Installed Building Products, Inc. (NYSE:IBP) Given Consensus Recommendation of “Hold” by Analysts

Installed Building Products, Inc. (NYSE:IBP) has earned a consensus rating of “Hold” from the fourteen brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $226.20.

A number of research firms have recently weighed in on IBP. Zacks Research raised Installed Building Products from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Royal Bank Of Canada lifted their price target on shares of Installed Building Products from $184.00 to $203.00 and gave the company an “underperform” rating in a report on Thursday, November 6th. Jefferies Financial Group upped their price target on shares of Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a research report on Monday, December 15th. Wall Street Zen cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Finally, Evercore ISI set a $265.00 target price on shares of Installed Building Products in a research note on Thursday, November 6th.

Insider Activity

In other news, insider William Jeffrey Hire sold 5,000 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $251.63, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael H. Thomas sold 2,001 shares of the stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total value of $536,828.28. Following the sale, the director owned 8,373 shares of the company’s stock, valued at $2,246,308.44. This represents a 19.29% decrease in their position. The SEC filing for this sale provides additional information. 16.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Installed Building Products

Hedge funds have recently modified their holdings of the stock. Eminence Capital LP increased its holdings in Installed Building Products by 48.5% in the 2nd quarter. Eminence Capital LP now owns 945,101 shares of the construction company’s stock valued at $170,421,000 after acquiring an additional 308,717 shares during the last quarter. Timucuan Asset Management Inc. FL boosted its holdings in shares of Installed Building Products by 73.2% during the 2nd quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company’s stock valued at $156,261,000 after purchasing an additional 366,250 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in shares of Installed Building Products by 11.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 593,496 shares of the construction company’s stock valued at $107,019,000 after purchasing an additional 63,315 shares in the last quarter. Giverny Capital Inc. grew its position in shares of Installed Building Products by 1.3% during the second quarter. Giverny Capital Inc. now owns 514,459 shares of the construction company’s stock valued at $92,767,000 after purchasing an additional 6,386 shares in the last quarter. Finally, Bamco Inc. NY increased its holdings in shares of Installed Building Products by 8.5% in the second quarter. Bamco Inc. NY now owns 481,039 shares of the construction company’s stock worth $86,741,000 after purchasing an additional 37,595 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Trading Up 3.2%

NYSE:IBP opened at $267.59 on Friday. Installed Building Products has a one year low of $150.83 and a one year high of $293.53. The business has a fifty day moving average price of $261.89 and a 200-day moving average price of $243.62. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 28.80, a price-to-earnings-growth ratio of 4.94 and a beta of 1.91. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.78 and a quick ratio of 2.28.

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

Installed Building Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.48 dividend on an annualized basis and a yield of 0.6%. Installed Building Products’s dividend payout ratio (DPR) is currently 15.93%.

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.