Brokerages Set Installed Building Products, Inc. (NYSE:IBP) PT at $239.45

Installed Building Products, Inc. (NYSE:IBP) has been given a consensus rating of “Reduce” by the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $239.4545.

Several equities research analysts have recently weighed in on the company. Wall Street Zen cut Installed Building Products from a “buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Jefferies Financial Group boosted 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. Royal Bank Of Canada increased their price target on shares of Installed Building Products from $184.00 to $203.00 and gave the company an “underperform” rating in a report on Thursday, November 6th. Zacks Research lowered shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Finally, Evercore set a $265.00 price objective on shares of Installed Building Products in a report on Thursday, November 6th.

Hedge Funds Weigh In On Installed Building Products

Several large investors have recently added to or reduced their stakes in IBP. Price T Rowe Associates Inc. MD lifted its position in shares of Installed Building Products by 26.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,551,161 shares of the construction company’s stock worth $402,356,000 after acquiring an additional 328,725 shares during the period. Eminence Capital LP raised its stake in shares of Installed Building Products by 48.5% in the second quarter. Eminence Capital LP now owns 945,101 shares of the construction company’s stock valued at $170,421,000 after purchasing an additional 308,717 shares in the last quarter. Timucuan Asset Management Inc. FL lifted its position in 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 worth $156,261,000 after purchasing an additional 366,250 shares during the period. Giverny Capital Inc. boosted its stake in Installed Building Products by 0.9% during the fourth quarter. Giverny Capital Inc. now owns 519,236 shares of the construction company’s stock worth $134,685,000 after buying an additional 4,500 shares in the last quarter. Finally, Bamco Inc. NY boosted its stake in Installed Building Products by 8.5% during the second quarter. Bamco Inc. NY now owns 481,039 shares of the construction company’s stock worth $86,741,000 after buying an additional 37,595 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Trading Down 5.9%

Installed Building Products stock opened at $301.24 on Monday. Installed Building Products has a 52 week low of $150.83 and a 52 week high of $349.00. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.28 and a current ratio of 2.78. The firm has a market capitalization of $8.17 billion, a PE ratio of 32.43, a PEG ratio of 7.46 and a beta of 1.92. The business’s 50-day simple moving average is $298.30 and its 200-day simple moving average is $273.42.

About Installed Building Products

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.