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

Shares of Installed Building Products, Inc. (NYSE:IBP) have been assigned an average recommendation of “Reduce” from the fifteen brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $247.6667.

Several analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. Stephens dropped their price objective on shares of Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating for the company in a report on Friday, May 8th. Benchmark lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. Wall Street Zen lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Finally, The Goldman Sachs Group dropped their price objective on shares of Installed Building Products from $331.00 to $285.00 and set a “buy” rating for the company in a report on Friday, May 8th.

Insider Activity at Installed Building Products

In other news, insider Jason R. Niswonger acquired 455 shares of the company’s stock in a transaction dated Monday, May 11th. The stock was bought at an average price of $214.80 per share, with a total value of $97,734.00. Following the completion of the acquisition, the insider owned 17,122 shares in the company, valued at approximately $3,677,805.60. This represents a 2.73% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lawrence A. Hilsheimer acquired 475 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were purchased at an average cost of $206.22 per share, with a total value of $97,954.50. Following the acquisition, the director owned 28,468 shares of the company’s stock, valued at approximately $5,870,670.96. This represents a 1.70% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have acquired 4,046 shares of company stock valued at $844,194. Insiders own 13.80% of the company’s stock.

Institutional Trading of Installed Building Products

Several hedge funds have recently modified their holdings of the company. Danske Bank A S bought a new stake in shares of Installed Building Products during the third quarter valued at approximately $25,000. NewEdge Advisors LLC grew its stake in shares of Installed Building Products by 5,000.0% during the third 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. Meeder Asset Management Inc. bought a new stake in shares of Installed Building Products during the first quarter valued at approximately $30,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Installed Building Products during the third quarter valued at approximately $33,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Installed Building Products by 700.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock valued at $37,000 after purchasing an additional 133 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Stock Performance

NYSE:IBP opened at $204.00 on Wednesday. Installed Building Products has a 12-month low of $158.46 and a 12-month high of $349.00. The company has a quick ratio of 2.76, a current ratio of 3.35 and a debt-to-equity ratio of 1.56. The firm has a market capitalization of $5.50 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 4.98 and a beta of 1.71. The firm has a 50-day moving average price of $256.98 and a 200 day moving average price of $277.63.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share (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 analyst estimates of $668.92 million. During the same period last year, the company earned $2.08 EPS. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. Research analysts anticipate that Installed Building Products will post 9.62 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.8%. Installed Building Products’s dividend payout ratio (DPR) is presently 16.63%.

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.