Installed Building Products, Inc. (NYSE:IBP – Get Free Report) has earned an average recommendation of “Hold” from the twelve analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $212.45.
A number of research analysts have weighed in on the company. Benchmark reduced their target price on Installed Building Products from $210.00 to $185.00 and set a “buy” rating on the stock in a report on Friday, May 9th. Deutsche Bank Aktiengesellschaft initiated coverage on Installed Building Products in a research note on Tuesday, April 1st. They issued a “hold” rating and a $183.00 price target on the stock. Loop Capital cut their price target on Installed Building Products from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Monday, May 12th. Wall Street Zen downgraded Installed Building Products from a “buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Truist Financial cut their price target on Installed Building Products from $240.00 to $180.00 and set a “hold” rating on the stock in a research note on Monday, March 3rd.
View Our Latest Stock Report on Installed Building Products
Installed Building Products Trading Up 4.3%
Installed Building Products (NYSE:IBP – Get Free Report) last posted its earnings results on Thursday, May 8th. The construction company reported $2.08 earnings per share for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.15). Installed Building Products had a return on equity of 60.73% and a net margin of 8.39%. The firm had revenue of $684.80 million for the quarter, compared to analysts’ expectations of $681.34 million. During the same quarter last year, the company posted $2.47 EPS. The firm’s revenue was down 1.2% on a year-over-year basis. Analysts predict that Installed Building Products will post 10.66 EPS for the current year.
Installed Building Products Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.37 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.48 dividend on an annualized basis and a yield of 0.87%. Installed Building Products’s payout ratio is presently 16.88%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in IBP. Eminence Capital LP purchased a new position in shares of Installed Building Products during the first quarter valued at about $109,114,000. Timucuan Asset Management Inc. FL purchased a new position in shares of Installed Building Products during the first quarter valued at about $85,786,000. First Trust Advisors LP grew its position in shares of Installed Building Products by 69.8% during the fourth quarter. First Trust Advisors LP now owns 485,727 shares of the construction company’s stock valued at $85,124,000 after purchasing an additional 199,657 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Installed Building Products by 190.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 302,292 shares of the construction company’s stock valued at $51,831,000 after purchasing an additional 198,391 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Installed Building Products by 35,416.8% during the first quarter. GAMMA Investing LLC now owns 169,060 shares of the construction company’s stock valued at $289,870,000 after purchasing an additional 168,584 shares in the last quarter. Hedge funds and other institutional investors 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.
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