Installed Building Products (NYSE:IBP) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Installed Building Products (NYSE:IBP) from a buy rating to a hold rating in a report published on Sunday morning.

IBP has been the subject of a number of other reports. Jefferies Financial Group increased their price objective on Installed Building Products from $230.00 to $259.00 and gave the company a “hold” rating in a report on Monday, December 15th. JPMorgan Chase & Co. restated an “underweight” rating and set a $245.00 price target on shares of Installed Building Products in a report on Tuesday, January 13th. Evercore ISI set a $265.00 price objective on shares of Installed Building Products in a research note on Thursday, November 6th. Vertical Research started coverage on shares of Installed Building Products in a research report on Monday, October 20th. They set a “sell” rating for the company. Finally, Wells Fargo & Company lifted their target price on shares of Installed Building Products from $275.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 14th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, Installed Building Products has a consensus rating of “Reduce” and a consensus price target of $235.36.

Installed Building Products Stock Performance

Installed Building Products stock opened at $300.69 on Friday. The business has a 50 day moving average of $271.36 and a 200-day moving average of $253.64. The company has a market capitalization of $8.15 billion, a P/E ratio of 32.37, a P/E/G ratio of 5.72 and a beta of 1.91. Installed Building Products has a 1 year low of $150.83 and a 1 year high of $317.86. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.78 and a quick ratio of 2.28.

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

Installed Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, December 15th. Installed Building Products’s dividend payout ratio (DPR) is currently 15.93%.

Insider Buying and Selling at Installed Building Products

In other news, insider William Jeffrey Hire sold 5,000 shares of Installed Building Products stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $251.63, for a total transaction of $1,258,150.00. Following the completion of the transaction, the insider directly owned 32,999 shares in the company, valued at $8,303,538.37. This trade represents a 13.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael H. Thomas sold 2,001 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total transaction 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. The trade was a 19.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 16.20% of the company’s stock.

Hedge Funds Weigh In On Installed Building Products

Hedge funds have recently added to or reduced their stakes in the stock. Danske Bank A S purchased a new stake in shares of Installed Building Products in the third quarter worth approximately $25,000. NewEdge Advisors LLC raised its holdings in shares of Installed Building Products by 5,000.0% in the third quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock valued at $25,000 after purchasing an additional 100 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of Installed Building Products during the third quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. boosted its holdings in Installed Building Products by 700.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock worth $37,000 after purchasing an additional 133 shares during the last quarter. Finally, Curio Wealth LLC boosted its holdings in Installed Building Products by 16,800.0% during the second quarter. Curio Wealth LLC now owns 169 shares of the construction company’s stock worth $30,000 after purchasing an additional 168 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Company Profile

Installed Building Products, Inc (NYSE: IBP) is a leading national installer of specialty building products serving the U.S. residential construction market. The company partners with homebuilders and contractors to deliver a comprehensive range of interior and exterior finishing services, including insulation, drywall finishing, protective coatings and basement waterproofing systems. By offering a single-source solution, Installed Building Products helps streamline project coordination and ensures consistent service quality across multiple trades.

Founded in 1977 and headquartered in Columbus, Ohio, Installed Building Products has expanded from a regional insulation installer into a nationwide platform operating in nearly every state.