Scout Investments Inc. Trims Holdings in Installed Building Products Inc (IBP)

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Scout Investments Inc. lowered its position in Installed Building Products Inc (NYSE:IBP) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,010 shares of the construction company’s stock after selling 400 shares during the quarter. Scout Investments Inc. owned 0.26% of Installed Building Products worth $2,763,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new stake in shares of Installed Building Products in the 2nd quarter worth approximately $196,000. GSA Capital Partners LLP bought a new stake in shares of Installed Building Products in the 3rd quarter worth approximately $219,000. State of Alaska Department of Revenue lifted its position in shares of Installed Building Products by 6.3% in the 4th quarter. State of Alaska Department of Revenue now owns 7,308 shares of the construction company’s stock worth $246,000 after acquiring an additional 433 shares during the period. Jefferies Group LLC bought a new stake in shares of Installed Building Products in the 3rd quarter worth approximately $258,000. Finally, Victory Capital Management Inc. lifted its position in shares of Installed Building Products by 70.8% in the 3rd quarter. Victory Capital Management Inc. now owns 7,312 shares of the construction company’s stock worth $285,000 after acquiring an additional 3,031 shares during the period. Institutional investors own 71.13% of the company’s stock.

In other news, CEO Jeffrey W. Edwards sold 150,000 shares of the stock in a transaction that occurred on Monday, November 5th. The stock was sold at an average price of $34.11, for a total value of $5,116,500.00. Following the completion of the transaction, the chief executive officer now directly owns 300,159 shares of the company’s stock, valued at approximately $10,238,423.49. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 31.10% of the company’s stock.

Shares of IBP opened at $39.27 on Monday. Installed Building Products Inc has a 1 year low of $29.24 and a 1 year high of $75.75. The company has a quick ratio of 2.30, a current ratio of 2.59 and a debt-to-equity ratio of 2.04. The company has a market capitalization of $1.24 billion, a PE ratio of 33.00, a P/E/G ratio of 1.10 and a beta of 1.21.

Installed Building Products (NYSE:IBP) last issued its earnings results on Thursday, November 1st. The construction company reported $0.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.07). Installed Building Products had a return on equity of 29.03% and a net margin of 3.82%. The company had revenue of $349.00 million during the quarter, compared to analyst estimates of $346.39 million. During the same period in the previous year, the company posted $0.57 earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis. As a group, equities research analysts expect that Installed Building Products Inc will post 2.45 earnings per share for the current year.

A number of analysts have commented on IBP shares. ValuEngine downgraded Installed Building Products from a “sell” rating to a “strong sell” rating in a research report on Friday, September 21st. Macquarie started coverage on Installed Building Products in a research report on Wednesday, September 26th. They issued a “hold” rating and a $50.00 price objective for the company. TheStreet downgraded Installed Building Products from a “b” rating to a “c+” rating in a research report on Thursday, October 4th. Credit Suisse Group reissued a “neutral” rating and issued a $40.00 target price on shares of Installed Building Products in a report on Wednesday, October 17th. Finally, Stephens cut Installed Building Products from an “overweight” rating to an “equal weight” rating and set a $37.00 target price for the company. in a report on Thursday, October 18th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $51.18.

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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, shower doors, closet shelving and mirrors, and other products in the continental United States. It offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials.

Further Reading: Investing in Growth Stocks

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

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