Installed Building Products (NYSE:IBP) PT Raised to $250.00 at Jefferies Financial Group

Installed Building Products (NYSE:IBP) had its price objective hoisted by Jefferies Financial Group from $239.00 to $250.00 in a report published on Wednesday, Benzinga reports. They currently have a hold rating on the construction company’s stock.

A number of other analysts have also issued reports on the stock. The Goldman Sachs Group reduced their price target on shares of Installed Building Products from $300.00 to $260.00 and set a buy rating for the company in a research report on Wednesday, July 10th. Royal Bank of Canada lifted their target price on shares of Installed Building Products from $216.00 to $220.00 and gave the company a sector perform rating in a research note on Friday, May 10th. Loop Capital upped their price target on shares of Installed Building Products from $250.00 to $270.00 and gave the stock a buy rating in a research note on Friday, May 10th. Benchmark lifted their price objective on Installed Building Products from $250.00 to $270.00 and gave the company a buy rating in a research report on Tuesday, May 14th. Finally, Evercore ISI upped their target price on Installed Building Products from $274.00 to $282.00 and gave the stock an outperform rating in a research report on Monday, July 15th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $245.70.

Installed Building Products Trading Down 1.3 %

NYSE IBP opened at $240.46 on Wednesday. The firm’s 50 day moving average price is $213.68 and its two-hundred day moving average price is $219.60. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.67 and a current ratio of 3.18. Installed Building Products has a twelve month low of $106.01 and a twelve month high of $263.76. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 27.20 and a beta of 1.93.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings results on Thursday, May 9th. The construction company reported $2.37 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.29. The business had revenue of $692.90 million for the quarter, compared to the consensus estimate of $676.60 million. Installed Building Products had a return on equity of 45.41% and a net margin of 8.90%. Equities analysts anticipate that Installed Building Products will post 11.2 EPS for the current year.

Installed Building Products Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, June 30th. Stockholders of record on Saturday, June 15th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, June 14th. Installed Building Products’s dividend payout ratio is 15.84%.

Insider Buying and Selling

In related news, insider Jason R. Niswonger sold 6,000 shares of Installed Building Products stock in a transaction on Monday, May 13th. The shares were sold at an average price of $229.84, for a total value of $1,379,040.00. Following the transaction, the insider now owns 13,159 shares in the company, valued at approximately $3,024,464.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Janet E. Jackson sold 2,122 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $211.65, for a total value of $449,121.30. Following the completion of the sale, the director now directly owns 7,046 shares of the company’s stock, valued at $1,491,285.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jason R. Niswonger sold 6,000 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $229.84, for a total transaction of $1,379,040.00. Following the completion of the sale, the insider now owns 13,159 shares in the company, valued at approximately $3,024,464.56. The disclosure for this sale can be found here. 16.50% of the stock is owned by insiders.

Institutional Trading of Installed Building Products

Hedge funds have recently bought and sold shares of the stock. Diversified Trust Co increased its holdings in shares of Installed Building Products by 2.3% during the 2nd quarter. Diversified Trust Co now owns 2,021 shares of the construction company’s stock worth $416,000 after purchasing an additional 46 shares during the period. Annapolis Financial Services LLC lifted its stake in shares of Installed Building Products by 45.7% in the fourth quarter. Annapolis Financial Services LLC now owns 169 shares of the construction company’s stock valued at $31,000 after buying an additional 53 shares during the period. Quarry LP grew its position in Installed Building Products by 37.5% during the fourth quarter. Quarry LP now owns 209 shares of the construction company’s stock worth $38,000 after buying an additional 57 shares in the last quarter. CWM LLC increased its stake in Installed Building Products by 32.1% during the second quarter. CWM LLC now owns 255 shares of the construction company’s stock valued at $52,000 after acquiring an additional 62 shares during the period. Finally, Shaker Investments LLC OH raised its holdings in Installed Building Products by 0.6% in the 4th quarter. Shaker Investments LLC OH now owns 10,665 shares of the construction company’s stock valued at $1,950,000 after acquiring an additional 66 shares in the last quarter. 99.61% of the stock is owned by institutional investors.

About Installed Building Products

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.