Installed Building Products Inc. (NYSE:IBP) had its price objective raised by equities research analysts at Royal Bank Of Canada from $40.00 to $45.00 in a research note issued on Wednesday. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 10.16% from the stock’s current price.

Other research analysts have also issued reports about the stock. Zacks Investment Research raised shares of Installed Building Products from a “sell” rating to a “hold” rating in a research note on Thursday, August 18th. Deutsche Bank AG raised their price objective on shares of Installed Building Products from $34.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, August 12th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. Installed Building Products presently has an average rating of “Buy” and an average target price of $38.20.

Analyst Recommendations for Installed Building Products (NYSE:IBP)

Shares of Installed Building Products (NYSE:IBP) opened at 40.85 on Wednesday. Installed Building Products has a one year low of $17.60 and a one year high of $41.20. The company’s 50 day moving average is $35.16 and its 200 day moving average is $34.28. The company has a market cap of $1.28 billion, a P/E ratio of 34.91 and a beta of 0.61.

Installed Building Products (NYSE:IBP) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by $0.07. Installed Building Products had a net margin of 4.47% and a return on equity of 29.06%. The business earned $225.40 million during the quarter, compared to the consensus estimate of $234 million. During the same period last year, the business posted $0.32 earnings per share. The firm’s quarterly revenue was up 24.1% on a year-over-year basis. On average, equities analysts predict that Installed Building Products will post $1.33 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in IBP. Mesirow Financial Investment Management Equity Management purchased a new stake in shares of Installed Building Products during the third quarter valued at approximately $16,719,000. BlackRock Fund Advisors increased its stake in shares of Installed Building Products by 36.7% in the second quarter. BlackRock Fund Advisors now owns 1,561,929 shares of the company’s stock valued at $56,682,000 after buying an additional 419,681 shares in the last quarter. Waddell & Reed Financial Inc. increased its stake in shares of Installed Building Products by 386.0% in the second quarter. Waddell & Reed Financial Inc. now owns 291,500 shares of the company’s stock valued at $10,578,000 after buying an additional 231,523 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Installed Building Products by 43.0% in the second quarter. Dimensional Fund Advisors LP now owns 580,137 shares of the company’s stock valued at $21,052,000 after buying an additional 174,495 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its stake in shares of Installed Building Products by 402.3% in the third quarter. Kornitzer Capital Management Inc. KS now owns 140,635 shares of the company’s stock valued at $5,045,000 after buying an additional 112,635 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

About Installed Building Products

Installed Building Products, Inc is a holding company. The Company is a residential insulation installer in the United States. The Company’s national platform consists of over 100 locations accessing customers in approximately 50 continental states and the District of Columbia. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors, which provide cross-selling opportunities to supplement the insulation installation business.

5 Day Chart for NYSE:IBP

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