Installed Building Products, Inc. (IBP) Shares Bought by Mason Street Advisors LLC

Mason Street Advisors LLC increased its position in shares of Installed Building Products, Inc. (NYSE:IBP) by 8.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,680 shares of the construction company’s stock after buying an additional 345 shares during the period. Mason Street Advisors LLC’s holdings in Installed Building Products were worth $247,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in IBP. State of Alaska Department of Revenue increased its stake in Installed Building Products by 2.8% in the first quarter. State of Alaska Department of Revenue now owns 2,210 shares of the construction company’s stock worth $116,000 after buying an additional 60 shares during the period. State Board of Administration of Florida Retirement System bought a new stake in Installed Building Products during the fourth quarter worth about $226,000. LS Investment Advisors LLC increased its stake in Installed Building Products by 508.7% in the first quarter. LS Investment Advisors LLC now owns 4,535 shares of the construction company’s stock worth $239,000 after buying an additional 3,790 shares during the period. Budros Ruhlin & Roe Inc. bought a new stake in Installed Building Products during the first quarter worth about $240,000. Finally, Campbell Newman Asset Management Inc. increased its stake in Installed Building Products by 13.8% in the first quarter. Campbell Newman Asset Management Inc. now owns 6,075 shares of the construction company’s stock worth $320,000 after buying an additional 735 shares during the period. 64.52% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Installed Building Products (NYSE:IBP)

Installed Building Products, Inc. (IBP) opened at 54.00 on Friday. The firm has a market cap of $1.71 billion, a PE ratio of 43.58 and a beta of 0.82. Installed Building Products, Inc. has a one year low of $30.16 and a one year high of $55.45. The company has a 50 day moving average of $50.50 and a 200-day moving average of $47.01.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings results on Friday, May 5th. The construction company reported $0.35 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.03. Installed Building Products had a net margin of 4.21% and a return on equity of 26.42%. The firm had revenue of $255.70 million for the quarter, compared to analyst estimates of $236.19 million. During the same quarter last year, the firm posted $0.21 earnings per share. Installed Building Products’s revenue for the quarter was up 33.4% compared to the same quarter last year. On average, equities research analysts predict that Installed Building Products, Inc. will post $2.23 earnings per share for the current year.

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A number of research firms have recently issued reports on IBP. Zacks Investment Research downgraded shares of Installed Building Products from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 11th. Royal Bank Of Canada boosted their price target on shares of Installed Building Products from $53.00 to $61.00 and gave the company an “outperform” rating in a research note on Monday, May 8th. Credit Suisse Group began coverage on shares of Installed Building Products in a research note on Thursday. They issued an “outperform” rating and a $61.00 price target on the stock. BidaskClub raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Finally, Seaport Global Securities boosted their price target on shares of Installed Building Products from $55.00 to $61.00 and gave the company a “buy” rating in a research note on Monday, May 8th. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $52.80.

In related news, CEO Jeffrey W. Edwards sold 600,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $52.50, for a total value of $31,500,000.00. Following the transaction, the chief executive officer now owns 504,800 shares in the company, valued at $26,502,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Margot Lebenberg Carter sold 2,198 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $52.00, for a total transaction of $114,296.00. Following the completion of the transaction, the director now owns 8,761 shares in the company, valued at approximately $455,572. The disclosure for this sale can be found here. Insiders sold 609,698 shares of company stock worth $32,010,429 in the last 90 days. 32.90% of the stock is currently owned by insiders.

About Installed Building Products

Installed Building Products, Inc is a holding company. The Company is a residential insulation installer in the United States. As of December 31, 2016, the Company’s national platform included over 100 locations accessing customers in 48 continental states and the District of Columbia. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors, which provides cross-selling opportunities to supplement the insulation installation business.

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