DA Davidson Issues Pessimistic Forecast for Installed Building Products (NYSE:IBP) Stock Price

Installed Building Products (NYSE:IBP) had its price target reduced by research analysts at DA Davidson from $260.00 to $225.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. DA Davidson’s target price points to a potential upside of 31.22% from the company’s current price. DA Davidson also issued estimates for Installed Building Products’ Q1 2025 earnings at $2.05 EPS.

Several other research firms also recently commented on IBP. Evercore ISI downgraded shares of Installed Building Products from an “outperform” rating to an “underperform” rating and dropped their price target for the stock from $238.00 to $206.00 in a research note on Monday, December 16th. Royal Bank of Canada cut Installed Building Products from a “sector perform” rating to an “underperform” rating and lowered their target price for the stock from $203.00 to $197.00 in a research note on Friday, November 8th. The Goldman Sachs Group reduced their price target 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. Seaport Res Ptn cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, JPMorgan Chase & Co. upped their target price on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Installed Building Products currently has a consensus rating of “Hold” and a consensus price target of $236.90.

Installed Building Products Trading Up 0.8 %

Shares of IBP stock opened at $171.46 on Friday. Installed Building Products has a fifty-two week low of $162.20 and a fifty-two week high of $281.04. The company has a 50 day moving average price of $183.20 and a 200 day moving average price of $208.65. The stock has a market capitalization of $4.83 billion, a P/E ratio of 19.05 and a beta of 1.99. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99.

Institutional Trading of Installed Building Products

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IBP. Jefferies Financial Group Inc. purchased a new position in shares of Installed Building Products in the 4th quarter valued at $823,000. Ascent Group LLC boosted its stake in Installed Building Products by 18.6% in the fourth quarter. Ascent Group LLC now owns 23,357 shares of the construction company’s stock valued at $4,093,000 after acquiring an additional 3,671 shares in the last quarter. McIlrath & Eck LLC grew its holdings 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 worth $44,000 after purchasing an additional 61 shares during the last quarter. Mpwm Advisory Solutions LLC acquired a new stake in shares of Installed Building Products during the fourth quarter worth about $90,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Installed Building Products by 5.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 103,901 shares of the construction company’s stock valued at $18,209,000 after purchasing an additional 5,194 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

About Installed Building Products

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.