Installed Building Products, Inc. (NYSE:IBP) Given Average Rating of “Moderate Buy” by Analysts

Installed Building Products, Inc. (NYSE:IBPGet Free Report) has been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $229.30.

Several equities analysts recently weighed in on the company. Truist Financial lifted their target price on Installed Building Products from $200.00 to $235.00 and gave the company a “hold” rating in a research report on Friday, February 23rd. Evercore ISI boosted their price objective on Installed Building Products from $226.00 to $272.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. decreased their target price on shares of Installed Building Products from $242.00 to $227.00 and set a “neutral” rating on the stock in a research note on Monday, May 13th. Benchmark upped their price target on shares of Installed Building Products from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Finally, Royal Bank of Canada raised their price objective on shares of Installed Building Products from $216.00 to $220.00 and gave the company a “sector perform” rating in a research report on Friday, May 10th.

Read Our Latest Stock Analysis on Installed Building Products

Installed Building Products Price Performance

NYSE IBP opened at $209.97 on Friday. The company has a quick ratio of 2.67, a current ratio of 3.18 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $5.97 billion, a P/E ratio of 23.75 and a beta of 1.95. The company has a 50-day moving average price of $230.05 and a 200-day moving average price of $209.95. Installed Building Products has a 52 week low of $106.01 and a 52 week high of $263.76.

Installed Building Products (NYSE:IBPGet Free Report) last announced its earnings results on Thursday, May 9th. The construction company reported $2.37 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.29. The business had revenue of $692.90 million during the quarter, compared to analysts’ expectations of $676.60 million. Installed Building Products had a net margin of 8.90% and a return on equity of 45.41%. Equities research analysts anticipate that Installed Building Products will post 11.2 earnings per share for the current year.

Installed Building Products Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, June 30th. Stockholders of record on Saturday, June 15th will be given a dividend of $0.35 per share. The ex-dividend date is Friday, June 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.67%. Installed Building Products’s payout ratio is 15.84%.

Insider Transactions at Installed Building Products

In related news, CAO Todd R. Fry sold 500 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $233.50, for a total transaction of $116,750.00. Following the completion of the transaction, the chief accounting officer now directly owns 7,176 shares of the company’s stock, valued at $1,675,596. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CAO Todd R. Fry sold 500 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $233.50, for a total transaction of $116,750.00. Following the sale, the chief accounting officer now owns 7,176 shares of the company’s stock, valued at $1,675,596. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Janet E. Jackson sold 2,122 shares of the stock in a transaction on Monday, May 20th. The shares were sold at an average price of $211.65, for a total transaction of $449,121.30. Following the transaction, the director now owns 7,046 shares of the company’s stock, valued at approximately $1,491,285.90. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,622 shares of company stock valued at $1,944,911. 16.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Installed Building Products

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in shares of Installed Building Products by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,641,445 shares of the construction company’s stock worth $683,421,000 after purchasing an additional 18,890 shares during the period. Dimensional Fund Advisors LP lifted its position in Installed Building Products by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 771,089 shares of the construction company’s stock worth $140,974,000 after buying an additional 5,359 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in Installed Building Products by 37.6% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 655,219 shares of the construction company’s stock worth $81,830,000 after buying an additional 179,004 shares during the period. Giverny Capital Inc. increased its position in Installed Building Products by 5.2% during the fourth quarter. Giverny Capital Inc. now owns 455,426 shares of the construction company’s stock valued at $83,261,000 after acquiring an additional 22,528 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Installed Building Products by 4.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 377,741 shares of the construction company’s stock worth $69,058,000 after acquiring an additional 15,220 shares during the last quarter. 99.61% of the stock is owned by institutional investors.

Installed Building Products Company Profile

(Get Free Report

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.

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Analyst Recommendations for Installed Building Products (NYSE:IBP)

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