Installed Building Products Inc (NYSE:IBP) has been assigned a consensus rating of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $47.07.

A number of brokerages have recently commented on IBP. Nomura reaffirmed a “neutral” rating and issued a $48.00 target price (down from $70.00) on shares of Owens Corning in a report on Thursday, May 16th. Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine raised shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a report on Monday, April 1st. Deutsche Bank cut shares of Acquity Group from a “buy” rating to a “hold” rating in a report on Monday, May 6th. Finally, Royal Bank of Canada set a $60.00 target price on shares of Masonite International and gave the company a “buy” rating in a report on Friday, May 3rd.

Shares of NYSE:IBP traded up $1.46 on Friday, reaching $57.73. The company’s stock had a trading volume of 114,123 shares, compared to its average volume of 155,278. The business has a 50-day moving average price of $54.74. Installed Building Products has a 52-week low of $29.24 and a 52-week high of $59.93. The company has a quick ratio of 1.91, a current ratio of 2.24 and a debt-to-equity ratio of 2.44. The company has a market cap of $1.69 billion, a PE ratio of 21.62, a P/E/G ratio of 1.18 and a beta of 1.27.

Installed Building Products (NYSE:IBP) last announced its earnings results on Thursday, May 2nd. The construction company reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. Installed Building Products had a net margin of 4.15% and a return on equity of 41.94%. The business had revenue of $342.14 million during the quarter, compared to analysts’ expectations of $333.87 million. During the same period in the prior year, the company earned $0.45 earnings per share. The business’s revenue was up 13.4% compared to the same quarter last year. On average, sell-side analysts forecast that Installed Building Products will post 2.98 earnings per share for the current year.

In other news, VP Michael Thomas Miller sold 27,404 shares of the stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $57.55, for a total value of $1,577,100.20. Following the sale, the vice president now directly owns 35,973 shares in the company, valued at $2,070,246.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael H. Thomas sold 2,648 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $54.03, for a total transaction of $143,071.44. Following the completion of the sale, the director now owns 11,102 shares in the company, valued at $599,841.06. The disclosure for this sale can be found here. Insiders have sold 124,552 shares of company stock valued at $6,951,437 over the last three months. 25.20% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. First Quadrant L P CA acquired a new stake in shares of Installed Building Products in the first quarter valued at approximately $94,000. NumerixS Investment Technologies Inc grew its position in shares of Installed Building Products by 100.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 2,400 shares of the construction company’s stock valued at $81,000 after purchasing an additional 1,200 shares during the last quarter. Quantamental Technologies LLC grew its position in shares of Installed Building Products by 40.1% in the first quarter. Quantamental Technologies LLC now owns 2,794 shares of the construction company’s stock valued at $136,000 after purchasing an additional 800 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of Installed Building Products in the first quarter valued at approximately $151,000. Finally, Budros Ruhlin & Roe Inc. acquired a new stake in shares of Installed Building Products in the first quarter valued at approximately $231,000. Institutional investors and hedge funds own 70.21% of the company’s stock.

About Installed Building Products

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, 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.

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Analyst Recommendations for Installed Building Products (NYSE:IBP)

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