Installed Building Products (NYSE:IBP) Hits New 1-Year Low – Should You Sell?

Shares of Installed Building Products, Inc. (NYSE:IBP) reached a new 52-week low during trading on Tuesday . The company traded as low as $162.20 and last traded at $165.35, with a volume of 281189 shares traded. The stock had previously closed at $165.50.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Royal Bank of Canada lowered shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and decreased their price target for the company from $203.00 to $197.00 in a research note on Friday, November 8th. Seaport Res Ptn downgraded shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. StockNews.com upgraded Installed Building Products from a “hold” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Evercore ISI lowered Installed Building Products from an “outperform” rating to an “underperform” rating and lowered their target price for the stock from $238.00 to $206.00 in a research note on Monday, December 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $240.40.

Installed Building Products Trading Down 0.1 %

The firm has a market capitalization of $4.65 billion, a P/E ratio of 18.37 and a beta of 1.99. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The firm has a 50 day moving average of $184.10 and a 200-day moving average of $209.74.

Institutional Trading of Installed Building Products

A number of institutional investors have recently modified their holdings of the stock. GHP Investment Advisors Inc. raised its stake in Installed Building Products by 185.7% in the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after purchasing an additional 78 shares in the last quarter. Curio Wealth LLC bought a new position in Installed Building Products in the 4th quarter valued at about $30,000. McIlrath & Eck LLC raised its position in shares of Installed Building Products by 32.3% in the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company’s stock valued at $44,000 after buying an additional 61 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Installed Building Products by 152.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock worth $57,000 after acquiring an additional 140 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in shares of Installed Building Products by 295.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company’s stock worth $64,000 after acquiring an additional 272 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors.

Installed Building Products Company Profile

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.