Installed Building Products, Inc. (NYSE:IBP) Receives Average Recommendation of “Hold” from Analysts

Shares of Installed Building Products, Inc. (NYSE:IBP) have received a consensus recommendation of “Hold” from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $253.70.

Several equities analysts have recently weighed in on IBP shares. Royal Bank of Canada lowered shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and dropped their price objective for the company from $203.00 to $197.00 in a research report on Friday, November 8th. The Goldman Sachs Group increased their price objective on shares of Installed Building Products from $260.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. StockNews.com lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Finally, Truist Financial increased their price objective on shares of Installed Building Products from $235.00 to $240.00 and gave the company a “hold” rating in a research report on Friday, August 2nd.

Installed Building Products Stock Performance

NYSE IBP opened at $228.38 on Friday. The firm has a market capitalization of $6.43 billion, a P/E ratio of 25.38 and a beta of 1.95. The firm’s fifty day moving average price is $229.82 and its two-hundred day moving average price is $222.90. Installed Building Products has a 1 year low of $148.59 and a 1 year high of $281.04. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18.

Installed Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a yield of 0.61%. Installed Building Products’s payout ratio is 15.56%.

Institutional Investors Weigh In On Installed Building Products

A number of large investors have recently bought and sold shares of the company. State Street Corp grew its stake in Installed Building Products by 8.4% during the third quarter. State Street Corp now owns 1,248,515 shares of the construction company’s stock worth $307,472,000 after buying an additional 96,780 shares in the last quarter. FMR LLC grew its stake in Installed Building Products by 61.5% during the third quarter. FMR LLC now owns 965,551 shares of the construction company’s stock worth $237,786,000 after buying an additional 367,628 shares in the last quarter. Geode Capital Management LLC grew its stake in Installed Building Products by 3.9% during the third quarter. Geode Capital Management LLC now owns 623,003 shares of the construction company’s stock worth $153,452,000 after buying an additional 23,179 shares in the last quarter. Swedbank AB grew its stake in Installed Building Products by 11.6% during the second quarter. Swedbank AB now owns 415,000 shares of the construction company’s stock worth $85,357,000 after buying an additional 43,000 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its stake in Installed Building Products by 6.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 329,166 shares of the construction company’s stock worth $81,063,000 after buying an additional 20,155 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors and hedge funds.

About Installed Building Products

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.