Installed Building Products (NYSE:IBP) Shares Gap Down – Should You Sell?

Installed Building Products, Inc. (NYSE:IBP)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $302.97, but opened at $290.93. Installed Building Products shares last traded at $307.2750, with a volume of 53,644 shares.

Analysts Set New Price Targets

Several equities analysts have commented on IBP shares. Vertical Research started coverage on Installed Building Products in a report on Monday, October 20th. They set a “sell” rating on the stock. Jefferies Financial Group increased their target price on shares of Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a research report on Monday, December 15th. Wall Street Zen raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a research note on Saturday. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $245.00 price target on shares of Installed Building Products in a research note on Tuesday. Finally, Evercore ISI set a $265.00 target price on Installed Building Products in a research note on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $227.91.

Installed Building Products Stock Performance

The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 1.25. The company has a market cap of $8.36 billion, a PE ratio of 33.17, a PEG ratio of 5.47 and a beta of 1.91. The company has a 50-day moving average of $264.59 and a 200-day moving average of $248.62.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings results on Wednesday, November 5th. The construction company reported $3.18 EPS for the quarter, beating analysts’ consensus estimates of $2.69 by $0.49. Installed Building Products had a return on equity of 62.74% and a net margin of 8.60%.The firm had revenue of $778.20 million for the quarter, compared to analysts’ expectations of $751.98 million. During the same quarter in the prior year, the firm earned $2.85 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, analysts anticipate that Installed Building Products, Inc. will post 10.66 earnings per share for the current year.

Installed Building Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 15th. Installed Building Products’s payout ratio is currently 15.93%.

Insider Activity at Installed Building Products

In other Installed Building Products news, Director Michael H. Thomas sold 2,001 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total transaction of $536,828.28. Following the completion of the sale, the director directly owned 8,373 shares in the company, valued at $2,246,308.44. The trade was a 19.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William Jeffrey Hire sold 5,000 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $251.63, for a total transaction of $1,258,150.00. Following the completion of the sale, the insider directly owned 32,999 shares of the company’s stock, valued at approximately $8,303,538.37. This trade represents a 13.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 16.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Timucuan Asset Management Inc. FL increased its holdings in shares of Installed Building Products by 73.2% in the second quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company’s stock valued at $156,261,000 after purchasing an additional 366,250 shares during the period. Eminence Capital LP grew its stake in Installed Building Products by 48.5% during the 2nd quarter. Eminence Capital LP now owns 945,101 shares of the construction company’s stock valued at $170,421,000 after acquiring an additional 308,717 shares in the last quarter. TD Asset Management Inc lifted its position in Installed Building Products by 2,169.2% during the third quarter. TD Asset Management Inc now owns 271,938 shares of the construction company’s stock worth $67,076,000 after buying an additional 259,954 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Installed Building Products by 190.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 302,292 shares of the construction company’s stock valued at $51,831,000 after purchasing an additional 198,391 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of Installed Building Products by 1,897.8% during the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 177,800 shares of the construction company’s stock worth $32,061,000 after buying an additional 168,900 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Company Profile

Installed Building Products, Inc (NYSE: IBP) is a leading national installer of specialty building products serving the U.S. residential construction market. The company partners with homebuilders and contractors to deliver a comprehensive range of interior and exterior finishing services, including insulation, drywall finishing, protective coatings and basement waterproofing systems. By offering a single-source solution, Installed Building Products helps streamline project coordination and ensures consistent service quality across multiple trades.

Founded in 1977 and headquartered in Columbus, Ohio, Installed Building Products has expanded from a regional insulation installer into a nationwide platform operating in nearly every state.