Installed Building Products, Inc. (NYSE:IBP) Receives $249.30 Consensus Target Price from Analysts

Installed Building Products, Inc. (NYSE:IBP) has been assigned an average recommendation of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $249.30.

IBP has been the subject of several research reports. Zacks Research raised Installed Building Products from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. The Goldman Sachs Group lowered their target price on Installed Building Products from $331.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, May 8th. DA Davidson raised their price target on Installed Building Products from $242.00 to $250.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Royal Bank Of Canada set a $242.00 price target on Installed Building Products in a research note on Monday, May 11th. Finally, Stephens decreased their price objective on shares of Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th.

Installed Building Products Price Performance

Installed Building Products stock opened at $249.91 on Monday. The company has a market cap of $6.64 billion, a P/E ratio of 26.90, a price-to-earnings-growth ratio of 4.50 and a beta of 1.70. Installed Building Products has a one year low of $193.11 and a one year high of $349.00. The business has a fifty day moving average of $227.76 and a two-hundred day moving average of $257.51. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.41 and a current ratio of 2.98.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings results on Thursday, August 6th. The construction company reported $2.91 earnings per share for the quarter, topping analysts’ consensus estimates of $2.55 by $0.36. Installed Building Products had a net margin of 8.46% and a return on equity of 42.12%. The business had revenue of $777.80 million for the quarter, compared to analysts’ expectations of $743.33 million. During the same period in the prior year, the company posted $2.95 EPS. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, analysts predict that Installed Building Products will post 9.78 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.39 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.6%. Installed Building Products’s payout ratio is presently 16.79%.

Insider Activity

In other Installed Building Products news, CFO Michael Thomas Miller purchased 990 shares of Installed Building Products stock in a transaction on Thursday, June 11th. The shares were bought at an average price of $200.62 per share, with a total value of $198,613.80. Following the completion of the acquisition, the chief financial officer directly owned 34,209 shares of the company’s stock, valued at approximately $6,863,009.58. This trade represents a 2.98% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Installed Building Products by 3.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,130 shares of the construction company’s stock valued at $2,423,000 after buying an additional 486 shares during the last quarter. United Services Automobile Association acquired a new position in shares of Installed Building Products in the first quarter worth $263,000. Jane Street Group LLC raised its holdings in shares of Installed Building Products by 270.0% in the first quarter. Jane Street Group LLC now owns 17,192 shares of the construction company’s stock worth $2,948,000 after acquiring an additional 12,545 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Installed Building Products by 5.9% in the second quarter. Hsbc Holdings PLC now owns 1,643 shares of the construction company’s stock valued at $296,000 after acquiring an additional 92 shares in the last quarter. Finally, Jump Financial LLC lifted its position in shares of Installed Building Products by 959.6% in the second quarter. Jump Financial LLC now owns 18,109 shares of the construction company’s stock valued at $3,265,000 after acquiring an additional 16,400 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors and hedge funds.

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.