Rep. David Taylor Purchases Shares of Installed Building Products, Inc. (NYSE:IBP)

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 Performance

Installed Building Products stock opened at $173.19 on Friday. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The company has a market cap of $4.81 billion, a PE ratio of 19.24 and a beta of 2.05. The company’s 50-day moving average is $177.57 and its two-hundred day moving average is $201.31. Installed Building Products, Inc. has a 1 year low of $157.93 and a 1 year high of $281.04.

Installed Building Products Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Installed Building Products’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a yield of 0.85%. Installed Building Products’s dividend payout ratio is presently 16.26%.

Hedge Funds Weigh In On Installed Building Products

A number of large investors have recently bought and sold shares of the company. Arizona State Retirement System boosted its holdings in Installed Building Products by 0.8% during the fourth quarter. Arizona State Retirement System now owns 6,966 shares of the construction company’s stock worth $1,221,000 after purchasing an additional 56 shares during the last quarter. McIlrath & Eck LLC grew its holdings in shares of Installed Building Products by 32.3% in the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company’s stock valued at $44,000 after acquiring an additional 61 shares in the last quarter. Dana Investment Advisors Inc. increased its position in shares of Installed Building Products by 0.9% in the fourth quarter. Dana Investment Advisors Inc. now owns 7,778 shares of the construction company’s stock valued at $1,363,000 after acquiring an additional 71 shares during the last quarter. State of Wyoming grew its stake in Installed Building Products by 10.1% in the fourth quarter. State of Wyoming now owns 840 shares of the construction company’s stock valued at $147,000 after purchasing an additional 77 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its position in shares of Installed Building Products by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,507 shares of the construction company’s stock worth $439,000 after purchasing an additional 79 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on IBP shares. DA Davidson cut their price objective on shares of Installed Building Products from $260.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Loop Capital cut their price target on Installed Building Products from $230.00 to $215.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Truist Financial dropped their price objective on Installed Building Products from $240.00 to $180.00 and set a “hold” rating for the company in a report on Monday, March 3rd. Benchmark reduced their target price on Installed Building Products from $250.00 to $210.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Finally, The Goldman Sachs Group reduced their target price on Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Installed Building Products has a consensus rating of “Hold” and an average price target of $216.09.

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.

About Installed Building Products

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.