Installed Building Products (NYSE:IBP) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Installed Building Products (NYSE:IBP) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $245.00 price target on shares of Installed Building Products in a report on Tuesday, January 13th. Weiss Ratings upgraded shares of Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 12th. Evercore ISI set a $265.00 price target on shares of Installed Building Products in a report on Thursday, November 6th. 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. Finally, Zacks Research downgraded shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Two equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $235.36.

Installed Building Products Trading Down 0.5%

NYSE:IBP opened at $295.87 on Monday. The company’s 50 day moving average price is $275.07 and its 200-day moving average price is $256.57. Installed Building Products has a 52 week low of $150.83 and a 52 week 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 stock has a market cap of $8.02 billion, a price-to-earnings ratio of 31.85, a PEG ratio of 5.49 and a beta of 1.91.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings data 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 company had revenue of $778.20 million during 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 firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.85 EPS. On average, equities research analysts forecast that Installed Building Products will post 10.66 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Monday, December 15th. Installed Building Products’s dividend payout ratio is 15.93%.

Insider Activity

In other news, Director Michael H. Thomas sold 2,001 shares of Installed Building Products 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 transaction, the director directly owned 8,373 shares of the company’s stock, valued at $2,246,308.44. The trade was a 19.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William Jeffrey Hire sold 5,000 shares of the company’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 transaction of $1,258,150.00. Following the completion of the transaction, the insider owned 32,999 shares of the company’s stock, valued at approximately $8,303,538.37. The trade was a 13.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 16.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Installed Building Products

Several large investors have recently made changes to their positions in the company. Legacy Wealth Asset Management LLC grew its holdings in Installed Building Products by 2.6% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 1,396 shares of the construction company’s stock valued at $362,000 after purchasing an additional 35 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in Installed Building Products by 3.5% during the 3rd quarter. Verdence Capital Advisors LLC now owns 1,265 shares of the construction company’s stock valued at $343,000 after acquiring an additional 43 shares in the last quarter. Amalgamated Bank raised its holdings in Installed Building Products by 0.8% in the third quarter. Amalgamated Bank now owns 6,589 shares of the construction company’s stock worth $1,625,000 after purchasing an additional 50 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Installed Building Products by 0.5% during the 4th quarter. State of Alaska Department of Revenue now owns 11,533 shares of the construction company’s stock worth $2,991,000 after acquiring an additional 52 shares in the last quarter. Finally, State of Wyoming grew its stake in Installed Building Products by 5.1% during the 2nd quarter. State of Wyoming now owns 1,101 shares of the construction company’s stock worth $199,000 after buying an additional 53 shares during the last quarter. 99.61% of the stock is owned by institutional investors.

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.