Installed Building Products (NYSE:IBP) Upgraded at Stonex Financial

Installed Building Products (NYSE:IBP) was upgraded by stock analysts at Stonex Financial from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday, Zacks reports.

A number of other equities research analysts also recently weighed in on IBP. Truist Financial raised their price target on Installed Building Products from $160.00 to $180.00 and gave the stock a “hold” rating in a research note on Friday, November 6th. Stifel Nicolaus cut Installed Building Products from a “buy” rating to a “hold” rating and boosted their price target for the company from $220.00 to $225.00 in a research note on Monday, November 9th. Weiss Ratings restated a “hold (c)” rating on shares of Installed Building Products in a report on Tuesday, August 18th. Wells Fargo & Company dropped their price objective on Installed Building Products from $240.00 to $195.00 and set an “equal weight” rating on the stock in a report on Friday, October 16th. Finally, Deutsche Bank raised shares of Installed Building Products from a “hold” rating to a “buy” rating and raised their price objective for the company from $212.00 to $260.00 in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Installed Building Products presently has a consensus rating of “Hold” and a consensus target price of $235.21.

Installed Building Products Stock Up 1.9%

Shares of NYSE:IBP traded up $4.26 during midday trading on Thursday, hitting $228.02. 934,026 shares of the stock were exchanged, compared to its average volume of 431,205. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.54 and a current ratio of 3.12. Installed Building Products has a 52-week low of $176.15 and a 52-week high of $349.00. The business’s fifty day simple moving average is $202.62 and its two-hundred day simple moving average is $243.39. The company has a market capitalization of $6.06 billion, a PE ratio of 25.94, a P/E/G ratio of 11.11 and a beta of 1.65.

Installed Building Products (NYSE:IBP) last released its quarterly earnings data on Thursday, November 5th. The construction company reported $2.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.07). Installed Building Products had a net margin of 7.87% and a return on equity of 39.86%. The firm had revenue of $808.40 million for the quarter, compared to analyst estimates of $787.70 million. During the same period in the previous year, the business posted $3.18 EPS. Installed Building Products’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, research analysts predict that Installed Building Products will post 9.54 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Institutional Trading of Installed Building Products

Several large investors have recently made changes to their positions in the stock. Marshall Wace LLP acquired a new position in shares of Installed Building Products during the 3rd quarter valued at about $19,500,000. Empowered Funds LLC raised its stake in shares of Installed Building Products by 36.3% in the 3rd quarter. Empowered Funds LLC now owns 3,228 shares of the construction company’s stock valued at $619,000 after acquiring an additional 859 shares in the last quarter. Caxton Associates LLP bought a new position in shares of Installed Building Products in the 3rd quarter valued at approximately $2,369,000. Benjamin Edwards Inc. raised its stake in shares of Installed Building Products by 2.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 4,000 shares of the construction company’s stock valued at $769,000 after acquiring an additional 98 shares in the last quarter. Finally, Advisors Asset Management Inc. acquired a new stake in Installed Building Products in the 3rd quarter worth approximately $1,197,000. Institutional investors own 99.61% of the company’s stock.

Latest Installed Building Products News

These are some of the IBP news items that stood out recently:

• Positive Sentiment: The Old Dominion acquisition broadens IBP’s commercial and industrial presence, adding a potential growth avenue beyond its existing business. Article: Installed Building Products acquisition expands commercial installation platform
• Neutral Sentiment: Coverage highlights a debate over whether the $698 million deal creates enough value to warrant its cost. The acquisition may strengthen IBP’s growth profile, but the payoff remains a key question for investors. Article: Does Installed Building Products Have More Value After Its Deal?
• Negative Sentiment: Zacks Research downgraded IBP from Hold to Strong Sell, underscoring that analyst opinion is divided and adding a bearish counterpoint to the deal-driven optimism. Article: Zacks Research rating change

About Installed Building Products

Installed Building Products, Inc. is a U.S. building-products installation company headquartered in Columbus, Ohio. Founded in 1977, the company serves residential builders, commercial contractors, and homeowners through a network of local operating businesses across the United States. The company’s core business is installing insulation in new construction and existing buildings. Its offerings include fiberglass, cellulose, and spray-foam insulation, along with related weatherization services. Installed Building Products also installs complementary products such as garage doors, rain gutters, shower doors, and closet shelving.