Installed Building Products (NYSE:IBP) Sets New 52-Week Low – Should You Sell?

Installed Building Products, Inc. (NYSE:IBP) hit a new 52-week low on Wednesday . The company traded as low as $153.40 and last traded at $156.41, with a volume of 431050 shares changing hands. The stock had previously closed at $163.96.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on IBP. Deutsche Bank Aktiengesellschaft started coverage on Installed Building Products in a research report on Tuesday, April 1st. They set a “hold” rating and a $183.00 price target on the stock. DA Davidson reduced their price target on shares of Installed Building Products from $260.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. StockNews.com downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Truist Financial cut their target price on shares of Installed Building Products from $240.00 to $180.00 and set a “hold” rating on the stock in a report on Monday, March 3rd. Finally, The Goldman Sachs Group lowered their target price on Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $216.09.

Installed Building Products Stock Down 4.6 %

The firm’s fifty day moving average is $172.17 and its two-hundred day moving average is $196.59. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 17.38 and a beta of 1.84. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50.

Installed Building Products Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a $0.37 dividend. The ex-dividend date was Friday, March 14th. This is a boost from Installed Building Products’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 0.95%. Installed Building Products’s dividend payout ratio (DPR) is 16.26%.

Institutional Investors Weigh In On Installed Building Products

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IBP. Commonwealth Equity Services LLC raised its stake in shares of Installed Building Products by 8.3% in the 4th quarter. Commonwealth Equity Services LLC now owns 5,266 shares of the construction company’s stock worth $923,000 after buying an additional 405 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Installed Building Products by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 623,003 shares of the construction company’s stock valued at $153,452,000 after acquiring an additional 23,179 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Installed Building Products by 3.6% during the 4th quarter. Principal Financial Group Inc. now owns 126,872 shares of the construction company’s stock valued at $22,234,000 after purchasing an additional 4,467 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Installed Building Products by 295.7% in the 4th 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. Finally, JPMorgan Chase & Co. grew its stake in shares of Installed Building Products by 112.6% in the 4th quarter. JPMorgan Chase & Co. now owns 153,772 shares of the construction company’s stock worth $26,949,000 after purchasing an additional 81,455 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.