Installed Building Products, Inc. (NYSE:IBP) Given Consensus Recommendation of “Reduce” by Brokerages

Installed Building Products, Inc. (NYSE:IBP) has been assigned an average recommendation of “Reduce” from the thirteen analysts that are covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and eleven have issued a hold recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $257.7273.

Several equities research analysts have recently weighed in on the stock. Benchmark lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. Zacks Research lowered shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Jefferies Financial Group upped their price objective on shares of Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a research note on Monday, December 15th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $245.00 price objective on shares of Installed Building Products in a report on Tuesday, January 13th. Finally, Wells Fargo & Company dropped their price objective on shares of Installed Building Products from $355.00 to $340.00 and set an “equal weight” rating for the company in a report on Friday, February 27th.

Insider Buying and Selling at Installed Building Products

In other Installed Building Products news, Director Janet E. Jackson sold 1,410 shares of Installed Building Products stock in a transaction on Monday, March 9th. The stock was sold at an average price of $293.31, for a total value of $413,567.10. Following the completion of the transaction, the director owned 5,373 shares in the company, valued at approximately $1,575,954.63. The trade was a 20.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey W. Edwards sold 400,000 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer directly owned 1,727,819 shares in the company, valued at approximately $542,638,835.14. This represents a 18.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 16.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in IBP. Rockefeller Capital Management L.P. increased its position in Installed Building Products by 29.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 259 shares of the construction company’s stock valued at $67,000 after acquiring an additional 59 shares in the last quarter. World Investment Advisors lifted its position in shares of Installed Building Products by 21.1% during the fourth quarter. World Investment Advisors now owns 2,029 shares of the construction company’s stock worth $526,000 after purchasing an additional 354 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of Installed Building Products by 19.3% during the fourth quarter. Corient Private Wealth LLC now owns 5,742 shares of the construction company’s stock worth $1,490,000 after purchasing an additional 929 shares in the last quarter. Anchor Investment Management LLC bought a new stake in shares of Installed Building Products during the fourth quarter valued at approximately $259,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Installed Building Products in the fourth quarter valued at approximately $243,000. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Price Performance

Shares of IBP stock opened at $267.59 on Friday. The stock’s fifty day simple moving average is $306.80 and its 200 day simple moving average is $277.20. The company has a debt-to-equity ratio of 1.20, a current ratio of 3.03 and a quick ratio of 2.44. The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 27.50, a P/E/G ratio of 3.76 and a beta of 1.90. Installed Building Products has a one year low of $150.83 and a one year high of $349.00.

Installed Building Products (NYSE:IBP) last released its quarterly earnings data on Thursday, February 26th. The construction company reported $3.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.41. The firm had revenue of $747.50 million during the quarter, compared to analyst estimates of $738.97 million. Installed Building Products had a return on equity of 43.71% and a net margin of 8.93%.The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.88 earnings per share. On average, analysts expect that Installed Building Products will post 10.66 earnings per share for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be issued a dividend of $1.80 per share. This represents a yield of 63.0%. The ex-dividend date of this dividend is Friday, March 13th. Installed Building Products’s dividend payout ratio (DPR) is currently 16.03%.

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.