Installed Building Products, Inc. (NYSE:IBP) Given Consensus Rating of “Hold” by Analysts

Shares of Installed Building Products, Inc. (NYSE:IBP) have received an average rating of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $249.30.

Several equities research analysts recently commented on IBP shares. Truist Financial cut their price objective on shares of Installed Building Products from $250.00 to $200.00 and set a “hold” rating on the stock in a research report on Friday, May 8th. JPMorgan Chase & Co. lowered their target price on Installed Building Products from $284.00 to $195.00 and set an “underweight” rating for the company in a report on Wednesday, May 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Installed Building Products in a research note on Tuesday, August 18th. Stephens cut their price target on Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating on the stock in a report on Friday, May 8th. Finally, Royal Bank Of Canada set a $242.00 price objective on Installed Building Products in a report on Monday, May 11th.

Installed Building Products Stock Performance

Shares of IBP stock opened at $246.88 on Monday. 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 has a 52 week low of $193.11 and a 52 week high of $349.00. The company’s 50 day moving average price is $229.30 and its two-hundred day moving average price is $256.91. The company has a market capitalization of $6.56 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 4.63 and a beta of 1.70.

Installed Building Products (NYSE:IBP) last released its quarterly earnings results on Thursday, August 6th. The construction company reported $2.91 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.36. Installed Building Products had a net margin of 8.46% and a return on equity of 42.12%. The company had revenue of $777.80 million during the quarter, compared to analysts’ expectations of $743.33 million. During the same quarter in the prior year, the company earned $2.95 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, analysts expect that Installed Building Products will post 9.82 earnings per share for the current fiscal year.

Installed Building Products Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.6%. Installed Building Products’s dividend payout ratio is 16.79%.

Insider Buying and Selling at Installed Building Products

In other Installed Building Products news, CFO Michael Thomas Miller purchased 990 shares of the firm’s stock in a transaction dated Thursday, June 11th. The stock was bought at an average cost of $200.62 per share, with a total value of $198,613.80. Following the purchase, the chief financial officer directly owned 34,209 shares of the company’s stock, valued at $6,863,009.58. The trade was a 2.98% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 13.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Danske Bank A S acquired a new stake in Installed Building Products in the 3rd quarter valued at $25,000. NewEdge Advisors LLC lifted its position in Installed Building Products by 5,000.0% during 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 in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Installed Building Products during the 1st quarter worth about $30,000. Keating Financial Advisory Services Inc. acquired a new position in shares of Installed Building Products during the 2nd quarter worth about $31,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Installed Building Products by 700.0% during 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. Institutional investors and hedge funds own 99.61% of the company’s stock.

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.