Rep. David Taylor Buys Installed Building Products, Inc. (NYSE:IBP) Stock

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

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

Installed Building Products Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, March 14th. This is a positive change 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%.

Analysts Set New Price Targets

IBP has been the topic of several research reports. Loop Capital reduced their price target on shares of Installed Building Products from $230.00 to $215.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Evercore ISI downgraded shares of Installed Building Products from an “outperform” rating to an “underperform” rating and lowered their price target for the company from $238.00 to $206.00 in a report on Monday, December 16th. DA Davidson reduced their price objective on Installed Building Products from $260.00 to $225.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Deutsche Bank Aktiengesellschaft started coverage on Installed Building Products in a research note on Tuesday. They issued a “hold” rating and a $183.00 price objective for the company. Finally, The Goldman Sachs Group cut their target price on Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $216.09.

Institutional Trading of Installed Building Products

Institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP lifted its holdings in Installed Building Products by 2.1% during the 4th quarter. Wellington Management Group LLP now owns 143,579 shares of the construction company’s stock valued at $25,162,000 after buying an additional 2,939 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of Installed Building Products during the fourth quarter worth approximately $823,000. Ascent Group LLC raised its stake in shares of Installed Building Products by 18.6% during the fourth quarter. Ascent Group LLC now owns 23,357 shares of the construction company’s stock valued at $4,093,000 after acquiring an additional 3,671 shares in the last quarter. McIlrath & Eck LLC boosted its holdings in shares of Installed Building Products by 32.3% in the fourth quarter. McIlrath & Eck LLC now owns 250 shares of the construction company’s stock valued at $44,000 after purchasing an additional 61 shares during the period. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Installed Building Products in the fourth quarter valued at approximately $90,000. 99.61% of the stock is currently owned by institutional investors.

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.