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

Installed Building Products, Inc. (NYSE:IBP) has been given a consensus rating of “Hold” by the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $247.5455.

Several research firms have weighed in on IBP. Weiss Ratings reissued a “hold (c)” rating on shares of Installed Building Products in a research report on Tuesday, August 18th. DA Davidson increased their price objective on Installed Building Products from $242.00 to $250.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Stifel Nicolaus started coverage on shares of Installed Building Products in a research note on Monday. They set a “buy” rating and a $240.00 price target on the stock. Evercore set a $246.00 target price on Installed Building Products in a research note on Friday, August 7th. Finally, Wells Fargo & Company lowered their price objective on Installed Building Products from $245.00 to $240.00 and set an “equal weight” rating on the stock in a research report on Friday, September 11th.

Installed Building Products Price Performance

Shares of NYSE IBP opened at $199.94 on Friday. The firm’s 50-day simple moving average is $231.30 and its 200 day simple moving average is $243.56. Installed Building Products has a fifty-two week low of $193.11 and a fifty-two week high of $349.00. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of 21.52, a PEG ratio of 3.71 and a beta of 1.71. 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 released its quarterly earnings results on Thursday, August 6th. The construction company reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.36. Installed Building Products had a return on equity of 42.12% and a net margin of 8.46%.The business had revenue of $777.80 million during the quarter, compared to analyst estimates of $743.33 million. During the same period in the prior year, the firm posted $2.95 EPS. Installed Building Products’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, research analysts anticipate that Installed Building Products will post 9.89 earnings per share for the current fiscal year.

Installed Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Tuesday, September 15th. Installed Building Products’s dividend payout ratio is currently 16.79%.

Insiders Place Their Bets

In other Installed Building Products news, Director Janet Jackson sold 1,086 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $237.06, for a total transaction of $257,447.16. Following the sale, the director owned 5,142 shares in the company, valued at $1,218,962.52. This trade represents a 17.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Installed Building Products

A number of large investors have recently modified their holdings of IBP. MGO One Seven LLC lifted its holdings in Installed Building Products by 3.1% during the fourth quarter. MGO One Seven LLC now owns 1,133 shares of the construction company’s stock valued at $294,000 after purchasing an additional 34 shares in the last quarter. Abel Hall LLC increased its stake in shares of Installed Building Products by 2.8% in the first quarter. Abel Hall LLC now owns 1,289 shares of the construction company’s stock worth $342,000 after purchasing an additional 35 shares in the last quarter. Petros Family Wealth LLC increased its stake in shares of Installed Building Products by 4.6% in the first quarter. Petros Family Wealth LLC now owns 905 shares of the construction company’s stock worth $240,000 after purchasing an additional 40 shares in the last quarter. Lazard Asset Management LLC raised its position in shares of Installed Building Products by 5.0% during the 1st quarter. Lazard Asset Management LLC now owns 1,070 shares of the construction company’s stock valued at $284,000 after purchasing an additional 51 shares during the period. Finally, Convergence Investment Partners LLC raised its position in shares of Installed Building Products by 2.6% during the 4th quarter. Convergence Investment Partners LLC now owns 2,133 shares of the construction company’s stock valued at $553,000 after purchasing an additional 54 shares during the period. 99.61% of the stock is owned by hedge funds and other institutional investors.

Installed Building Products Company Profile

Installed Building Products, Inc (NYSE: IBP) is a Columbus, Ohio-based installer of insulation and complementary building products. The company serves residential, commercial and industrial construction markets, with a primary focus on installation services rather than manufacturing.

Its offerings include fiberglass, cellulose and spray foam insulation, as well as related products and services such as fireproofing, garage doors, rain gutters, closet shelving, shower doors and mirrors. Installed Building Products works with builders, contractors and homeowners on new construction, repair and remodeling projects.

Founded in 1977, the company has expanded through a network of local operations serving markets throughout the United States.