Installed Building Products (NYSE:IBP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Installed Building Products (NYSE:IBP) from a hold rating to a buy rating in a research note issued to investors on Saturday.

Several other equities research analysts have also recently commented on IBP. Royal Bank Of Canada boosted their price target on shares of Installed Building Products from $184.00 to $203.00 and gave the stock an “underperform” rating in a research report on Thursday, November 6th. Vertical Research started coverage on Installed Building Products in a report on Monday, October 20th. They set a “sell” rating for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Installed Building Products in a research report on Monday, December 29th. Wells Fargo & Company began coverage on Installed Building Products in a report on Monday, November 17th. They set an “equal weight” rating on the stock. Finally, Evercore ISI set a $265.00 price objective on shares of Installed Building Products in a research note on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $226.20.

Installed Building Products Stock Performance

IBP opened at $303.15 on Friday. The business’s 50 day moving average is $264.59 and its 200-day moving average is $248.62. The company has a current ratio of 2.78, a quick ratio of 2.28 and a debt-to-equity ratio of 1.25. The stock has a market cap of $8.22 billion, a PE ratio of 32.63, a price-to-earnings-growth ratio of 5.47 and a beta of 1.91. Installed Building Products has a twelve month low of $150.83 and a twelve month high of $304.32.

Installed Building Products (NYSE:IBP) last released its quarterly earnings results on Wednesday, November 5th. The construction company reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.49. The company had revenue of $778.20 million during the quarter, compared to analysts’ expectations of $751.98 million. Installed Building Products had a return on equity of 62.74% and a net margin of 8.60%.The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.85 earnings per share. On average, analysts predict that Installed Building Products will post 10.66 earnings per share for the current year.

Installed Building Products Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a $0.37 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.5%. Installed Building Products’s dividend payout ratio is 15.93%.

Insider Buying and Selling at Installed Building Products

In related news, insider William Jeffrey Hire sold 5,000 shares of Installed Building Products stock in a transaction on Friday, November 7th. The stock was sold at an average price of $251.63, for a total transaction of $1,258,150.00. Following the completion of the sale, the insider owned 32,999 shares of the company’s stock, valued at approximately $8,303,538.37. This trade represents a 13.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael H. Thomas sold 2,001 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total value of $536,828.28. Following the completion of the transaction, the director owned 8,373 shares in the company, valued at $2,246,308.44. This trade represents a 19.29% decrease in their position. The SEC filing for this sale provides additional information. 16.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Installed Building Products

Several large investors have recently made changes to their positions in the company. Apollon Wealth Management LLC bought a new stake in shares of Installed Building Products during the third quarter valued at approximately $481,000. Bayforest Capital Ltd boosted its stake in Installed Building Products by 180.0% during the third quarter. Bayforest Capital Ltd now owns 2,853 shares of the construction company’s stock worth $704,000 after buying an additional 1,834 shares in the last quarter. Timucuan Asset Management Inc. FL boosted its stake in Installed Building Products by 73.2% during the second quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company’s stock worth $156,261,000 after buying an additional 366,250 shares in the last quarter. Franklin Resources Inc. increased its holdings in Installed Building Products by 19.3% in the 2nd quarter. Franklin Resources Inc. now owns 238,077 shares of the construction company’s stock valued at $42,930,000 after buying an additional 38,585 shares during the period. Finally, Trinity Financial Advisors LLC bought a new stake in Installed Building Products in the 2nd quarter valued at $1,244,000. Institutional investors own 99.61% of the company’s stock.

About Installed Building Products

Installed Building Products, Inc (NYSE: IBP) is a leading national installer of specialty building products serving the U.S. residential construction market. The company partners with homebuilders and contractors to deliver a comprehensive range of interior and exterior finishing services, including insulation, drywall finishing, protective coatings and basement waterproofing systems. By offering a single-source solution, Installed Building Products helps streamline project coordination and ensures consistent service quality across multiple trades.

Founded in 1977 and headquartered in Columbus, Ohio, Installed Building Products has expanded from a regional insulation installer into a nationwide platform operating in nearly every state.