Installed Building Products, Inc. (NYSE:IBP)‘s stock had its “buy” rating reiterated by SunTrust Banks, Inc. in a research note issued to investors on Friday. They presently have a $65.00 target price on the construction company’s stock. SunTrust Banks, Inc.’s price target would suggest a potential upside of 0.23% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the stock. KeyCorp restated a “hold” rating on shares of Installed Building Products in a research note on Wednesday. Zacks Investment Research downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Monday, October 23rd. Credit Suisse Group set a $73.00 price objective on shares of Installed Building Products and gave the stock an “outperform” rating in a research note on Tuesday, October 17th. Royal Bank Of Canada restated a “buy” rating and issued a $69.00 price objective on shares of Installed Building Products in a research note on Monday, October 16th. Finally, BidaskClub downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $67.17.

Shares of Installed Building Products (NYSE IBP) opened at $64.85 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.28 and a quick ratio of 1.98. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of 51.65 and a beta of 0.84. Installed Building Products has a 52 week low of $33.20 and a 52 week high of $70.25.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings data on Friday, November 3rd. The construction company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.07). The company had revenue of $295.20 million during the quarter, compared to analyst estimates of $292.51 million. Installed Building Products had a return on equity of 25.27% and a net margin of 4.11%. The company’s revenue was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 EPS. research analysts expect that Installed Building Products will post 1.48 EPS for the current year.

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In related news, Director Margot Lebenberg Carter sold 1,717 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $59.50, for a total value of $102,161.50. Following the completion of the transaction, the director now directly owns 4,654 shares of the company’s stock, valued at $276,913. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Todd R. Fry sold 1,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $58.00, for a total value of $58,000.00. Following the completion of the transaction, the insider now directly owns 4,091 shares of the company’s stock, valued at $237,278. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 168,459 shares of company stock valued at $10,366,576. 32.90% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA lifted its position in Installed Building Products by 75.0% in the third quarter. BNP Paribas Arbitrage SA now owns 10,759 shares of the construction company’s stock worth $697,000 after purchasing an additional 4,611 shares during the period. Prudential Financial Inc. lifted its position in Installed Building Products by 3.7% in the third quarter. Prudential Financial Inc. now owns 35,330 shares of the construction company’s stock worth $2,289,000 after purchasing an additional 1,260 shares during the period. American Century Companies Inc. lifted its position in Installed Building Products by 0.7% in the third quarter. American Century Companies Inc. now owns 116,938 shares of the construction company’s stock worth $7,578,000 after purchasing an additional 782 shares during the period. State Board of Administration of Florida Retirement System lifted its position in Installed Building Products by 55.3% in the third quarter. State Board of Administration of Florida Retirement System now owns 8,500 shares of the construction company’s stock worth $551,000 after purchasing an additional 3,026 shares during the period. Finally, Legato Capital Management LLC bought a new position in Installed Building Products in the third quarter worth $477,000. 65.52% of the stock is owned by hedge funds and other institutional investors.

Installed Building Products Company Profile

Installed Building Products, Inc is a holding company. The Company is a residential insulation installer in the United States. As of December 31, 2016, the Company’s national platform included over 100 locations accessing customers in 48 continental states and the District of Columbia. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors, which provides cross-selling opportunities to supplement the insulation installation business.

Analyst Recommendations for Installed Building Products (NYSE:IBP)

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