Installed Building Products, Inc. (NYSE:IBP) Given Consensus Rating of “Reduce” by Brokerages

Shares of Installed Building Products, Inc. (NYSE:IBP) have earned a consensus recommendation of “Reduce” from the thirteen research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $257.7273.

Several equities analysts have recently commented on the company. DA Davidson upped their target price on Installed Building Products from $252.00 to $270.00 and gave the company a “neutral” rating in a research report on Wednesday. Weiss Ratings raised Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $245.00 price target on shares of Installed Building Products in a research note on Tuesday, January 13th. Jefferies Financial Group upped their price objective on Installed Building Products from $230.00 to $259.00 and gave the company a “hold” rating in a report on Monday, December 15th. Finally, Royal Bank Of Canada increased their price objective on Installed Building Products from $203.00 to $255.00 and gave the stock an “underperform” rating in a research report on Friday, February 27th.

Insider Activity

In other Installed Building Products news, Director Janet E. Jackson sold 1,410 shares of the business’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $293.31, for a total value of $413,567.10. Following the completion of the sale, the director owned 5,373 shares of the company’s stock, valued at $1,575,954.63. The trade was a 20.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jeffrey W. Edwards sold 400,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $314.06, for a total transaction of $125,624,000.00. Following the transaction, the chief executive officer owned 1,727,819 shares in the company, valued at approximately $542,638,835.14. The trade was a 18.80% 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

Large investors have recently added to or reduced their stakes in the stock. Timucuan Asset Management Inc. FL raised 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 valued at $156,261,000 after acquiring an additional 366,250 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Installed Building Products by 26.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,551,161 shares of the construction company’s stock worth $402,356,000 after purchasing an additional 328,725 shares in the last quarter. Eminence Capital LP grew its holdings in shares of Installed Building Products by 48.5% during the 2nd quarter. Eminence Capital LP now owns 945,101 shares of the construction company’s stock worth $170,421,000 after purchasing an additional 308,717 shares in the last quarter. TD Asset Management Inc increased its position in shares of Installed Building Products by 2,169.2% in the third quarter. TD Asset Management Inc now owns 271,938 shares of the construction company’s stock worth $67,076,000 after purchasing an additional 259,954 shares during the period. Finally, Orion Porfolio Solutions LLC increased its position in shares of Installed Building Products by 4,659.1% in the second quarter. Orion Porfolio Solutions LLC now owns 171,897 shares of the construction company’s stock worth $30,996,000 after purchasing an additional 168,285 shares during the period. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Stock Performance

NYSE IBP opened at $272.33 on Friday. The firm has a 50-day moving average of $309.13 and a 200-day moving average of $277.07. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.44 and a current ratio of 3.03. The stock has a market cap of $7.35 billion, a PE ratio of 27.99, a P/E/G ratio of 3.90 and a beta of 1.90. Installed Building Products has a 52-week low of $150.83 and a 52-week high of $349.00.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings results on Thursday, February 26th. The construction company reported $3.24 EPS for the quarter, beating analysts’ consensus estimates of $2.83 by $0.41. The business had revenue of $747.50 million for the quarter, compared to analyst estimates of $738.97 million. Installed Building Products had a net margin of 8.93% and a return on equity of 43.71%. Installed Building Products’s quarterly revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.88 EPS. On average, sell-side analysts anticipate that Installed Building Products will post 10.66 EPS for the current year.

Installed Building Products Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be given a dividend of $1.80 per share. This represents a yield of 63.0%. The ex-dividend date of this dividend is Friday, March 13th. Installed Building Products’s dividend payout ratio (DPR) is currently 16.03%.

Installed Building Products Company Profile

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.