DA Davidson Has Bullish Estimate for IBP FY2025 Earnings

Installed Building Products, Inc. (NYSE:IBP) – Equities research analysts at DA Davidson increased their FY2025 earnings per share estimates for Installed Building Products in a research note issued to investors on Wednesday, August 13th. DA Davidson analyst K. Yinger now forecasts that the construction company will earn $9.67 per share for the year, up from their prior estimate of $9.35. DA Davidson currently has a “Neutral” rating and a $252.00 target price on the stock. The consensus estimate for Installed Building Products’ current full-year earnings is $10.66 per share.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings data on Thursday, August 7th. The construction company reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.50. The business had revenue of $760.30 million for the quarter, compared to analyst estimates of $711.37 million. Installed Building Products had a return on equity of 60.27% and a net margin of 8.45%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.84 earnings per share.

A number of other brokerages also recently commented on IBP. Benchmark lowered their target price on Installed Building Products from $210.00 to $185.00 and set a “buy” rating on the stock in a research note on Friday, May 9th. Jefferies Financial Group restated a “hold” rating and issued a $225.00 target price (up previously from $175.00) on shares of Installed Building Products in a research note on Tuesday, August 12th. Royal Bank Of Canada restated an “underperform” rating and issued a $184.00 target price (up previously from $145.00) on shares of Installed Building Products in a research note on Thursday, August 7th. Zelman & Associates upgraded Installed Building Products from an “underperform” rating to a “neutral” rating in a research note on Friday, August 8th. Finally, Loop Capital downgraded Installed Building Products from a “buy” rating to a “hold” rating and set a $255.00 target price on the stock. in a research note on Friday, August 8th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $217.36.

Installed Building Products Stock Up 0.4%

Shares of IBP stock opened at $267.93 on Friday. Installed Building Products has a fifty-two week low of $150.83 and a fifty-two week high of $275.76. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.31 and a current ratio of 2.85. The firm has a market capitalization of $7.32 billion, a PE ratio of 29.80 and a beta of 1.73. The stock’s 50-day simple moving average is $199.54 and its 200-day simple moving average is $180.19.

Installed Building Products Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, September 15th. This represents a $1.48 dividend on an annualized basis and a yield of 0.6%. Installed Building Products’s dividend payout ratio is currently 16.46%.

Insider Buying and Selling

In other Installed Building Products news, insider William Jeffrey Hire sold 6,500 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $265.71, for a total transaction of $1,727,115.00. Following the transaction, the insider owned 37,999 shares in the company, valued at approximately $10,096,714.29. This represents a 14.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Todd R. Fry sold 500 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $257.27, for a total value of $128,635.00. Following the transaction, the chief accounting officer owned 6,822 shares in the company, valued at $1,755,095.94. This represents a 6.83% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 16.20% of the company’s stock.

Hedge Funds Weigh In On Installed Building Products

Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Installed Building Products by 107.1% in the first quarter. GAMMA Investing LLC now owns 986 shares of the construction company’s stock valued at $169,000 after acquiring an additional 510 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of Installed Building Products by 74.6% in the first quarter. Fifth Third Bancorp now owns 227 shares of the construction company’s stock valued at $39,000 after acquiring an additional 97 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Installed Building Products by 27.2% in the first quarter. Crossmark Global Holdings Inc. now owns 2,212 shares of the construction company’s stock valued at $379,000 after acquiring an additional 473 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Installed Building Products by 36.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,079 shares of the construction company’s stock valued at $356,000 after acquiring an additional 557 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its position in shares of Installed Building Products by 1.7% in the first quarter. Stratos Wealth Partners LTD. now owns 4,173 shares of the construction company’s stock valued at $716,000 after acquiring an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

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.