Installed Building Products, Inc. (NYSE:IBP) Receives Average Rating of “Reduce” from Analysts

Shares of Installed Building Products, Inc. (NYSE:IBP) have received an average rating of “Reduce” from the fifteen analysts that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $247.6667.

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Installed Building Products from $284.00 to $195.00 and set an “underweight” rating for the company in a research report on Wednesday, May 13th. Wall Street Zen lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Weiss Ratings cut Installed Building Products from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, May 21st. Truist Financial dropped their price target on Installed Building Products from $250.00 to $200.00 and set a “hold” rating on the stock in a research note on Friday, May 8th. Finally, Royal Bank Of Canada set a $242.00 price target on Installed Building Products in a report on Monday, May 11th.

Insider Buying and Selling at Installed Building Products

In other Installed Building Products news, insider Jason R. Niswonger purchased 455 shares of the stock in a transaction on Monday, May 11th. The shares were purchased at an average cost of $214.80 per share, for a total transaction of $97,734.00. Following the purchase, the insider owned 17,122 shares of the company’s stock, valued at approximately $3,677,805.60. This represents a 2.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael Thomas Miller purchased 2,400 shares of the business’s stock in a transaction on Monday, May 11th. The shares were acquired at an average cost of $207.82 per share, for a total transaction of $498,768.00. Following the completion of the transaction, the chief financial officer directly owned 33,219 shares in the company, valued at approximately $6,903,572.58. This represents a 7.79% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 5,036 shares of company stock worth $1,042,807. Company insiders own 13.80% of the company’s stock.

Institutional Trading of Installed Building Products

A number of hedge funds and other institutional investors have recently modified their holdings of IBP. Danske Bank A S bought a new stake in Installed Building Products during the third quarter worth about $25,000. NewEdge Advisors LLC grew its stake in Installed Building Products by 5,000.0% in the third quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock valued at $25,000 after purchasing an additional 100 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Installed Building Products during the 1st quarter worth approximately $30,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Installed Building Products during the 3rd quarter worth approximately $33,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in Installed Building Products by 700.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock worth $37,000 after acquiring an additional 133 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Price Performance

Shares of IBP opened at $228.13 on Friday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.76 and a current ratio of 3.35. The stock has a 50 day simple moving average of $226.15 and a 200 day simple moving average of $269.21. Installed Building Products has a 52-week low of $182.88 and a 52-week high of $349.00. The firm has a market capitalization of $6.15 billion, a PE ratio of 24.32, a P/E/G ratio of 5.66 and a beta of 1.69.

Installed Building Products (NYSE:IBP) last posted its earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.17). Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The business had revenue of $660.50 million for the quarter, compared to the consensus estimate of $668.92 million. During the same period in the previous year, the company posted $2.08 earnings per share. Installed Building Products’s revenue for the quarter was down 3.5% compared to the same quarter last year. Sell-side analysts predict that Installed Building Products will post 9.57 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, June 15th. Installed Building Products’s payout ratio is currently 16.63%.

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.