Installed Building Products (NYSE:IBP) Reaches New 1-Year High – Should You Buy?

Installed Building Products, Inc. (NYSE:IBP)’s share price hit a new 52-week high on Friday . The stock traded as high as $293.87 and last traded at $293.0110, with a volume of 125627 shares. The stock had previously closed at $273.89.

Analysts Set New Price Targets

A number of research firms have commented on IBP. Evercore ISI set a $265.00 price target on Installed Building Products in a research report on Thursday, November 6th. Wall Street Zen upgraded Installed Building Products from a “hold” rating to a “buy” rating in a report on Saturday. Jefferies Financial Group raised their price target on shares of Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a report on Monday, December 15th. Zacks Research upgraded shares of Installed Building Products from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Finally, Royal Bank Of Canada increased their price objective on shares of Installed Building Products from $184.00 to $203.00 and gave the stock an “underperform” rating in a research report on Thursday, November 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Installed Building Products currently has an average rating of “Hold” and an average price target of $226.20.

Installed Building Products Trading Up 8.0%

The business has a fifty day moving average of $263.32 and a 200-day moving average of $247.23. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.28 and a current ratio of 2.78. The company has a market capitalization of $8.03 billion, a P/E ratio of 31.85, a PEG ratio of 5.47 and a beta of 1.91.

Installed Building Products (NYSE:IBP) last posted its earnings results on Wednesday, November 5th. The construction company reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.49. The company had revenue of $778.20 million for the quarter, compared to analyst estimates of $751.98 million. Installed Building Products had a net margin of 8.60% and a return on equity of 62.74%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.85 EPS. Analysts anticipate that Installed Building Products, Inc. will post 10.66 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Monday, December 15th. Installed Building Products’s payout ratio is 15.93%.

Insider Transactions at Installed Building Products

In related news, Director Michael H. Thomas sold 2,001 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total value of $536,828.28. Following the transaction, the director owned 8,373 shares in the company, valued at approximately $2,246,308.44. This represents a 19.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William Jeffrey Hire sold 5,000 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $251.63, for a total value of $1,258,150.00. Following the transaction, the insider directly owned 32,999 shares in the company, valued at $8,303,538.37. This represents a 13.16% decrease in their position. The disclosure for this sale is available in the SEC filing. 16.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Installed Building Products

A number of institutional investors have recently made changes to their positions in the business. Apollon Wealth Management LLC purchased a new position in Installed Building Products during the 3rd quarter valued at about $481,000. Timucuan Asset Management Inc. FL lifted its holdings in Installed Building Products by 73.2% in the 2nd quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company’s stock worth $156,261,000 after buying an additional 366,250 shares during the period. Franklin Resources Inc. grew its position in shares of Installed Building Products by 19.3% in the 2nd quarter. Franklin Resources Inc. now owns 238,077 shares of the construction company’s stock worth $42,930,000 after buying an additional 38,585 shares during the last quarter. Trinity Financial Advisors LLC purchased a new position in shares of Installed Building Products during the second quarter valued at approximately $1,244,000. Finally, Bahl & Gaynor Inc. raised its holdings in shares of Installed Building Products by 79.4% during the second quarter. Bahl & Gaynor Inc. now owns 8,211 shares of the construction company’s stock valued at $1,481,000 after acquiring an additional 3,633 shares in the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

About Installed Building Products

Installed Building Products, Inc (NYSE: IBP) is a leading national installer of specialty building products serving the U.S. residential construction market. The company partners with homebuilders and contractors to deliver a comprehensive range of interior and exterior finishing services, including insulation, drywall finishing, protective coatings and basement waterproofing systems. By offering a single-source solution, Installed Building Products helps streamline project coordination and ensures consistent service quality across multiple trades.

Founded in 1977 and headquartered in Columbus, Ohio, Installed Building Products has expanded from a regional insulation installer into a nationwide platform operating in nearly every state.