Installed Building Products (NYSE:IBP) Raised to “Buy” at Wall Street Zen

Installed Building Products (NYSE:IBP) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

A number of other research firms also recently commented on IBP. Jefferies Financial Group boosted their price target on shares of Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a research report on Monday, December 15th. Weiss Ratings upgraded shares of Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 9th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $245.00 target price on shares of Installed Building Products in a report on Tuesday, January 13th. Wells Fargo & Company cut their target price on Installed Building Products from $355.00 to $340.00 and set an “equal weight” rating for the company in a research report on Friday, February 27th. Finally, DA Davidson increased their price target on Installed Building Products from $252.00 to $270.00 and gave the company a “neutral” rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $257.73.

Installed Building Products Trading Down 5.2%

NYSE:IBP opened at $258.49 on Friday. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 3.83 and a beta of 1.90. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.44 and a current ratio of 3.03. Installed Building Products has a 1 year low of $150.83 and a 1 year high of $349.00. The business has a fifty day moving average of $308.38 and a 200-day moving average of $277.04.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings data on Thursday, February 26th. The construction company reported $3.24 earnings per share 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 analysts’ expectations of $738.97 million. Installed Building Products had a net margin of 8.93% and a return on equity of 43.71%. The company’s revenue was down .4% on a year-over-year basis. During the same period in the previous year, the business earned $2.88 earnings per share. Equities analysts predict that Installed Building Products will post 10.66 earnings per share for the current year.

Insider Activity

In related news, CEO Jeffrey W. Edwards sold 400,000 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $314.06, for a total value of $125,624,000.00. Following the completion of the sale, the chief executive officer directly owned 1,727,819 shares of the company’s stock, valued at approximately $542,638,835.14. This represents a 18.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Janet E. Jackson sold 1,410 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $293.31, for a total value of $413,567.10. Following 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 16.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IBP. MGO One Seven LLC lifted its position in Installed Building Products by 3.1% in the 4th quarter. MGO One Seven LLC now owns 1,133 shares of the construction company’s stock worth $294,000 after buying an additional 34 shares in the last quarter. Legacy Wealth Asset Management LLC grew its holdings in shares of Installed Building Products by 2.6% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 1,396 shares of the construction company’s stock valued at $362,000 after acquiring an additional 35 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Installed Building Products by 2.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 1,819 shares of the construction company’s stock worth $472,000 after acquiring an additional 35 shares during the last quarter. Maryland State Retirement & Pension System increased its stake in shares of Installed Building Products by 1.1% in the fourth quarter. Maryland State Retirement & Pension System now owns 3,315 shares of the construction company’s stock worth $860,000 after acquiring an additional 35 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its holdings in shares of Installed Building Products by 3.5% during the third quarter. Verdence Capital Advisors LLC now owns 1,265 shares of the construction company’s stock worth $343,000 after acquiring an additional 43 shares in the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

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.