A number of research firms have changed their ratings and price targets for Installed Building Products (NYSE: IBP):

  • 3/12/2019 – Installed Building Products was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Installed Building Products, Inc. operates as a residential insulation installer in the United States. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors. It serves homebuilders, multi-family and commercial builders, individual homeowners, and repair and remodeling contractors. Installed Building Products, Inc. is headquartered in Columbus, Ohio. “
  • 3/7/2019 – Installed Building Products was upgraded by analysts at Macquarie from a “neutral” rating to an “outperform” rating. They now have a $45.65 price target on the stock.
  • 3/5/2019 – Installed Building Products was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Installed Building Products, Inc. operates as a residential insulation installer in the United States. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors. It serves homebuilders, multi-family and commercial builders, individual homeowners, and repair and remodeling contractors. Installed Building Products, Inc. is headquartered in Columbus, Ohio. “
  • 3/5/2019 – Installed Building Products had its price target raised by analysts at Nomura to $52.00. They now have a “buy” rating on the stock.
  • 3/1/2019 – Installed Building Products was given a new $45.00 price target on by analysts at Credit Suisse Group AG. They now have a “hold” rating on the stock.
  • 2/27/2019 – Installed Building Products was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Installed Building Products, Inc. operates as a residential insulation installer in the United States. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors. It serves homebuilders, multi-family and commercial builders, individual homeowners, and repair and remodeling contractors. Installed Building Products, Inc. is headquartered in Columbus, Ohio. “
  • 2/22/2019 – Installed Building Products was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
  • 2/21/2019 – Installed Building Products was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Installed Building Products, Inc. operates as a residential insulation installer in the United States. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors. It serves homebuilders, multi-family and commercial builders, individual homeowners, and repair and remodeling contractors. Installed Building Products, Inc. is headquartered in Columbus, Ohio. “
  • 2/13/2019 – Installed Building Products was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Installed Building Products, Inc. operates as a residential insulation installer in the United States. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors. It serves homebuilders, multi-family and commercial builders, individual homeowners, and repair and remodeling contractors. Installed Building Products, Inc. is headquartered in Columbus, Ohio. “
  • 2/5/2019 – Installed Building Products was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Installed Building Products, Inc. operates as a residential insulation installer in the United States. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors. It serves homebuilders, multi-family and commercial builders, individual homeowners, and repair and remodeling contractors. Installed Building Products, Inc. is headquartered in Columbus, Ohio. “
  • 1/16/2019 – Installed Building Products was downgraded by analysts at Jefferies Financial Group Inc from a “buy” rating to a “hold” rating. They now have a $40.00 price target on the stock, down previously from $48.00.
  • 1/16/2019 – Installed Building Products was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Installed Building Products, Inc. operates as a residential insulation installer in the United States. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors. It serves homebuilders, multi-family and commercial builders, individual homeowners, and repair and remodeling contractors. Installed Building Products, Inc. is headquartered in Columbus, Ohio. “
  • 1/15/2019 – Installed Building Products was downgraded by analysts at SunTrust Banks, Inc. from a “buy” rating to a “hold” rating.

Installed Building Products stock opened at $43.22 on Friday. Installed Building Products Inc has a 1 year low of $29.24 and a 1 year high of $65.85. The company has a debt-to-equity ratio of 2.39, a current ratio of 2.27 and a quick ratio of 1.93. The company has a market capitalization of $1.34 billion, a PE ratio of 16.19, a PEG ratio of 1.57 and a beta of 1.37.

Installed Building Products (NYSE:IBP) last released its quarterly earnings data on Thursday, February 28th. The construction company reported $0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.08. Installed Building Products had a return on equity of 37.15% and a net margin of 4.10%. The company had revenue of $353.10 million during the quarter, compared to the consensus estimate of $346.30 million. During the same quarter in the prior year, the firm posted $0.52 earnings per share. The firm’s revenue was up 17.7% compared to the same quarter last year. On average, sell-side analysts predict that Installed Building Products Inc will post 2.85 EPS for the current fiscal year.

In other Installed Building Products news, CEO Jeffrey W. Edwards sold 102,251 shares of the stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $44.97, for a total transaction of $4,598,227.47. Following the completion of the sale, the chief executive officer now owns 124,323 shares of the company’s stock, valued at approximately $5,590,805.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey W. Edwards sold 100,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $43.54, for a total transaction of $4,354,000.00. Following the sale, the chief executive officer now directly owns 124,323 shares of the company’s stock, valued at approximately $5,413,023.42. The disclosure for this sale can be found here. Insiders sold 300,000 shares of company stock valued at $13,481,916 in the last ninety days. 31.10% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Radnor Capital Management LLC boosted its holdings in shares of Installed Building Products by 32.7% during the 4th quarter. Radnor Capital Management LLC now owns 8,495 shares of the construction company’s stock worth $286,000 after buying an additional 2,095 shares in the last quarter. Morgan Stanley boosted its holdings in shares of Installed Building Products by 36.9% during the 3rd quarter. Morgan Stanley now owns 414,961 shares of the construction company’s stock worth $16,183,000 after buying an additional 111,792 shares in the last quarter. GSA Capital Partners LLP bought a new position in shares of Installed Building Products during the 3rd quarter worth approximately $219,000. Neuberger Berman Group LLC boosted its holdings in shares of Installed Building Products by 11.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 790,120 shares of the construction company’s stock worth $30,815,000 after buying an additional 80,105 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Installed Building Products by 5.8% during the 3rd quarter. Arizona State Retirement System now owns 32,094 shares of the construction company’s stock worth $1,252,000 after buying an additional 1,766 shares in the last quarter. 68.65% of the stock is owned by institutional investors and hedge funds.

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, shower doors, closet shelving and mirrors, and other products in the continental United States. It offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials.

Further Reading: Return on Investment (ROI)

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