Installed Building Products (NYSE:IBP) Shares Gap Down – Time to Sell?

Installed Building Products, Inc. (NYSE:IBP) gapped down prior to trading on Friday . The stock had previously closed at $170.37, but opened at $166.02. Installed Building Products shares last traded at $167.48, with a volume of 12,171 shares changing hands.

Analyst Ratings Changes

Several brokerages recently issued reports on IBP. Benchmark lowered their target price on Installed Building Products from $250.00 to $210.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. The Goldman Sachs Group dropped their price target on Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft started coverage on Installed Building Products in a research note on Tuesday, April 1st. They issued a “hold” rating and a $183.00 price objective for the company. DA Davidson lowered their target price on Installed Building Products from $260.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Finally, Evercore ISI downgraded shares of Installed Building Products from an “outperform” rating to an “underperform” rating and reduced their price target for the company from $238.00 to $206.00 in a research report on Monday, December 16th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $216.09.

Installed Building Products Price Performance

The business’s fifty day moving average is $173.17 and its 200-day moving average is $197.71. The firm has a market cap of $4.66 billion, a PE ratio of 18.65 and a beta of 1.84. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50.

Installed Building Products Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date was Friday, March 14th. This is a positive change from Installed Building Products’s previous quarterly dividend of $0.35. Installed Building Products’s dividend payout ratio (DPR) is currently 16.26%.

Hedge Funds Weigh In On Installed Building Products

Several hedge funds have recently made changes to their positions in IBP. Curio Wealth LLC purchased a new position in Installed Building Products in the fourth quarter worth $30,000. McIlrath & Eck LLC raised its holdings in Installed Building Products by 32.3% in the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company’s stock worth $44,000 after acquiring an additional 61 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Installed Building Products by 295.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company’s stock worth $64,000 after buying an additional 272 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new stake in Installed Building Products in the 4th quarter worth approximately $90,000. Finally, Headlands Technologies LLC boosted its position in Installed Building Products by 819.0% in the fourth quarter. Headlands Technologies LLC now owns 726 shares of the construction company’s stock worth $127,000 after purchasing an additional 647 shares during the last quarter. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Installed Building Products Company Profile

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.