Installed Building Products (NYSE:IBP) Rating Lowered to “Hold” at Wall Street Zen

Installed Building Products (NYSE:IBP) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

A number of other equities research analysts have also issued reports on the company. Royal Bank Of Canada increased their price target on Installed Building Products from $184.00 to $203.00 and gave the company an “underperform” rating in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Installed Building Products in a report on Monday. Vertical Research assumed coverage on shares of Installed Building Products in a research note on Monday, October 20th. They issued a “sell” rating for the company. Jefferies Financial Group increased their price objective on shares of Installed Building Products from $230.00 to $259.00 and gave the company a “hold” rating in a research report on Monday. Finally, Evercore ISI set a $265.00 price objective on shares of Installed Building Products in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Installed Building Products presently has an average rating of “Hold” and a consensus target price of $226.20.

Installed Building Products Price Performance

Installed Building Products stock opened at $267.73 on Friday. The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 1.25. Installed Building Products has a 52-week low of $150.83 and a 52-week high of $293.53. The firm has a market cap of $7.26 billion, a PE ratio of 28.82, a price-to-earnings-growth ratio of 4.87 and a beta of 1.90. The company’s 50 day moving average is $260.76 and its two-hundred day moving average is $236.37.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings results on Wednesday, November 5th. The construction company reported $3.18 EPS for the quarter, topping the consensus estimate of $2.69 by $0.49. The business had revenue of $778.20 million during the quarter, compared to the consensus estimate of $751.98 million. Installed Building Products had a net margin of 8.60% and a return on equity of 62.74%. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.85 earnings per share. On average, research analysts expect that Installed Building Products will post 10.66 EPS for the current fiscal year.

Insider Buying and Selling at Installed Building Products

In related news, Director Michael H. Thomas sold 2,001 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total value of $536,828.28. Following the completion of the sale, the director directly owned 8,373 shares of the company’s stock, valued at $2,246,308.44. The trade was a 19.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William Jeffrey Hire sold 5,000 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $251.63, for a total transaction of $1,258,150.00. Following the completion of the transaction, the insider owned 32,999 shares of the company’s stock, valued at $8,303,538.37. This represents a 13.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 16.20% of the company’s stock.

Institutional Trading of Installed Building Products

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nuveen LLC purchased a new stake in shares of Installed Building Products during the first quarter worth approximately $10,781,000. HighTower Advisors LLC acquired a new position in Installed Building Products in the 1st quarter valued at $269,000. Russell Investments Group Ltd. raised its position in Installed Building Products by 14.5% during the 1st quarter. Russell Investments Group Ltd. now owns 7,758 shares of the construction company’s stock worth $1,330,000 after buying an additional 980 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of Installed Building Products by 0.4% in the 1st quarter. Raymond James Financial Inc. now owns 136,259 shares of the construction company’s stock worth $23,363,000 after acquiring an additional 592 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Installed Building Products by 15.4% in the 1st quarter. Northern Trust Corp now owns 320,859 shares of the construction company’s stock worth $55,014,000 after acquiring an additional 42,789 shares during the period. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Company Profile

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.