Installed Building Products (NYSE:IBP) Rating Lowered to “Strong Sell” at Zacks Research

Installed Building Products (NYSE:IBP) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on IBP. Evercore set a $226.00 price objective on Installed Building Products in a report on Friday, May 8th. Weiss Ratings downgraded Installed Building Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. JPMorgan Chase & Co. reduced their target price on Installed Building Products from $284.00 to $195.00 and set an “underweight” rating on the stock in a report on Wednesday. The Goldman Sachs Group reduced their target price on Installed Building Products from $331.00 to $285.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Finally, Stephens reduced their target price on Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $247.67.

Installed Building Products Stock Up 1.6%

NYSE IBP opened at $205.90 on Tuesday. The company has a current ratio of 3.35, a quick ratio of 2.76 and a debt-to-equity ratio of 1.56. The stock’s 50 day moving average is $278.32 and its two-hundred day moving average is $281.62. The company has a market capitalization of $5.55 billion, a price-to-earnings ratio of 21.95, a PEG ratio of 2.89 and a beta of 1.84. Installed Building Products has a 1-year low of $150.83 and a 1-year high of $349.00.

Installed Building Products (NYSE:IBP) last released its quarterly earnings data on Thursday, May 7th. The construction company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.17). The company had revenue of $660.50 million for the quarter, compared to analyst estimates of $668.92 million. Installed Building Products had a net margin of 8.65% and a return on equity of 42.28%. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.08 earnings per share. Equities analysts forecast that Installed Building Products will post 10.51 earnings per share for the current fiscal year.

Insider Buying and Selling at Installed Building Products

In other news, CFO Michael Thomas Miller purchased 2,400 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were acquired at an average price of $207.82 per share, with a total value of $498,768.00. Following the completion of the purchase, the chief financial officer directly owned 33,219 shares of the company’s stock, valued at $6,903,572.58. The trade was a 7.79% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jeffrey W. Edwards sold 400,000 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $314.06, for a total value of $125,624,000.00. Following the transaction, the chief executive officer directly owned 1,727,819 shares in the company, valued at $542,638,835.14. This trade represents a 18.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have acquired a total of 4,046 shares of company stock valued at $844,194 over the last ninety days. Company insiders own 13.80% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in IBP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Installed Building Products by 3.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,130 shares of the construction company’s stock valued at $2,423,000 after purchasing an additional 486 shares during the period. United Services Automobile Association acquired a new position in shares of Installed Building Products in the 1st quarter valued at $263,000. Jane Street Group LLC lifted its stake in shares of Installed Building Products by 270.0% in the 1st quarter. Jane Street Group LLC now owns 17,192 shares of the construction company’s stock valued at $2,948,000 after purchasing an additional 12,545 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Installed Building Products by 5.9% in the 2nd quarter. Hsbc Holdings PLC now owns 1,643 shares of the construction company’s stock valued at $296,000 after purchasing an additional 92 shares during the period. Finally, Jump Financial LLC lifted its stake in shares of Installed Building Products by 959.6% in the 2nd quarter. Jump Financial LLC now owns 18,109 shares of the construction company’s stock valued at $3,265,000 after purchasing an additional 16,400 shares during the period. Institutional investors and hedge funds own 99.61% of the company’s stock.

Key Installed Building Products News

Here are the key news stories impacting Installed Building Products this week:

• Positive Sentiment: Several IBP executives and directors bought shares this week, including the CFO, COO, and other insiders, signaling confidence that the stock may be undervalued.
• Positive Sentiment: DA Davidson’s new $242 price target still implies upside from recent levels, suggesting some analysts expect a rebound. Article
• Neutral Sentiment: Recent commentary on IBP points to mixed housing-market signals, with volume weakness and cost headwinds balancing the company’s otherwise stable market position. Article
• Negative Sentiment: JPMorgan’s price target cut to $195 and underweight rating are the clearest bearish catalysts, reinforcing concern about near-term earnings pressure and limited upside. Article

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.