Installed Building Products, Inc. (NYSE:IBP) Receives Consensus Rating of “Reduce” from Analysts

Shares of Installed Building Products, Inc. (NYSE:IBP) have been given a consensus rating of “Reduce” by the fourteen research firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $235.3636.

A number of equities research analysts have recently issued reports on the stock. Evercore ISI set a $265.00 price objective on shares of Installed Building Products in a research report on Thursday, November 6th. Zacks Research downgraded Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Wells Fargo & Company boosted their price target on Installed Building Products from $275.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, January 14th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $245.00 price target on shares of Installed Building Products in a research report on Tuesday, January 13th. Finally, Vertical Research started coverage on Installed Building Products in a research report on Monday, October 20th. They set a “sell” rating on the stock.

Installed Building Products Trading Up 0.7%

Installed Building Products stock opened at $294.63 on Thursday. Installed Building Products has a 52-week low of $150.83 and a 52-week high of $317.86. The company has a market cap of $7.99 billion, a P/E ratio of 31.71, a P/E/G ratio of 5.40 and a beta of 1.91. The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 1.25. The business has a 50-day simple moving average of $276.96 and a two-hundred day simple moving average of $257.49.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings data on Wednesday, November 5th. The construction company reported $3.18 earnings per share (EPS) 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 the consensus estimate 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 last year, the firm posted $2.85 earnings per share. Analysts predict that Installed Building Products will post 10.66 EPS for the current year.

Insider Activity at Installed Building Products

In other Installed Building Products news, Director Michael H. Thomas sold 2,001 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total value of $536,828.28. Following the completion of the transaction, the director directly owned 8,373 shares in the company, valued at $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 SEC, which is available through this hyperlink. Also, insider William Jeffrey Hire sold 5,000 shares of the firm’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $251.63, for a total transaction of $1,258,150.00. Following the sale, the insider owned 32,999 shares in the company, valued at $8,303,538.37. The trade was a 13.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 16.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Installed Building Products

A number of hedge funds have recently made changes to their positions in the business. Eminence Capital LP raised its stake in Installed Building Products by 48.5% during the 2nd quarter. Eminence Capital LP now owns 945,101 shares of the construction company’s stock valued at $170,421,000 after purchasing an additional 308,717 shares during the period. Timucuan Asset Management Inc. FL raised its position in shares of Installed Building Products by 73.2% during the second quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company’s stock valued at $156,261,000 after buying an additional 366,250 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Installed Building Products by 11.9% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 593,496 shares of the construction company’s stock worth $107,019,000 after buying an additional 63,315 shares in the last quarter. Giverny Capital Inc. lifted its holdings in shares of Installed Building Products by 1.3% in the second quarter. Giverny Capital Inc. now owns 514,459 shares of the construction company’s stock worth $92,767,000 after buying an additional 6,386 shares in the last quarter. Finally, Bamco Inc. NY boosted its position in shares of Installed Building Products by 8.5% during the second quarter. Bamco Inc. NY now owns 481,039 shares of the construction company’s stock worth $86,741,000 after acquiring an additional 37,595 shares during the last quarter. 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.