Installed Building Products, Inc. (IBP) – What Are Investment Firms Thinking About This Stock?

Installed Building Products, Inc. (NYSE:IBP) has received an average rating of “Hold” from the fourteen analysts that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $234.50.

A number of research analysts recently weighed in on the stock. Wall Street Zen lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Sunday, September 27th. Melius Research initiated coverage on Installed Building Products in a report on Tuesday, October 6th. They issued a “hold” rating and a $217.00 price objective on the stock. The Goldman Sachs Group cut their price objective on Installed Building Products from $297.00 to $257.00 and set a “buy” rating for the company in a research note on Monday. Evercore set a $222.00 price objective on Installed Building Products in a research note on Friday, September 25th. Finally, Royal Bank Of Canada reduced their target price on Installed Building Products from $228.00 to $208.00 and set a “sector perform” rating for the company in a report on Wednesday, October 7th.

Insider Buying and Selling

In related news, Director Janet Jackson sold 1,086 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $237.06, for a total value of $257,447.16. Following the completion of the transaction, the director directly owned 5,142 shares of the company’s stock, valued at approximately $1,218,962.52. This represents a 17.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 13.80% of the company’s stock.

Institutional Investors Weigh In On Installed Building Products

Large investors have recently modified their holdings of the business. Reinhart Partners LLC. acquired a new stake in shares of Installed Building Products in the third quarter valued at about $87,114,000. Monument Capital Management lifted its stake in shares of Installed Building Products by 26.9% in the third quarter. Monument Capital Management now owns 1,445 shares of the construction company’s stock worth $277,000 after buying an additional 306 shares in the last quarter. GAMMA Investing LLC boosted its position in Installed Building Products by 5.6% during the third quarter. GAMMA Investing LLC now owns 1,465 shares of the construction company’s stock worth $281,000 after acquiring an additional 78 shares during the last quarter. Argent Capital Management LLC boosted its position in Installed Building Products by 85.0% during the third quarter. Argent Capital Management LLC now owns 1,833 shares of the construction company’s stock worth $352,000 after acquiring an additional 842 shares during the last quarter. Finally, Anchor Investment Management LLC boosted its position in Installed Building Products by 11.7% during the second quarter. Anchor Investment Management LLC now owns 1,340 shares of the construction company’s stock worth $308,000 after acquiring an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Trading Down 0.1%

Shares of IBP stock opened at $185.16 on Tuesday. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.98 and a quick ratio of 2.41. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 8.26 and a beta of 1.71. The stock has a 50 day simple moving average of $220.20 and a 200-day simple moving average of $232.02. Installed Building Products has a 1-year low of $178.54 and a 1-year high of $349.00.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings data on Thursday, August 6th. The construction company reported $2.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.55 by $0.36. The business had revenue of $777.80 million for the quarter, compared to the consensus estimate of $743.33 million. Installed Building Products had a net margin of 8.46% and a return on equity of 42.12%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $2.95 earnings per share. On average, equities research analysts expect that Installed Building Products will post 9.89 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, September 15th. Installed Building Products’s payout ratio is presently 16.79%.

Installed Building Products Company Profile

Installed Building Products, Inc (NYSE: IBP) is a residential and commercial building-products installation company headquartered in Columbus, Ohio. The company primarily serves homebuilders, contractors and homeowners by providing installation services for products used in new construction, renovation and remodeling projects.

Its core business is insulation installation, including fiberglass, spray foam, cellulose and other insulation products. Installed Building Products also offers installation of complementary building products such as garage doors, gutters, windows, doors, shower enclosures and closet systems, depending on the market.

Founded in 1977, the company has expanded through a network of local operating businesses serving customers across much of the United States.