Installed Building Products (NYSE:IBP) Raised to “Buy” at StockNews.com

Installed Building Products (NYSE:IBP) was upgraded by research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

IBP has been the topic of several other research reports. JPMorgan Chase & Co. lifted their price objective on shares of Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Evercore ISI cut shares of Installed Building Products from an “outperform” rating to an “underperform” rating and decreased their price target for the stock from $238.00 to $206.00 in a research note on Monday, December 16th. Seaport Res Ptn lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. The Goldman Sachs Group decreased their target price on 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. Finally, Royal Bank of Canada downgraded Installed Building Products from a “sector perform” rating to an “underperform” rating and lowered their target price for the company from $203.00 to $197.00 in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Installed Building Products has an average rating of “Hold” and an average target price of $240.40.

Installed Building Products Price Performance

NYSE:IBP opened at $171.65 on Wednesday. The stock has a market cap of $4.83 billion, a PE ratio of 19.07 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 business’s 50-day simple moving average is $185.35 and its two-hundred day simple moving average is $210.57. Installed Building Products has a 52 week low of $167.24 and a 52 week high of $281.04.

Institutional Trading of Installed Building Products

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. McIlrath & Eck LLC grew its stake in shares of Installed Building Products by 32.3% during the fourth quarter. McIlrath & Eck LLC now owns 250 shares of the construction company’s stock valued at $44,000 after buying an additional 61 shares during the last quarter. Mpwm Advisory Solutions LLC bought a new position in Installed Building Products in the 4th quarter worth about $90,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Installed Building Products by 5.3% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 103,901 shares of the construction company’s stock worth $18,209,000 after acquiring an additional 5,194 shares during the period. Voloridge Investment Management LLC raised its stake in shares of Installed Building Products by 471.8% during the fourth quarter. Voloridge Investment Management LLC now owns 80,177 shares of the construction company’s stock valued at $14,051,000 after acquiring an additional 66,156 shares in the last quarter. Finally, Squarepoint Ops LLC bought a new position in Installed Building Products in the fourth quarter worth approximately $641,000. 99.61% of the stock is owned by hedge funds and other 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.