Installed Building Products (NYSE:IBP) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Installed Building Products (NYSE:IBP) from a buy rating to a hold rating in a research note issued to investors on Sunday morning.

Several other equities analysts have also commented on the stock. Wells Fargo & Company increased their price objective on shares of Installed Building Products from $275.00 to $310.00 and gave the company an “equal weight” rating in a research report on Wednesday. Evercore ISI set a $265.00 target price on shares of Installed Building Products in a research report on Thursday, November 6th. Zacks Research raised shares of Installed Building Products from a “hold” rating to a “strong-buy” rating in a report on Friday, November 28th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $245.00 price objective on shares of Installed Building Products in a research note on Tuesday, January 13th. Finally, Weiss Ratings upgraded Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $235.36.

Installed Building Products Stock Performance

NYSE IBP opened at $309.60 on Friday. The stock has a market capitalization of $8.40 billion, a PE ratio of 33.33, a P/E/G ratio of 5.72 and a beta of 1.91. The business has a 50 day simple moving average of $269.50 and a two-hundred day simple moving average of $252.08. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.78 and a quick ratio of 2.28. Installed Building Products has a 1-year low of $150.83 and a 1-year high of $317.86.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings data on Wednesday, November 5th. The construction company reported $3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.69 by $0.49. Installed Building Products had a return on equity of 62.74% and a net margin of 8.60%.The business had revenue of $778.20 million for the quarter, compared to analysts’ expectations of $751.98 million. During the same period in the prior year, the firm earned $2.85 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, research analysts predict that Installed Building Products will post 10.66 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

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

Insider Activity at Installed Building Products

In other Installed Building Products news, Director Michael H. Thomas sold 2,001 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total value of $536,828.28. Following the transaction, the director owned 8,373 shares of the company’s stock, valued at $2,246,308.44. This represents a 19.29% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider William Jeffrey Hire sold 5,000 shares of Installed Building Products stock in a transaction 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 SEC filing for this sale provides additional information. Corporate insiders own 16.20% of the company’s stock.

Institutional Investors Weigh In On Installed Building Products

Several large investors have recently added to or reduced their stakes in the stock. Eminence Capital LP raised its stake in shares of Installed Building Products by 48.5% during the second 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 in the last quarter. Timucuan Asset Management Inc. FL increased its holdings in Installed Building Products by 73.2% during the 2nd quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company’s stock worth $156,261,000 after purchasing an additional 366,250 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in Installed Building Products by 11.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 593,496 shares of the construction company’s stock valued at $107,019,000 after purchasing an additional 63,315 shares in the last quarter. Giverny Capital Inc. lifted its holdings in shares of Installed Building Products by 1.3% in the 2nd quarter. Giverny Capital Inc. now owns 514,459 shares of the construction company’s stock worth $92,767,000 after buying an additional 6,386 shares during the period. Finally, Bamco Inc. NY grew its position in shares of Installed Building Products by 8.5% during the 2nd quarter. Bamco Inc. NY now owns 481,039 shares of the construction company’s stock worth $86,741,000 after buying an additional 37,595 shares in the last quarter. 99.61% of the stock is owned by hedge funds and other 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.