Installed Building Products, Inc. (NYSE:IBP) Receives $247.67 Consensus Target Price from Analysts

Installed Building Products, Inc. (NYSE:IBP) has been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $247.6667.

A number of equities research analysts recently issued reports on IBP shares. Evercore set a $226.00 target price on shares of Installed Building Products in a research report on Friday, May 8th. Zacks Research upgraded shares of Installed Building Products from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Truist Financial decreased their price objective on shares of 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. The Goldman Sachs Group dropped their price objective on shares of Installed Building Products from $331.00 to $285.00 and set a “buy” rating for the company in a report on Friday, May 8th. Finally, DA Davidson reiterated a “neutral” rating and issued a $242.00 target price on shares of Installed Building Products in a research note on Monday, June 1st.

Insiders Place Their Bets

In other Installed Building Products news, COO Brad A. Wheeler bought 716 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were bought at an average price of $209.13 per share, for a total transaction of $149,737.08. Following the completion of the acquisition, the chief operating officer owned 14,988 shares of the company’s stock, valued at approximately $3,134,440.44. This trade represents a 5.02% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Lawrence A. Hilsheimer bought 475 shares of the stock in a transaction dated Monday, May 11th. The stock was acquired at an average price of $206.22 per share, with a total value of $97,954.50. Following the completion of the purchase, the director owned 28,468 shares of the company’s stock, valued at $5,870,670.96. This represents a 1.70% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 5,036 shares of company stock worth $1,042,807 in the last three months. Company insiders own 13.80% of the company’s stock.

Institutional Investors Weigh In On Installed Building Products

A number of hedge funds have recently added to or reduced their stakes in IBP. Ausbil Investment Management Ltd increased its position in Installed Building Products by 72.5% in the 2nd quarter. Ausbil Investment Management Ltd now owns 8,026 shares of the construction company’s stock valued at $1,798,000 after acquiring an additional 3,372 shares in the last quarter. E. Ohman J or Asset Management AB lifted its position in shares of Installed Building Products by 27.3% during the second quarter. E. Ohman J or Asset Management AB now owns 15,711 shares of the construction company’s stock worth $3,611,000 after purchasing an additional 3,365 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of Installed Building Products by 15.3% during the second quarter. Handelsbanken Fonder AB now owns 8,125 shares of the construction company’s stock valued at $1,867,000 after purchasing an additional 1,080 shares during the last quarter. Revolve Wealth Partners LLC bought a new stake in shares of Installed Building Products during the second quarter valued at approximately $246,000. Finally, Beacon Investment Advisory Services Inc. increased its holdings in shares of Installed Building Products by 27.0% in the second quarter. Beacon Investment Advisory Services Inc. now owns 15,203 shares of the construction company’s stock valued at $3,494,000 after purchasing an additional 3,229 shares in the last quarter. Institutional investors own 99.61% of the company’s stock.

Installed Building Products Stock Performance

Installed Building Products stock opened at $228.48 on Thursday. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.35 and a quick ratio of 2.76. The stock has a fifty day moving average price of $217.08 and a two-hundred day moving average price of $264.61. Installed Building Products has a 52-week low of $193.11 and a 52-week high of $349.00. The firm has a market capitalization of $6.16 billion, a P/E ratio of 24.36, a P/E/G ratio of 5.45 and a beta of 1.69.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings data 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 net margin of 8.65% and a return on equity of 42.28%. The company 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 business posted $2.08 earnings per share. The firm’s revenue was down 3.5% compared to the same quarter last year. As a group, analysts anticipate 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. Shareholders of record on Monday, June 15th were given a $0.39 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.56 annualized dividend and a yield of 0.7%. Installed Building Products’s payout ratio is presently 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.