Installed Building Products (NYSE:IBP) Stock Rating Upgraded by Wall Street Zen

Installed Building Products (NYSE:IBP) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Monday.

A number of other equities research analysts have also recently issued reports on the stock. Weiss Ratings upgraded shares of Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, January 12th. Jefferies Financial Group raised their target price on Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a research report on Monday, December 15th. Evercore ISI set a $265.00 price target on shares of Installed Building Products in a research note on Thursday, November 6th. Wells Fargo & Company lifted their price objective on Installed Building Products from $275.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, January 14th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $245.00 target price on shares of Installed Building Products in a research note on Tuesday, January 13th. Two investment 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $235.36.

Installed Building Products Trading Down 0.9%

Shares of NYSE:IBP opened at $292.94 on Monday. The firm has a market capitalization of $7.94 billion, a P/E ratio of 31.53, a price-to-earnings-growth ratio of 5.46 and a beta of 1.91. Installed Building Products has a 12-month low of $150.83 and a 12-month high of $317.86. The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 1.25. The firm has a fifty day moving average of $275.98 and a two-hundred day moving average of $257.22.

Installed Building Products (NYSE:IBP) last released its quarterly earnings results on Wednesday, November 5th. The construction company reported $3.18 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.49. Installed Building Products had a net margin of 8.60% and a return on equity of 62.74%. The business had revenue of $778.20 million for the quarter, compared to the consensus estimate of $751.98 million. During the same quarter last year, the firm earned $2.85 EPS. Installed Building Products’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts expect that Installed Building Products will post 10.66 EPS for the current fiscal year.

Insider Activity at Installed Building Products

In other Installed Building Products news, insider William Jeffrey Hire sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider directly owned 32,999 shares in the company, valued at approximately $8,303,538.37. This trade represents a 13.16% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael H. Thomas sold 2,001 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total transaction of $536,828.28. Following the completion of the transaction, 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. 16.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Installed Building Products

Large investors have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Installed Building Products by 3.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,130 shares of the construction company’s stock worth $2,423,000 after purchasing an additional 486 shares in the last quarter. United Services Automobile Association acquired a new stake in Installed Building Products during the 1st quarter worth approximately $263,000. Jane Street Group LLC boosted its position in shares of Installed Building Products by 270.0% in the first quarter. Jane Street Group LLC now owns 17,192 shares of the construction company’s stock valued at $2,948,000 after acquiring an additional 12,545 shares during the period. Park Avenue Securities LLC boosted its holdings in Installed Building Products by 6.5% in the 2nd quarter. Park Avenue Securities LLC now owns 3,597 shares of the construction company’s stock valued at $649,000 after purchasing an additional 218 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of Installed Building Products by 18.5% in the second quarter. GAMMA Investing LLC now owns 1,168 shares of the construction company’s stock valued at $211,000 after buying an additional 182 shares during the period. 99.61% of the stock is currently owned by institutional investors and hedge funds.

About Installed Building Products

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.