OneDigital Investment Advisors LLC Makes New $886,000 Investment in Installed Building Products, Inc. $IBP

OneDigital Investment Advisors LLC acquired a new stake in shares of Installed Building Products, Inc. (NYSE:IBP) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 3,855 shares of the construction company’s stock, valued at approximately $886,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Installed Building Products by 3.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,130 shares of the construction company’s stock valued at $2,423,000 after acquiring an additional 486 shares during the last quarter. United Services Automobile Association purchased a new position in shares of Installed Building Products during the first quarter valued at approximately $263,000. Jane Street Group LLC lifted its position in Installed Building Products by 270.0% during the first quarter. Jane Street Group LLC now owns 17,192 shares of the construction company’s stock valued at $2,948,000 after purchasing an additional 12,545 shares during the period. Hsbc Holdings PLC lifted its position in Installed Building Products by 5.9% during the second quarter. Hsbc Holdings PLC now owns 1,643 shares of the construction company’s stock valued at $296,000 after purchasing an additional 92 shares during the period. Finally, Jump Financial LLC boosted its holdings in Installed Building Products by 959.6% in the second quarter. Jump Financial LLC now owns 18,109 shares of the construction company’s stock worth $3,265,000 after purchasing an additional 16,400 shares during the last quarter. 99.61% of the stock is currently owned by institutional investors.

Installed Building Products Stock Performance

IBP opened at $243.40 on Tuesday. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 26.20, a PEG ratio of 4.53 and a beta of 1.70. The company has a fifty day moving average of $226.01 and a 200 day moving average of $258.20. Installed Building Products, Inc. has a fifty-two week low of $193.11 and a fifty-two week high of $349.00. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.41 and a current ratio of 2.98.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings results on Thursday, August 6th. The construction company reported $2.91 EPS for the quarter, topping the consensus estimate of $2.55 by $0.36. Installed Building Products had a net margin of 8.46% and a return on equity of 42.12%. The business had revenue of $777.80 million for the quarter, compared to analysts’ expectations of $743.33 million. During the same quarter in the previous year, the company earned $2.95 EPS. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Installed Building Products, Inc. will post 9.78 earnings per share for the current fiscal year.

Installed Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 15th. Installed Building Products’s payout ratio is currently 16.79%.

Insider Activity at Installed Building Products

In other news, CFO Michael Thomas Miller purchased 990 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average cost of $200.62 per share, with a total value of $198,613.80. Following the completion of the purchase, the chief financial officer owned 34,209 shares in the company, valued at approximately $6,863,009.58. This represents a 2.98% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 13.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on IBP shares. Royal Bank Of Canada set a $242.00 price target on Installed Building Products in a research note on Monday, May 11th. JPMorgan Chase & Co. lowered their price objective on shares of Installed Building Products from $284.00 to $195.00 and set an “underweight” rating on the stock in a research note on Wednesday, May 13th. Evercore set a $246.00 price objective on shares of Installed Building Products in a report on Friday, August 7th. Wells Fargo & Company cut their target price on shares of Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. Finally, Truist Financial reduced their target price on shares of Installed Building Products from $250.00 to $200.00 and set a “hold” rating for the company in a report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Installed Building Products currently has an average rating of “Hold” and an average price target of $249.30.

About Installed Building Products

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.