Installed Building Products (NYSE:IBP) Downgraded by Wall Street Zen to “Hold”

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

IBP has been the topic of several other reports. JPMorgan Chase & Co. restated an “underweight” rating and set a $245.00 target price on shares of Installed Building Products in a research report on Tuesday, January 13th. Royal Bank Of Canada boosted their price target on Installed Building Products from $184.00 to $203.00 and gave the stock an “underperform” rating in a research note on Thursday, November 6th. Weiss Ratings downgraded Installed Building Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 26th. Jefferies Financial Group lifted their price objective on Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a report on Monday, December 15th. Finally, Evercore ISI set a $265.00 target price on Installed Building Products in a report on Thursday, November 6th. One analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $235.36.

Installed Building Products Stock Down 0.3%

Installed Building Products stock opened at $287.32 on Tuesday. The stock’s 50 day moving average price is $279.08 and its 200 day moving average price is $259.98. Installed Building Products has a 1-year low of $150.83 and a 1-year high of $317.86. The company has a market cap of $7.79 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 5.32 and a beta of 1.92. 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 issued its 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 company had revenue of $778.20 million for the quarter, compared to analyst estimates of $751.98 million. Installed Building Products had a net margin of 8.60% and a return on equity of 62.74%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.85 EPS. On average, sell-side analysts predict that Installed Building Products will post 10.66 EPS for the current fiscal year.

Insiders Place Their Bets

In other Installed Building Products news, insider William Jeffrey Hire sold 5,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was 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 approximately $8,303,538.37. This trade represents a 13.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael H. Thomas sold 2,001 shares of the business’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total value of $536,828.28. Following the completion of the transaction, the director directly owned 8,373 shares of the company’s stock, valued at approximately $2,246,308.44. This trade represents a 19.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 16.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Eminence Capital LP grew its holdings in shares of Installed Building Products by 48.5% during the second quarter. Eminence Capital LP now owns 945,101 shares of the construction company’s stock worth $170,421,000 after buying an additional 308,717 shares in the last quarter. Timucuan Asset Management Inc. FL boosted its position in Installed Building Products by 73.2% during the second quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company’s stock worth $156,261,000 after acquiring an additional 366,250 shares during the last quarter. Giverny Capital Inc. grew its stake in Installed Building Products by 1.3% in the 2nd quarter. Giverny Capital Inc. now owns 514,459 shares of the construction company’s stock worth $92,767,000 after acquiring an additional 6,386 shares during the period. Bamco Inc. NY grew its stake in Installed Building Products by 8.5% in the 2nd quarter. Bamco Inc. NY now owns 481,039 shares of the construction company’s stock worth $86,741,000 after acquiring an additional 37,595 shares during the period. Finally, First Trust Advisors LP raised its holdings in Installed Building Products by 2.4% in the 3rd quarter. First Trust Advisors LP now owns 399,510 shares of the construction company’s stock valued at $98,543,000 after acquiring an additional 9,489 shares during the last quarter. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

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.