Installed Building Products (NYSE:IBP) Reaches New 12-Month Low – Should You Sell?

Installed Building Products, Inc. (NYSE:IBP)’s share price reached a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $178.02 and last traded at $177.7330, with a volume of 103,037 shares traded. The stock had previously closed at $188.26.

Analyst Ratings Changes

Several equities analysts have recently commented on IBP shares. Wells Fargo & Company decreased their price target on Installed Building Products from $245.00 to $240.00 and set an “equal weight” rating on the stock in a research note on Friday, September 11th. DA Davidson boosted their price target on shares of Installed Building Products from $242.00 to $250.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Royal Bank Of Canada decreased their price objective on shares of Installed Building Products from $228.00 to $208.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 7th. Zacks Research cut shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, Melius Research assumed coverage on shares of Installed Building Products in a research report on Tuesday, October 6th. They set a “hold” rating and a $217.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Installed Building Products currently has a consensus rating of “Hold” and an average target price of $234.50.

Installed Building Products Stock Performance

The firm’s 50 day moving average is $219.21 and its two-hundred day moving average is $231.44. The stock has a market capitalization of $4.72 billion, a PE ratio of 19.10, a P/E/G ratio of 8.29 and a beta of 1.71. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.41 and a current ratio of 2.98.

Installed Building Products (NYSE:IBP) last released its earnings results on Thursday, August 6th. The construction company reported $2.91 EPS for the quarter, topping the consensus estimate of $2.55 by $0.36. Installed Building Products had a return on equity of 42.12% and a net margin of 8.46%. The firm had revenue of $777.80 million during the quarter, compared to analysts’ expectations of $743.33 million. During the same period in the previous year, the firm posted $2.95 EPS. Installed Building Products’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, research analysts predict that Installed Building Products, Inc. will post 9.86 earnings per share for the current year.

Installed Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Tuesday, September 15th. Installed Building Products’s dividend payout ratio (DPR) is presently 16.79%.

Insider Activity at Installed Building Products

In related news, Director Janet Jackson sold 1,086 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $237.06, for a total transaction of $257,447.16. Following the sale, the director directly owned 5,142 shares in the company, valued at approximately $1,218,962.52. This represents a 17.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 13.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in IBP. Reinhart Partners LLC. acquired a new position in Installed Building Products during the 3rd quarter worth approximately $87,114,000. Monument Capital Management raised its holdings in shares of Installed Building Products by 26.9% in the 3rd quarter. Monument Capital Management now owns 1,445 shares of the construction company’s stock valued at $277,000 after purchasing an additional 306 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Installed Building Products by 5.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,465 shares of the construction company’s stock valued at $281,000 after purchasing an additional 78 shares in the last quarter. Argent Capital Management LLC lifted its position in shares of Installed Building Products by 85.0% during the 3rd quarter. Argent Capital Management LLC now owns 1,833 shares of the construction company’s stock worth $352,000 after purchasing an additional 842 shares during the last quarter. Finally, Anchor Investment Management LLC lifted its position in shares of Installed Building Products by 11.7% during the 2nd quarter. Anchor Investment Management LLC now owns 1,340 shares of the construction company’s stock worth $308,000 after purchasing an additional 140 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Company Profile

Installed Building Products, Inc (NYSE: IBP) is a residential and commercial building-products installation company headquartered in Columbus, Ohio. The company primarily serves homebuilders, contractors and homeowners by providing installation services for products used in new construction, renovation and remodeling projects.

Its core business is insulation installation, including fiberglass, spray foam, cellulose and other insulation products. Installed Building Products also offers installation of complementary building products such as garage doors, gutters, windows, doors, shower enclosures and closet systems, depending on the market.

Founded in 1977, the company has expanded through a network of local operating businesses serving customers across much of the United States.