Installed Building Products (NYSE:IBP) Shares Acquired Rep. David Taylor

Representative David Taylor (R-Ohio) recently bought shares of Installed Building Products, Inc. (NYSE:IBP). In a filing disclosed on April 03rd, the Representative disclosed that they had bought between $1,001 and $15,000 in Installed Building Products stock on February 5th. The trade occurred in the Representative's "DAVID TAYLOR TRUST > SCHWAB JOINT BROKERAGE #1 (HOME GROWN)" account.

Representative David Taylor also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 3/27/2025.
• Purchased $1,001 - $15,000 in shares of Parker-Hannifin NYSE: PH on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of JPMorgan Chase & Co. NYSE: JPM on 3/10/2025.
• Purchased $1,001 - $15,000 in shares of Eaton NYSE: ETN on 3/10/2025.
• Sold $1,001 - $15,000 in shares of American Electric Power NASDAQ: AEP on 3/10/2025.
• Sold $1,001 - $15,000 in shares of AT&T NYSE: T on 3/10/2025.
• Sold $1,001 - $15,000 in shares of J. M. Smucker NYSE: SJM on 2/20/2025.
• Purchased $1,001 - $15,000 in shares of Kroger NYSE: KR on 2/20/2025.
• Purchased $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 2/10/2025.
• Purchased $1,001 - $15,000 in shares of J. M. Smucker NYSE: SJM on 2/10/2025.

Installed Building Products Stock Up 9.9 %

Shares of NYSE IBP traded up $15.58 during mid-day trading on Wednesday, hitting $173.24. 673,126 shares of the stock traded hands, compared to its average volume of 331,128. The stock has a fifty day moving average price of $175.17 and a 200-day moving average price of $199.36. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 19.25 and a beta of 1.84. Installed Building Products, Inc. has a 52 week low of $147.63 and a 52 week high of $281.04.

Installed Building Products Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a $0.37 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.48 annualized dividend and a dividend yield of 0.85%. This is a positive change from Installed Building Products's previous quarterly dividend of $0.35. Installed Building Products's dividend payout ratio is currently 16.26%.

Analyst Ratings Changes

IBP has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Installed Building Products in a research report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 target price on the stock. Loop Capital decreased their target price on shares of Installed Building Products from $230.00 to $215.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Seaport Res Ptn cut Installed Building Products from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. The Goldman Sachs Group reduced their price objective on Installed Building Products from $262.00 to $228.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Finally, Evercore ISI downgraded Installed Building Products from an "outperform" rating to an "underperform" rating and dropped their target price for the stock from $238.00 to $206.00 in a report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $216.09.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IBP. Townsquare Capital LLC bought a new stake in Installed Building Products in the 3rd quarter worth about $247,000. Glenmede Trust Co. NA purchased a new stake in shares of Installed Building Products during the 3rd quarter valued at about $627,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Installed Building Products by 8.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,772 shares of the construction company's stock worth $2,653,000 after acquiring an additional 805 shares during the period. Walleye Capital LLC grew its stake in shares of Installed Building Products by 161.7% in the third quarter. Walleye Capital LLC now owns 1,708 shares of the construction company's stock worth $421,000 after acquiring an additional 4,478 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in Installed Building Products by 11.0% in the third quarter. Captrust Financial Advisors now owns 5,886 shares of the construction company's stock worth $1,450,000 after purchasing an additional 582 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company's stock.

About Representative Taylor

David Taylor (Republican Party) is a member of the U.S. House, representing Ohio's 2nd Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Taylor (Republican Party) ran for election to the U.S. House to represent Ohio's 2nd Congressional District. He won in the general election on November 5, 2024. David Taylor graduated from Amelia High School. Taylor earned degrees from Miami University (Ohio) and the University of Dayton School of Law. Taylor's career experience includes working as an attorney and as a businessman at Sardinia Ready Mix, Inc.

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, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.