Installed Building Products (NYSE:IBP) Reaches New 1-Year High – Time to Buy?

Shares of Installed Building Products, Inc. (NYSE:IBP) hit a new 52-week high during trading on Tuesday . The company traded as high as $349.00 and last traded at $334.66, with a volume of 5497 shares trading hands. The stock had previously closed at $344.19.

Wall Street Analysts Forecast Growth

IBP has been the subject of a number of analyst reports. Vertical Research started coverage on shares of Installed Building Products in a report on Monday, October 20th. They set a “sell” rating for the company. Weiss Ratings raised shares of Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Wall Street Zen cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Evercore set a $265.00 price objective on Installed Building Products in a research note on Thursday, November 6th. Finally, Jefferies Financial Group boosted their target price on Installed Building Products from $230.00 to $259.00 and gave the company a “hold” rating in a research note on Monday, December 15th. One research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $239.45.

Installed Building Products Stock Down 2.6%

The stock’s fifty day moving average price is $291.29 and its 200-day moving average price is $269.07. 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 company has a market capitalization of $9.09 billion, a price-to-earnings ratio of 36.08, a P/E/G ratio of 8.04 and a beta of 1.92.

Insider Buying and Selling

In other news, Director Michael H. Thomas sold 2,001 shares of the firm’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total value of $536,828.28. Following the completion of the transaction, the director owned 8,373 shares in the company, valued at $2,246,308.44. This trade represents a 19.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 16.20% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IBP. Danske Bank A S acquired a new position in shares of Installed Building Products during the 3rd quarter worth approximately $25,000. NewEdge Advisors LLC increased its holdings in Installed Building Products by 5,000.0% during the third quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock worth $25,000 after buying an additional 100 shares during the last quarter. Curio Wealth LLC raised its position 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 acquiring an additional 168 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in Installed Building Products in the third quarter valued at $33,000. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Installed Building Products by 700.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock valued at $37,000 after acquiring an additional 133 shares during the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

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.