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

Shares of Installed Building Products, Inc. (NYSE:IBP) have earned an average recommendation of “Hold” from the fifteen ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $247.6667.

A number of analysts have recently issued reports on IBP shares. Wall Street Zen downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. JPMorgan Chase & Co. decreased their price objective on shares of Installed Building Products from $284.00 to $195.00 and set an “underweight” rating for the company in a report on Wednesday, May 13th. The Goldman Sachs Group lowered their price objective on shares of Installed Building Products from $331.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. DA Davidson restated a “neutral” rating and issued a $242.00 target price on shares of Installed Building Products in a report on Monday, June 1st. Finally, Evercore set a $226.00 target price on shares of Installed Building Products in a research report on Friday, May 8th.

Installed Building Products Trading Up 1.3%

Shares of NYSE:IBP opened at $224.91 on Thursday. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.35 and a quick ratio of 2.76. Installed Building Products has a 1 year low of $193.11 and a 1 year high of $349.00. The company has a market cap of $6.06 billion, a P/E ratio of 23.98, a PEG ratio of 5.32 and a beta of 1.69. The stock’s fifty day moving average price is $216.32 and its 200-day moving average price is $265.58.

Installed Building Products (NYSE:IBP) last released its quarterly earnings data on Thursday, May 7th. The construction company reported $1.79 EPS for the quarter, missing the consensus estimate of $1.96 by ($0.17). Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The business had revenue of $660.50 million during the quarter, compared to the consensus estimate of $668.92 million. During the same quarter in the previous year, the business posted $2.08 earnings per share. Installed Building Products’s quarterly revenue was down 3.5% compared to the same quarter last year. Sell-side analysts expect that Installed Building Products will post 9.57 earnings per share for the current year.

Installed Building Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, June 15th. Installed Building Products’s dividend payout ratio (DPR) is 16.63%.

Insider Transactions at Installed Building Products

In other news, COO Brad A. Wheeler bought 716 shares of the stock in a transaction on Monday, May 11th. The shares were bought at an average price of $209.13 per share, with a total value of $149,737.08. Following the completion of the acquisition, the chief operating officer owned 14,988 shares in the company, valued at $3,134,440.44. The trade was a 5.02% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lawrence A. Hilsheimer bought 475 shares of the company’s stock in a transaction on Monday, May 11th. The stock was purchased at an average cost of $206.22 per share, for a total transaction of $97,954.50. Following the completion of the transaction, the director directly owned 28,468 shares of the company’s stock, valued at approximately $5,870,670.96. The trade was a 1.70% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders purchased 5,036 shares of company stock worth $1,042,807. 13.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Installed Building Products

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD boosted its holdings in shares of Installed Building Products by 26.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,551,161 shares of the construction company’s stock worth $402,356,000 after buying an additional 328,725 shares during the last quarter. Giverny Capital Inc. increased its holdings in Installed Building Products by 0.9% during the fourth quarter. Giverny Capital Inc. now owns 519,236 shares of the construction company’s stock valued at $134,685,000 after buying an additional 4,500 shares during the last quarter. First Trust Advisors LP increased its holdings in Installed Building Products by 0.3% during the fourth quarter. First Trust Advisors LP now owns 400,748 shares of the construction company’s stock valued at $103,950,000 after buying an additional 1,238 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Installed Building Products by 52.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 355,211 shares of the construction company’s stock worth $92,138,000 after acquiring an additional 122,561 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in Installed Building Products by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 350,996 shares of the construction company’s stock worth $91,045,000 after acquiring an additional 5,384 shares during the period. Hedge funds and other institutional investors own 99.61% of the company’s stock.

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.