Installed Building Products (NYSE:IBP) Price Target Cut to $195.00 by Analysts at JPMorgan Chase & Co.

Installed Building Products (NYSE:IBP) had its target price lowered by JPMorgan Chase & Co. from $284.00 to $195.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The brokerage currently has an underweight rating on the construction company’s stock.

A number of other analysts have also recently commented on IBP. DA Davidson dropped their price target on shares of Installed Building Products from $270.00 to $242.00 and set a “neutral” rating on the stock in a research note on Monday. Wall Street Zen cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Sunday, March 29th. Stephens dropped their price target on shares of Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating on the stock in a research note on Friday, May 8th. Royal Bank Of Canada set a $242.00 price target on shares of Installed Building Products in a research note on Monday. Finally, Benchmark cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Installed Building Products presently has a consensus rating of “Hold” and an average target price of $247.67.

Installed Building Products Stock Performance

Shares of IBP stock opened at $205.90 on Wednesday. The stock has a market capitalization of $5.55 billion, a P/E ratio of 21.95, a PEG ratio of 2.89 and a beta of 1.84. The company has a current ratio of 3.35, a quick ratio of 2.76 and a debt-to-equity ratio of 1.56. The firm’s 50 day moving average is $278.32 and its 200 day moving average is $281.62. Installed Building Products has a 12 month low of $150.83 and a 12 month high of $349.00.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings results on Thursday, May 7th. The construction company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.17). The business had revenue of $660.50 million for the quarter, compared to analysts’ expectations of $668.92 million. Installed Building Products had a net margin of 8.65% and a return on equity of 42.28%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.08 earnings per share. On average, sell-side analysts anticipate that Installed Building Products will post 10.51 earnings per share for the current year.

Installed Building Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.39 dividend. The ex-dividend date is Monday, June 15th. This represents a $1.56 annualized dividend and a yield of 0.8%. Installed Building Products’s dividend payout ratio is currently 16.63%.

Insiders Place Their Bets

In other news, Director Lawrence A. Hilsheimer bought 475 shares of the stock in a transaction on Monday, May 11th. The shares were acquired at an average cost of $206.22 per share, for a total transaction of $97,954.50. Following the purchase, the director directly owned 28,468 shares of the company’s stock, valued at $5,870,670.96. This trade represents a 1.70% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brad A. Wheeler bought 716 shares of the stock in a transaction on Monday, May 11th. The stock was purchased at an average price of $209.13 per share, for a total transaction of $149,737.08. Following the completion of the purchase, the chief operating officer directly owned 14,988 shares in the company, valued at approximately $3,134,440.44. This represents a 5.02% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 4,046 shares of company stock worth $844,194. Company insiders own 13.80% of the company’s stock.

Institutional Trading of Installed Building Products

Institutional investors and hedge funds have recently bought and sold shares of the company. Danske Bank A S bought a new position in shares of Installed Building Products in the 3rd quarter worth $25,000. NewEdge Advisors LLC increased its holdings in shares of Installed Building Products by 5,000.0% in the 3rd 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. Meeder Asset Management Inc. bought a new position in shares of Installed Building Products in the 1st quarter worth $30,000. Aster Capital Management DIFC Ltd bought a new position in shares of Installed Building Products in the 3rd quarter worth $33,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in shares of Installed Building Products by 700.0% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock worth $37,000 after buying an additional 133 shares during the last quarter. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Installed Building Products

Here are the key news stories impacting Installed Building Products this week:

• Positive Sentiment: Several IBP executives and directors bought shares this week, including the CFO, COO, and other insiders, signaling confidence that the stock may be undervalued.
• Positive Sentiment: DA Davidson’s new $242 price target still implies upside from recent levels, suggesting some analysts expect a rebound. Article
• Neutral Sentiment: Recent commentary on IBP points to mixed housing-market signals, with volume weakness and cost headwinds balancing the company’s otherwise stable market position. Article
• Negative Sentiment: JPMorgan’s price target cut to $195 and underweight rating are the clearest bearish catalysts, reinforcing concern about near-term earnings pressure and limited upside. Article

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.