Installed Building Products, Inc. (NYSE:IBP) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Installed Building Products, Inc. (NYSE:IBP) have been assigned a consensus recommendation of “Hold” from the fifteen brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $247.6667.

A number of analysts recently weighed in on the stock. Truist Financial lowered their price target on shares of Installed Building Products from $250.00 to $200.00 and set a “hold” rating for the company in a report on Friday, May 8th. Zacks Research raised Installed Building Products from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. JPMorgan Chase & Co. decreased their price objective on Installed Building Products from $284.00 to $195.00 and set an “underweight” rating on the stock in a research report on Wednesday, May 13th. Weiss Ratings cut Installed Building Products from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, May 21st. Finally, Evercore set a $226.00 target price on Installed Building Products in a research note on Friday, May 8th.

Insider Transactions at Installed Building Products

In other Installed Building Products news, COO Brad A. Wheeler bought 716 shares of the business’s stock in a transaction on Monday, May 11th. The shares were bought at an average cost of $209.13 per share, for a total transaction of $149,737.08. Following the transaction, the chief operating officer owned 14,988 shares in the company, valued at approximately $3,134,440.44. This trade represents a 5.02% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jason R. Niswonger bought 455 shares of Installed Building Products stock in a transaction dated Monday, May 11th. The stock was acquired at an average cost of $214.80 per share, for a total transaction of $97,734.00. Following the purchase, the insider directly owned 17,122 shares in the company, valued at approximately $3,677,805.60. The trade was a 2.73% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 5,036 shares of company stock valued at $1,042,807 in the last three months. Company insiders own 13.80% of the company’s stock.

Institutional Investors Weigh In On Installed Building Products

Institutional investors and hedge funds have recently modified their holdings of the business. MGO One Seven LLC boosted its stake in Installed Building Products by 3.1% in the fourth quarter. MGO One Seven LLC now owns 1,133 shares of the construction company’s stock valued at $294,000 after acquiring an additional 34 shares during the last quarter. 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 worth $362,000 after acquiring an additional 35 shares during the period. Abel Hall LLC raised its position in shares of Installed Building Products by 2.8% during the 1st quarter. Abel Hall LLC now owns 1,289 shares of the construction company’s stock valued at $342,000 after acquiring an additional 35 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of Installed Building Products by 2.0% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 1,819 shares of the construction company’s stock valued at $472,000 after acquiring an additional 35 shares during the last quarter. Finally, Maryland State Retirement & Pension System lifted its stake in shares of Installed Building Products by 1.1% in the 4th quarter. Maryland State Retirement & Pension System now owns 3,315 shares of the construction company’s stock valued at $860,000 after purchasing an additional 35 shares during the period. 99.61% of the stock is owned by institutional investors.

Installed Building Products Stock Down 4.2%

Shares of NYSE IBP opened at $230.04 on Thursday. Installed Building Products has a 12-month low of $193.11 and a 12-month high of $349.00. The firm’s 50-day simple moving average is $218.07 and its 200 day simple moving average is $264.16. The company has a quick ratio of 2.76, a current ratio of 3.35 and a debt-to-equity ratio of 1.56. The company has a market cap of $6.20 billion, a price-to-earnings ratio of 24.52, a price-to-earnings-growth ratio of 5.75 and a beta of 1.69.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings data on Thursday, May 7th. The construction company reported $1.79 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.17). Installed Building Products had a net margin of 8.65% and a return on equity of 42.28%. The company had revenue of $660.50 million during the quarter, compared to analyst estimates of $668.92 million. During the same quarter in the previous year, the business posted $2.08 EPS. The company’s revenue was down 3.5% compared to the same quarter last year. On average, research analysts expect that Installed Building Products will post 9.57 earnings per share for the current fiscal year.

Installed Building Products Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.39 dividend. The ex-dividend date was Monday, June 15th. This represents a $1.56 annualized dividend and a yield of 0.7%. Installed Building Products’s dividend payout ratio (DPR) is currently 16.63%.

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.