selling at Installed Building Products

In related news, insider Jason R. Niswonger sold 6,000 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were 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 directly owns 13,159 shares of the company’s stock, valued at approximately $3,024,464.56. The sale was disclosed in a document filed with the SEC, which can be accessed at this hyperlink. In other news, insider Jason R. Niswonger sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were 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 directly 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 Securities & Exchange Commission, which is available on the SEC’s website. Also, Director Janet E. Jackson sold 2,122 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $211.65, for a total transaction of $449,121.30. Following the completion of the transaction, the Director now owns 7,046 shares of the company’s stock, valued at approximately $1,491,285.90. The disclosure for this sale can be found here. Company insiders own 16.50% of the company’s stock.

Installed Building Products Price Performance

NYSE IBP opened Friday at $265.43. The stock has a market cap of $7.55 billion, a price/earnings ratio of 30.03 and a beta of 1.93. The company has a debt/equity ratio of 1.25, a quick ratio of 2.67 and a current ratio of 3.18. The company’s 50-day moving average is $216.28 and its 200-day moving average is $222.17. Installed Building Products, Inc. has a 1-year low of $106.01 and a 1-year high of $266.30.

Installed Building Products (NYSE:IBP – Get Free Report) last announced its earnings results on Thursday, May 9th. The construction company reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.29. The company had revenue of $692.90 million for the quarter, compared to analyst estimates of $676.60 million. Installed Building Products had a return on equity of 45.41% and a net margin of 8.90%. On average, analysts predict that Installed Building Products, Inc. will post 11.2 earnings per share for the current fiscal year.

Installed building products reduce dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, June 30th. Shareholders of record on Saturday, June 15th were paid a dividend of $0.35 per share. This represents an annual dividend of $1.40 and a yield of 0.53%. The ex-dividend date was Friday, June 14th. Installed Building Products’ payout ratio is 15.84%.

Wall Street analysts weigh in

Several research analysts have recently issued reports on IBP stock. JPMorgan Chase & Co. lowered their price target on Installed Building Products from $242.00 to $227.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. Benchmark increased their price target on shares of Installed Building Products from $250.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, May 14th. Jefferies Financial Group increased their price target on shares of Installed Building Products from $239.00 to $250.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. The Goldman Sachs Group lowered their price target on shares of Installed Building Products from $300.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Finally, Evercore ISI raised their price target on Installed Building Products from $274.00 to $282.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $245.70.

Get our latest stock report on IBP

About installed building products

(Free Report)

Installed Building Products, Inc., together with its subsidiaries, is engaged in the installation of insulation, waterproofing, fireproofing, fire resistance, garage doors, downpipes, blinds, shower doors, closet shelves and mirrors, and other products in the United States. It operates through the Installation, Distribution, and Manufacturing operating segments.

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Want to know which other hedge funds own IBP? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Installed Building Products, Inc. (NYSE:IBP – Free Report).

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