Findlay Park Amends IBP Stake; Signals Ownership Change

TL;DR

**Findlay Park Partners LLP updated their stake in Installed Building Products, Inc. as of year-end 2023.**

AI Summary

Findlay Park Partners LLP, a London-based investment firm, filed an amendment to their Schedule 13G, indicating a change in their beneficial ownership of Installed Building Products, Inc. common stock as of December 31, 2023. This filing, Amendment No. 3, updates their previous disclosures and is important for investors as it signals a potential shift in a significant institutional holder's position, which could influence market perception and stock performance.

Why It Matters

Changes in institutional ownership can signal confidence or concern in a company's future, potentially impacting stock price and investor sentiment.

Risk Assessment

Risk Level: low — This filing is a routine update on institutional ownership and does not inherently present a high risk to investors.

Analyst Insight

Investors should monitor subsequent 13F filings to see the exact change in Findlay Park Partners LLP's share count and consider if this aligns with their own investment thesis for Installed Building Products, Inc.

Key Players & Entities

• Findlay Park Partners LLP (company) — the reporting person filing the SC 13G/A amendment
• Installed Building Products, Inc. (company) — the issuer whose common stock is being reported on
• December 31, 2023 (date) — the date of the event requiring this filing
• England and Wales (company) — place of organization for Findlay Park Partners LLP

Forward-Looking Statements

• Findlay Park Partners LLP will continue to be a significant institutional holder of Installed Building Products, Inc. common stock. (Findlay Park Partners LLP) — medium confidence, target: 2024-12-31

FAQ

Key Financial Figures

• $0.01 — ecurities: Common Stock, par value of $0.01 per share Item 2(e). CUSIP Number:

Filing Documents

• ibp13ga4q2022.htm (SC 13G/A) — 105KB
• 0000945621-24-000134.txt ( ) — 107KB

(a)

Item 1(a). Name of Issuer: Installed Building Products, Inc.

(b)

Item 1(b). Address of Issuer's Principal Executive Offices: 495 South High Street, Suite 50 Columbus, OH 43215

(a)

Item 2(a). Name of Persons Filing: This Schedule 13G is being jointly filed by Findlay Park Partners LLP (the "Manager"), a limited liability partnership organized under the laws of England and Wales and Findlay Park American Fund (the "American Fund"), a sub-fund of Findlay Park Funds ICAV, an Irish collective asset-management vehicle incorporated in Ireland with respect to the ownership of shares of Common Stock par value $.01 per share of the Issuer ("Common Stock") by the American Fund.

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: The address of the principal business office of the Manager is: 2nd Floor, 16 New Burlington Place London, W1S 2HX United Kingdom The address of the principal business office of the American Fund is: Riverside One Sir John Rogerson's Quay Dublin 2 D02 X576 Ireland

(c)

Item 2(c). Citizenship: The Manager is a limited liability partnership organized under the laws of England and Wales. The American Fund is a sub-fund of an Irish collective asset-management vehicle incorporated in Ireland.

(d)

Item 2(d). Title of Class of Securities: Common Stock, par value of $0.01 per share

(e)

Item 2(e). CUSIP Number: 45780R101 Item 3. If This Statement Is Filed Pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing Is a(n): (a) Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) Investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E); (f) Employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F); (g) Parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G); (h) Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with Section 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________________________ . Item 4. Provide the following information regarding the aggregate number and percentage of the class of securiteis of the Issuer identified in Item 1. A. Findlay Park Partners LLP (a) Amount beneficially owned: 0 (b) Percent of class: 0 (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: (iv) Shared power to dispose or to direct the disposition of: 0 B. Findlay Park Funds ICAV - Findlay Park American Fund (a) Amount beneficially own

View Full Filing

View this SC 13G/A filing on SEC EDGAR