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

Shares of Installed Building Products, Inc. (NYSE:IBP) have been assigned a consensus recommendation of “Reduce” from the fourteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $239.4545.

Several analysts have recently commented on IBP shares. Evercore set a $265.00 price target on shares of Installed Building Products in a research report on Thursday, November 6th. Royal Bank Of Canada upped their target price on Installed Building Products from $184.00 to $203.00 and gave the company an “underperform” rating in a research note on Thursday, November 6th. Wall Street Zen cut Installed Building Products from a “buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Benchmark downgraded Installed Building Products from a “buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, Wells Fargo & Company upped their price objective on Installed Building Products from $310.00 to $355.00 and gave the company a “cautious” rating in a research report on Wednesday, February 11th.

Installed Building Products Trading Up 1.2%

Shares of IBP stock opened at $325.17 on Monday. The stock has a market cap of $8.82 billion, a P/E ratio of 35.00, a P/E/G ratio of 7.59 and a beta of 1.92. The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 1.25. Installed Building Products has a fifty-two week low of $150.83 and a fifty-two week high of $349.00. The business has a fifty day simple moving average of $295.34 and a 200-day simple moving average of $272.33.

Insider Transactions at Installed Building Products

In other Installed Building Products news, Director Michael H. Thomas sold 2,001 shares of the firm’s 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 sale, the director directly owned 8,373 shares of the company’s stock, valued at $2,246,308.44. This trade represents a 19.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 16.20% of the company’s stock.

Institutional Trading of Installed Building Products

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD lifted 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 acquiring an additional 328,725 shares during the period. Eminence Capital LP increased its position in Installed Building Products by 48.5% during the second 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 during the last quarter. Timucuan Asset Management Inc. FL raised its stake in 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 worth $156,261,000 after purchasing an additional 366,250 shares during the period. Giverny Capital Inc. raised its stake in Installed Building Products by 0.9% during the fourth quarter. Giverny Capital Inc. now owns 519,236 shares of the construction company’s stock worth $134,685,000 after purchasing an additional 4,500 shares during the period. Finally, Bamco Inc. NY boosted its holdings in shares of Installed Building Products by 8.5% in the 2nd quarter. Bamco Inc. NY now owns 481,039 shares of the construction company’s stock valued at $86,741,000 after purchasing an additional 37,595 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

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.