Installed Building Products, Inc. (NYSE:IBP) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Installed Building Products, Inc. (NYSE:IBPGet Free Report) have been given an average recommendation of “Moderate Buy” by the eleven analysts that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $229.30.

A number of brokerages recently commented on IBP. JPMorgan Chase & Co. lowered their price target on shares of Installed Building Products from $242.00 to $227.00 and set a “neutral” rating for the company in a report on Monday, May 13th. Royal Bank of Canada increased their price target on shares of Installed Building Products from $216.00 to $220.00 and gave the company a “sector perform” rating in a report on Friday, May 10th. Loop Capital increased their price target on shares of Installed Building Products from $250.00 to $270.00 and gave the company a “buy” rating in a report on Friday, May 10th. Evercore ISI increased their price target on shares of Installed Building Products from $226.00 to $272.00 and gave the company an “outperform” rating in a report on Tuesday, April 2nd. Finally, Benchmark raised their price objective on shares of Installed Building Products from $250.00 to $270.00 and gave the stock a “buy” rating in a research note on Tuesday, May 14th.

Check Out Our Latest Stock Report on IBP

Installed Building Products Trading Down 1.3 %

NYSE:IBP opened at $204.11 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 3.18 and a quick ratio of 2.67. The firm has a market capitalization of $5.81 billion, a price-to-earnings ratio of 23.09 and a beta of 1.93. Installed Building Products has a one year low of $106.01 and a one year high of $263.76. The business has a fifty day moving average price of $214.45 and a 200-day moving average price of $217.28.

Installed Building Products (NYSE:IBPGet Free Report) last posted its quarterly earnings data on Thursday, May 9th. The construction company reported $2.37 EPS for the quarter, topping the consensus estimate of $2.08 by $0.29. The firm had revenue of $692.90 million during the quarter, compared to analyst estimates of $676.60 million. Installed Building Products had a return on equity of 45.41% and a net margin of 8.90%. Sell-side analysts forecast that Installed Building Products will post 11.2 EPS for the current year.

Installed Building Products Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, June 30th. Stockholders of record on Saturday, June 15th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend was Friday, June 14th. Installed Building Products’s dividend payout ratio (DPR) is presently 15.84%.

Insider Transactions at Installed Building Products

In other news, Director Janet E. Jackson sold 2,122 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $211.65, for a total transaction of $449,121.30. Following the transaction, the director now directly owns 7,046 shares of the company’s stock, valued at $1,491,285.90. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Jason R. Niswonger sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $229.84, for a total transaction of $1,379,040.00. Following the transaction, the insider now directly owns 13,159 shares of the company’s stock, valued at $3,024,464.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Janet E. Jackson sold 2,122 shares of Installed Building Products stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $211.65, for a total transaction of $449,121.30. Following the transaction, the director now directly owns 7,046 shares in the company, valued at $1,491,285.90. The disclosure for this sale can be found here. Corporate insiders own 16.50% of the company’s stock.

Hedge Funds Weigh In On Installed Building Products

Several institutional investors have recently bought and sold shares of IBP. NBC Securities Inc. purchased a new position in Installed Building Products during the fourth quarter valued at approximately $25,000. Russell Investments Group Ltd. increased its holdings in Installed Building Products by 280.6% during the fourth quarter. Russell Investments Group Ltd. now owns 137 shares of the construction company’s stock valued at $25,000 after buying an additional 101 shares during the period. Hexagon Capital Partners LLC increased its holdings in Installed Building Products by 253.7% during the fourth quarter. Hexagon Capital Partners LLC now owns 145 shares of the construction company’s stock valued at $27,000 after buying an additional 104 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Installed Building Products during the first quarter valued at approximately $29,000. Finally, Annapolis Financial Services LLC increased its holdings in Installed Building Products by 45.7% during the fourth quarter. Annapolis Financial Services LLC now owns 169 shares of the construction company’s stock valued at $31,000 after buying an additional 53 shares during the period. 99.61% of the stock is owned by hedge funds and other institutional investors.

Installed Building Products Company Profile

(Get Free Report

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.

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Analyst Recommendations for Installed Building Products (NYSE:IBP)

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