Installed Building Products, Inc. (NYSE:IBP) Receives Average Rating of “Reduce” from Brokerages

Shares of Installed Building Products, Inc. (NYSE:IBP) have received a consensus recommendation of “Reduce” from the fourteen analysts that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $235.3636.

A number of research firms have recently commented on IBP. Vertical Research initiated coverage on Installed Building Products in a research report on Monday, October 20th. They set a “sell” rating for the company. Weiss Ratings downgraded shares of Installed Building Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Evercore ISI set a $265.00 price objective on shares of Installed Building Products in a research report on Thursday, November 6th. Royal Bank Of Canada boosted their target price on shares of Installed Building Products from $184.00 to $203.00 and gave the stock an “underperform” rating in a report on Thursday, November 6th. Finally, Jefferies Financial Group upped their target price 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, December 15th.

Installed Building Products Trading Up 0.7%

Shares of Installed Building Products stock opened at $294.63 on Thursday. Installed Building Products has a twelve month low of $150.83 and a twelve month high of $317.86. The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 1.25. The business has a 50-day moving average price of $276.96 and a 200-day moving average price of $257.49. The firm has a market cap of $7.99 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 5.40 and a beta of 1.91.

Installed Building Products (NYSE:IBP) last posted its earnings results on Wednesday, November 5th. The construction company reported $3.18 EPS for the quarter, topping analysts’ consensus estimates 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%.The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.85 earnings per share. Equities research analysts anticipate that Installed Building Products will post 10.66 EPS for the current fiscal year.

Insider Buying and Selling

In other Installed Building Products news, Director Michael H. Thomas sold 2,001 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total transaction of $536,828.28. Following the sale, the director directly owned 8,373 shares in the company, valued at $2,246,308.44. This represents a 19.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider William Jeffrey Hire sold 5,000 shares of Installed Building Products stock in a transaction that occurred on 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 approximately $8,303,538.37. This trade represents a 13.16% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 16.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Danske Bank A S purchased a new stake in shares of Installed Building Products in the third quarter valued at $25,000. NewEdge Advisors LLC grew its holdings in Installed Building Products by 5,000.0% during the 3rd quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Curio Wealth LLC raised its position in Installed Building Products by 16,800.0% in the 2nd quarter. Curio Wealth LLC now owns 169 shares of the construction company’s stock worth $30,000 after purchasing an additional 168 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Installed Building Products in the third quarter worth about $33,000. Finally, SRH Advisors LLC lifted its stake in Installed Building Products by 70.8% in the second quarter. SRH Advisors LLC now owns 205 shares of the construction company’s stock worth $37,000 after purchasing an additional 85 shares during the last quarter. Institutional investors 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.