Installed Building Products Inc (NYSE:IBP) Receives Average Rating of “Hold” from Analysts
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.
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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