Brokerages Set Installed Building Products, Inc. (NYSE:IBP) Target Price at $235.36

Shares of Installed Building Products, Inc. (NYSE:IBP) have been given a consensus recommendation of “Reduce” by the fourteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $235.3636.

A number of brokerages have recently commented on IBP. JPMorgan Chase & Co. restated an “underweight” rating and issued a $245.00 target price on shares of Installed Building Products in a research note on Tuesday, January 13th. Royal Bank Of Canada upped their price objective on Installed Building Products from $184.00 to $203.00 and gave the stock an “underperform” rating in a research report on Thursday, November 6th. Wells Fargo & Company raised their price objective 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. Wall Street Zen upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a research note on Monday, January 26th. Finally, Vertical Research assumed coverage on shares of Installed Building Products in a research report on Monday, October 20th. They set a “sell” rating on the stock.

Installed Building Products Stock Performance

Shares of IBP opened at $288.77 on Thursday. The business has a 50-day simple moving average of $278.54 and a two-hundred day simple moving average of $258.83. Installed Building Products has a 52 week low of $150.83 and a 52 week high of $317.86. The stock has a market cap of $7.83 billion, a price-to-earnings ratio of 31.08, a PEG ratio of 5.40 and a beta of 1.91. The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 1.25.

Installed Building Products (NYSE:IBP) last released its earnings results on Wednesday, November 5th. The construction company reported $3.18 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $778.20 million for the quarter, compared to the consensus estimate of $751.98 million. During the same quarter in the previous year, the firm earned $2.85 EPS. Installed Building Products’s revenue was up 2.3% compared to the same quarter last year. On average, analysts expect that Installed Building Products will post 10.66 EPS for the current year.

Insider Activity at Installed Building Products

In other news, Director Michael H. Thomas sold 2,001 shares of the business’s stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total transaction of $536,828.28. Following the completion of the sale, the director owned 8,373 shares of the company’s stock, valued at $2,246,308.44. The trade was a 19.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William Jeffrey Hire sold 5,000 shares of the business’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 value of $1,258,150.00. Following the sale, the insider owned 32,999 shares of the company’s stock, valued at approximately $8,303,538.37. This trade represents a 13.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 16.20% of the company’s stock.

Institutional Trading of Installed Building Products

Large investors have recently added to or reduced their stakes in the stock. Timucuan Asset Management Inc. FL lifted its position in Installed Building Products by 73.2% in the second quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company’s stock valued at $156,261,000 after buying an additional 366,250 shares during the last quarter. Eminence Capital LP raised its stake in shares of Installed Building Products by 48.5% in the 2nd quarter. Eminence Capital LP now owns 945,101 shares of the construction company’s stock valued at $170,421,000 after acquiring an additional 308,717 shares during the period. TD Asset Management Inc raised its stake in shares of Installed Building Products by 2,169.2% in the 3rd quarter. TD Asset Management Inc now owns 271,938 shares of the construction company’s stock valued at $67,076,000 after acquiring an additional 259,954 shares during the period. Orion Porfolio Solutions LLC lifted its holdings in shares of Installed Building Products by 4,659.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 171,897 shares of the construction company’s stock worth $30,996,000 after acquiring an additional 168,285 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Installed Building Products by 84.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 276,690 shares of the construction company’s stock worth $49,893,000 after purchasing an additional 126,435 shares during the period. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

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.