Installed Building Products, Inc. (NYSE:IBP) Given Average Recommendation of “Hold” by Brokerages

Installed Building Products, Inc. (NYSE:IBP) has been given an average rating of “Hold” by the fourteen ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $217.3636.

Several research firms have recently issued reports on IBP. Jefferies Financial Group increased their price objective on shares of Installed Building Products from $175.00 to $225.00 and gave the stock a “hold” rating in a research report on Tuesday, August 12th. Danske cut shares of Installed Building Products from a “buy” rating to a “hold” rating and set a $252.00 target price on the stock. in a research note on Tuesday, August 12th. Royal Bank Of Canada reaffirmed an “underperform” rating and issued a $184.00 price target (up previously from $145.00) on shares of Installed Building Products in a report on Thursday, August 7th. Zacks Research upgraded shares of Installed Building Products from a “strong sell” rating to a “hold” rating in a report on Thursday, August 14th. Finally, Loop Capital downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating and set a $255.00 price target on the stock. in a report on Friday, August 8th.

Insider Activity

In other Installed Building Products news, CAO Todd R. Fry sold 500 shares of the business’s stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $257.27, for a total value of $128,635.00. Following the completion of the transaction, the chief accounting officer directly owned 6,822 shares of the company’s stock, valued at approximately $1,755,095.94. The trade was a 6.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider William Jeffrey Hire sold 6,500 shares of the business’s 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 sale, the insider directly owned 37,999 shares of the company’s stock, valued at approximately $10,096,714.29. This trade represents a 14.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,655 shares of company stock worth $3,123,578. Corporate insiders own 16.20% of the company’s stock.

Institutional Investors Weigh In On Installed Building Products

A number of institutional investors have recently modified their holdings of the business. Curio Wealth LLC raised its stake in Installed Building Products by 16,800.0% during the second quarter. Curio Wealth LLC now owns 169 shares of the construction company’s stock worth $30,000 after acquiring an additional 168 shares in the last quarter. UMB Bank n.a. grew its holdings in Installed Building Products by 142.1% during the 1st quarter. UMB Bank n.a. now owns 184 shares of the construction company’s stock worth $32,000 after acquiring an additional 108 shares during the last quarter. SRH Advisors LLC increased its position in Installed Building Products by 70.8% in the 2nd quarter. SRH Advisors LLC now owns 205 shares of the construction company’s stock valued at $37,000 after acquiring an additional 85 shares during the period. Fifth Third Bancorp increased its position in Installed Building Products by 74.6% in the 1st quarter. Fifth Third Bancorp now owns 227 shares of the construction company’s stock valued at $39,000 after acquiring an additional 97 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in Installed Building Products by 14.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 439 shares of the construction company’s stock valued at $78,000 after acquiring an additional 54 shares during the period. Institutional investors own 99.61% of the company’s stock.

Installed Building Products Stock Performance

NYSE:IBP opened at $249.44 on Friday. The company has a quick ratio of 2.31, a current ratio of 2.85 and a debt-to-equity ratio of 1.27. The company has a market cap of $6.82 billion, a P/E ratio of 27.75 and a beta of 1.76. Installed Building Products has a fifty-two week low of $150.83 and a fifty-two week high of $280.00. The firm’s 50 day moving average is $247.40 and its two-hundred day moving average is $197.49.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings results on Thursday, August 7th. The construction company reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.45 by $0.50. Installed Building Products had a net margin of 8.45% and a return on equity of 60.27%. The company had revenue of $760.30 million for the quarter, compared to the consensus estimate of $711.37 million. During the same quarter last year, the firm posted $2.84 earnings per share. Installed Building Products’s revenue was up 3.1% on a year-over-year basis. Analysts expect that Installed Building Products will post 10.66 EPS for the current year.

Installed Building Products Announces Dividend

The business 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 $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, September 15th. Installed Building Products’s dividend payout ratio is 16.46%.

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.