Installed Building Products, Inc. (NYSE:IBP) Given Average Rating of “Hold” by Brokerages

Installed Building Products, Inc. (NYSE:IBP) has been assigned a consensus rating of “Hold” from the fourteen brokerages that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $226.20.

Several brokerages have weighed in on IBP. Jefferies Financial Group boosted their price objective on Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a research note on Monday. Zacks Research upgraded shares of Installed Building Products from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Royal Bank Of Canada lifted their price target on shares of Installed Building Products from $184.00 to $203.00 and gave the stock an “underperform” rating in a research note on Thursday, November 6th. Evercore ISI set a $265.00 price objective on shares of Installed Building Products in a research note on Thursday, November 6th. Finally, Wall Street Zen raised Installed Building Products from a “hold” rating to a “buy” rating in a research note on Monday, November 10th.

Insider Buying and Selling

In related news, insider William Jeffrey Hire sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $251.63, for a total value of $1,258,150.00. Following the completion of the sale, the insider owned 32,999 shares in the company, valued at approximately $8,303,538.37. The trade was a 13.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael H. Thomas sold 2,001 shares of Installed Building Products stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total value of $536,828.28. Following the sale, the director directly owned 8,373 shares of the company’s stock, valued at approximately $2,246,308.44. This trade represents a 19.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 16.20% of the company’s stock.

Hedge Funds Weigh In On Installed Building Products

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Installed Building Products by 1.3% during the first quarter. Vanguard Group Inc. now owns 2,671,315 shares of the construction company’s stock valued at $458,024,000 after purchasing an additional 34,512 shares in the last quarter. Eminence Capital LP grew its position in shares of Installed Building Products by 48.5% in the 2nd quarter. Eminence Capital LP now owns 945,101 shares of the construction company’s stock worth $170,421,000 after buying an additional 308,717 shares during the last quarter. Timucuan Asset Management Inc. FL raised its stake in shares of Installed Building Products by 73.2% during the 2nd quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company’s stock worth $156,261,000 after acquiring an additional 366,250 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Installed Building Products by 11.9% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 593,496 shares of the construction company’s stock valued at $107,019,000 after acquiring an additional 63,315 shares during the last quarter. Finally, Giverny Capital Inc. boosted its stake in Installed Building Products by 1.3% in the second quarter. Giverny Capital Inc. now owns 514,459 shares of the construction company’s stock valued at $92,767,000 after acquiring an additional 6,386 shares in the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Installed Building Products Trading Down 0.7%

Shares of IBP stock opened at $263.01 on Wednesday. The company has a current ratio of 2.78, a quick ratio of 2.28 and a debt-to-equity ratio of 1.25. The stock has a market capitalization of $7.13 billion, a price-to-earnings ratio of 28.31, a price-to-earnings-growth ratio of 4.93 and a beta of 1.90. Installed Building Products has a 12-month low of $150.83 and a 12-month high of $293.53. The stock’s 50-day moving average price is $259.36 and its 200-day moving average price is $235.23.

Installed Building Products (NYSE:IBP) last released its quarterly earnings data on Wednesday, November 5th. The construction company reported $3.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.49. Installed Building Products had a return on equity of 62.74% and a net margin of 8.60%.The business had revenue of $778.20 million for the quarter, compared to the consensus estimate of $751.98 million. During the same quarter in the previous year, the company posted $2.85 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. Equities research analysts predict that Installed Building Products will post 10.66 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 15th will be issued a dividend of $0.37 per share. The ex-dividend date is Monday, December 15th. This represents a $1.48 dividend on an annualized basis and a yield of 0.6%. Installed Building Products’s dividend payout ratio (DPR) is presently 15.93%.

Installed Building Products Company Profile

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 United States. It operates through Installation, Distribution, and Manufacturing operation segments.