Wall Street Zen Downgrades Installed Building Products (NYSE:IBP) to Hold

Installed Building Products (NYSE:IBP) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Tuesday.

Several other research firms have also recently issued reports on IBP. Jefferies Financial Group upped their price objective on Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a research report on Monday, December 15th. Royal Bank Of Canada upped their price target on Installed Building Products from $184.00 to $203.00 and gave the company an “underperform” rating in a report on Thursday, November 6th. Vertical Research initiated coverage on shares of Installed Building Products in a report on Monday, October 20th. They set a “sell” rating on the stock. Wells Fargo & Company boosted their price objective on shares of Installed Building Products from $275.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 14th. Finally, Weiss Ratings downgraded shares of Installed Building Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 26th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $235.36.

Installed Building Products Trading Down 0.3%

Shares of NYSE:IBP opened at $287.32 on Tuesday. Installed Building Products has a 52 week low of $150.83 and a 52 week high of $317.86. The company’s 50 day moving average is $279.08 and its two-hundred day moving average is $259.98. The company has a current ratio of 2.78, a quick ratio of 2.28 and a debt-to-equity ratio of 1.25. The company has a market cap of $7.79 billion, a PE ratio of 30.93, a P/E/G ratio of 5.32 and a beta of 1.92.

Installed Building Products (NYSE:IBP) last released its quarterly earnings data on Wednesday, November 5th. The construction company reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.49. The business had revenue of $778.20 million during the quarter, compared to analysts’ expectations of $751.98 million. Installed Building Products had a net margin of 8.60% and a return on equity of 62.74%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the company earned $2.85 EPS. Equities analysts predict that Installed Building Products will post 10.66 earnings per share for the current fiscal year.

Insider Buying and Selling at Installed Building Products

In other news, Director Michael H. Thomas sold 2,001 shares of the stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total transaction of $536,828.28. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William Jeffrey Hire sold 5,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the insider owned 32,999 shares in the company, valued at $8,303,538.37. This trade represents a 13.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 16.20% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Legacy Wealth Asset Management LLC lifted its holdings in shares of Installed Building Products by 2.6% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 1,396 shares of the construction company’s stock worth $362,000 after purchasing an additional 35 shares during the period. Verdence Capital Advisors LLC raised its position in Installed Building Products by 3.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,265 shares of the construction company’s stock worth $343,000 after buying an additional 43 shares during the last quarter. Amalgamated Bank lifted its stake in shares of Installed Building Products by 0.8% in the 3rd quarter. Amalgamated Bank now owns 6,589 shares of the construction company’s stock worth $1,625,000 after acquiring an additional 50 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Installed Building Products by 0.5% in the fourth quarter. State of Alaska Department of Revenue now owns 11,533 shares of the construction company’s stock valued at $2,991,000 after acquiring an additional 52 shares in the last quarter. Finally, State of Wyoming boosted its holdings in shares of Installed Building Products by 5.1% in the second quarter. State of Wyoming now owns 1,101 shares of the construction company’s stock valued at $199,000 after acquiring an additional 53 shares in the last quarter. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

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.