Installed Building Products (NYSE:IBP) Hits New 1-Year Low – Should You Sell?

Installed Building Products, Inc. (NYSE:IBP) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $151.27 and last traded at $154.60, with a volume of 289183 shares trading hands. The stock had previously closed at $158.24.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on IBP shares. StockNews.com cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, February 28th. The Goldman Sachs Group dropped their target price on Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Loop Capital lowered their price target on Installed Building Products from $230.00 to $215.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Benchmark cut their price objective on shares of Installed Building Products from $250.00 to $210.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Finally, Truist Financial dropped their price target on shares of Installed Building Products from $240.00 to $180.00 and set a “hold” rating on the stock in a research report on Monday, March 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $216.09.

Installed Building Products Stock Performance

The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $4.27 billion, a PE ratio of 17.18 and a beta of 1.84. The business’s fifty day moving average is $170.16 and its two-hundred day moving average is $193.82.

Installed Building Products Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.96%. This is a boost from Installed Building Products’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, March 14th. Installed Building Products’s dividend payout ratio (DPR) is presently 16.26%.

Institutional Trading of Installed Building Products

Several hedge funds have recently bought and sold shares of the stock. Curio Wealth LLC purchased a new stake in shares of Installed Building Products in the fourth quarter worth $30,000. UMB Bank n.a. lifted its position in shares of Installed Building Products by 142.1% in the first quarter. UMB Bank n.a. now owns 184 shares of the construction company’s stock valued at $32,000 after acquiring an additional 108 shares in the last quarter. Fifth Third Bancorp boosted its stake in shares of Installed Building Products by 74.6% in the first quarter. Fifth Third Bancorp now owns 227 shares of the construction company’s stock worth $39,000 after acquiring an additional 97 shares during the period. McIlrath & Eck LLC lifted its holdings in Installed Building Products by 32.3% in the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company’s stock worth $44,000 after purchasing an additional 61 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Installed Building Products by 295.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company’s stock worth $64,000 after purchasing an additional 272 shares during the last quarter. Institutional investors own 99.61% of the company’s stock.

Installed Building Products Company Profile

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.