Installed Building Products, Inc. (NYSE:IBP) Receives $247.67 Average Target Price from Analysts

Installed Building Products, Inc. (NYSE:IBP) has received an average recommendation of “Reduce” from the fifteen ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $247.6667.

Several research firms have recently commented on IBP. Zacks Research lowered shares of Installed Building Products from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 12th. Royal Bank Of Canada set a $242.00 target price on shares of Installed Building Products in a research note on Monday, May 11th. Truist Financial reduced their target price on shares of Installed Building Products from $250.00 to $200.00 and set a “hold” rating on the stock in a report on Friday, May 8th. Wall Street Zen cut Installed Building Products from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Finally, Weiss Ratings cut shares of Installed Building Products from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, May 21st.

Installed Building Products Price Performance

IBP stock opened at $228.13 on Friday. Installed Building Products has a 1 year low of $182.88 and a 1 year high of $349.00. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.35 and a quick ratio of 2.76. The firm has a market capitalization of $6.15 billion, a PE ratio of 24.32, a price-to-earnings-growth ratio of 5.56 and a beta of 1.69. The business has a 50 day simple moving average of $227.71 and a 200-day simple moving average of $269.49.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings results on Thursday, May 7th. The construction company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.96 by ($0.17). Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The company had revenue of $660.50 million for the quarter, compared to analysts’ expectations of $668.92 million. During the same quarter in the prior year, the firm earned $2.08 EPS. The firm’s revenue was down 3.5% on a year-over-year basis. Equities research analysts anticipate that Installed Building Products will post 9.57 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 15th. Installed Building Products’s dividend payout ratio (DPR) is 16.63%.

Insider Transactions at Installed Building Products

In other Installed Building Products news, CFO Michael Thomas Miller acquired 2,400 shares of the company’s stock in a transaction on Monday, May 11th. The shares were bought at an average cost of $207.82 per share, for a total transaction of $498,768.00. Following the completion of the purchase, the chief financial officer owned 33,219 shares in the company, valued at $6,903,572.58. This trade represents a 7.79% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lawrence A. Hilsheimer purchased 475 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was bought at an average price of $206.22 per share, for a total transaction of $97,954.50. Following the transaction, the director directly owned 28,468 shares in the company, valued at $5,870,670.96. This trade represents a 1.70% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders purchased 5,036 shares of company stock worth $1,042,807. 13.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Installed Building Products by 3.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,130 shares of the construction company’s stock valued at $2,423,000 after purchasing an additional 486 shares during the period. United Services Automobile Association purchased a new position in Installed Building Products in the first quarter valued at about $263,000. Jane Street Group LLC increased its holdings in Installed Building Products by 270.0% in the first quarter. Jane Street Group LLC now owns 17,192 shares of the construction company’s stock valued at $2,948,000 after buying an additional 12,545 shares in the last quarter. Hsbc Holdings PLC lifted its position in shares of Installed Building Products by 5.9% during the 2nd quarter. Hsbc Holdings PLC now owns 1,643 shares of the construction company’s stock valued at $296,000 after acquiring an additional 92 shares during the period. Finally, Jump Financial LLC lifted its position in shares of Installed Building Products by 959.6% during the 2nd quarter. Jump Financial LLC now owns 18,109 shares of the construction company’s stock valued at $3,265,000 after acquiring an additional 16,400 shares during the period. 99.61% of the stock is owned by hedge funds and other institutional investors.

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.