Mirabella Financial Services LLP Grows Position in Installed Building Products, Inc. $IBP

Mirabella Financial Services LLP grew its holdings in Installed Building Products, Inc. (NYSE:IBP) by 180.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,488 shares of the construction company’s stock after buying an additional 4,817 shares during the period. Mirabella Financial Services LLP’s holdings in Installed Building Products were worth $1,844,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Danske Bank A S acquired a new position in Installed Building Products during the third quarter worth about $25,000. NewEdge Advisors LLC grew its stake in Installed Building Products by 5,000.0% during the 3rd quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Installed Building Products in the 3rd quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. lifted its stake in Installed Building Products by 700.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock worth $37,000 after purchasing an additional 133 shares in the last quarter. Finally, Salomon & Ludwin LLC purchased a new position in Installed Building Products in the 3rd quarter worth approximately $42,000. 99.61% of the stock is owned by hedge funds and other institutional investors.

Installed Building Products Stock Performance

Shares of IBP stock opened at $272.33 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.44 and a current ratio of 3.03. The firm has a market cap of $7.35 billion, a P/E ratio of 27.99, a P/E/G ratio of 3.90 and a beta of 1.90. The firm’s 50 day moving average price is $309.13 and its 200-day moving average price is $277.07. Installed Building Products, Inc. has a one year low of $150.83 and a one year high of $349.00.

Installed Building Products (NYSE:IBP) last posted its earnings results on Thursday, February 26th. The construction company reported $3.24 earnings per share for the quarter, beating the consensus estimate of $2.83 by $0.41. Installed Building Products had a net margin of 8.93% and a return on equity of 43.71%. The firm had revenue of $747.50 million during the quarter, compared to the consensus estimate of $738.97 million. During the same quarter last year, the firm earned $2.88 EPS. The firm’s revenue for the quarter was down .4% on a year-over-year basis. As a group, equities research analysts predict that Installed Building Products, Inc. will post 10.66 EPS for the current year.

Installed Building Products Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be paid a $1.80 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a dividend yield of 63.0%. Installed Building Products’s payout ratio is presently 16.03%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on IBP. Zacks Research lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Royal Bank Of Canada lifted their price objective on Installed Building Products from $203.00 to $255.00 and gave the stock an “underperform” rating in a research report on Friday, February 27th. Wall Street Zen lowered Installed Building Products from a “buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Jefferies Financial Group upped their target price on Installed Building Products from $230.00 to $259.00 and gave the company a “hold” rating in a report on Monday, December 15th. Finally, Benchmark downgraded Installed Building Products from a “buy” rating to a “hold” rating in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $257.73.

Insider Buying and Selling at Installed Building Products

In related news, CEO Jeffrey W. Edwards sold 400,000 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $314.06, for a total transaction of $125,624,000.00. Following the transaction, the chief executive officer owned 1,727,819 shares of the company’s stock, valued at approximately $542,638,835.14. This represents a 18.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Janet E. Jackson sold 1,410 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $293.31, for a total value of $413,567.10. Following the transaction, the director directly owned 5,373 shares in the company, valued at approximately $1,575,954.63. The trade was a 20.79% decrease in their position. The disclosure for this sale is available in the SEC filing. 16.20% of the stock is currently owned by insiders.

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.