Installed Building Products (NYSE:IBP) Coverage Initiated at Vertical Research

Equities research analysts at Vertical Research began coverage on shares of Installed Building Products (NYSE:IBP) in a research note issued on Monday, MarketBeat reports. The firm set a “sell” rating on the construction company’s stock.

A number of other equities analysts also recently commented on IBP. Royal Bank Of Canada restated an “underperform” rating and issued a $184.00 price objective (up from $145.00) on shares of Installed Building Products in a report on Thursday, August 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Installed Building Products in a research note on Wednesday, October 8th. Zelman & Associates upgraded Installed Building Products from an “underperform” rating to a “neutral” rating in a research note on Friday, August 8th. Zacks Research upgraded Installed Building Products from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 14th. Finally, Loop Capital lowered Installed Building Products from a “buy” rating to a “hold” rating and set a $255.00 target price for the company. in a research note on Friday, August 8th. Two analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $220.45.

Installed Building Products Stock Performance

Installed Building Products stock opened at $266.59 on Monday. The stock’s 50-day moving average is $259.11 and its 200-day moving average is $207.06. The company has a market cap of $7.29 billion, a price-to-earnings ratio of 29.65 and a beta of 1.83. The company has a debt-to-equity ratio of 1.27, a current ratio of 2.85 and a quick ratio of 2.31. Installed Building Products has a 12 month low of $150.83 and a 12 month high of $280.00.

Installed Building Products (NYSE:IBP) last released its quarterly earnings data on Thursday, August 7th. The construction company reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.50. The company had revenue of $760.30 million for the quarter, compared to the consensus estimate of $711.37 million. Installed Building Products had a return on equity of 60.27% and a net margin of 8.45%.The company’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business posted $2.84 EPS. Equities analysts anticipate that Installed Building Products will post 10.66 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Janet E. Jackson sold 1,469 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $266.00, for a total value of $390,754.00. Following the completion of the sale, the director owned 6,873 shares in the company, valued at approximately $1,828,218. This trade represents a 17.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Brad A. Wheeler sold 3,186 shares of the firm’s stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $275.29, for a total value of $877,073.94. Following the sale, the chief operating officer owned 8,736 shares of the company’s stock, valued at approximately $2,404,933.44. This trade represents a 26.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,655 shares of company stock worth $3,123,578 in the last ninety days. 16.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Installed Building Products

Hedge funds have recently bought and sold shares of the business. Curio Wealth LLC grew its stake in Installed Building Products by 16,800.0% during the 2nd quarter. Curio Wealth LLC now owns 169 shares of the construction company’s stock valued at $30,000 after purchasing an additional 168 shares in the last quarter. SRH Advisors LLC grew its stake in Installed Building Products by 70.8% during the 2nd quarter. SRH Advisors LLC now owns 205 shares of the construction company’s stock valued at $37,000 after purchasing an additional 85 shares in the last quarter. Salomon & Ludwin LLC acquired a new stake in Installed Building Products during the 3rd quarter valued at approximately $42,000. Farther Finance Advisors LLC grew its stake in Installed Building Products by 31.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 224 shares of the construction company’s stock valued at $55,000 after purchasing an additional 54 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Installed Building Products by 14.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 439 shares of the construction company’s stock valued at $78,000 after purchasing an additional 54 shares in 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.