Installed Building Products (NYSE:IBP) Stock Rating Upgraded by StockNews.com

Installed Building Products (NYSE:IBP) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Friday.

A number of other equities analysts also recently weighed in on the company. Evercore ISI upped their price target on Installed Building Products from $271.00 to $272.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Jefferies Financial Group increased their target price on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. DA Davidson lowered their price target on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Stephens restated an “equal weight” rating and set a $240.00 price objective on shares of Installed Building Products in a research note on Monday, August 5th. Finally, The Goldman Sachs Group raised their price objective on Installed Building Products from $260.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $252.30.

Installed Building Products Stock Performance

Shares of Installed Building Products stock opened at $200.02 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 22.22 and a beta of 1.95. Installed Building Products has a one year low of $138.37 and a one year high of $281.04. The stock’s 50-day moving average is $230.77 and its 200-day moving average is $224.15.

Institutional Trading of Installed Building Products

A number of hedge funds have recently made changes to their positions in IBP. Diversified Trust Co grew its stake in Installed Building Products by 2.3% in the 2nd quarter. Diversified Trust Co now owns 2,021 shares of the construction company’s stock valued at $416,000 after buying an additional 46 shares during the last quarter. CWM LLC grew its position in shares of Installed Building Products by 32.1% in the second quarter. CWM LLC now owns 255 shares of the construction company’s stock valued at $52,000 after purchasing an additional 62 shares during the last quarter. Arkadios Wealth Advisors grew its position in shares of Installed Building Products by 2.5% in the second quarter. Arkadios Wealth Advisors now owns 2,545 shares of the construction company’s stock valued at $523,000 after purchasing an additional 63 shares during the last quarter. Xponance Inc. increased its stake in shares of Installed Building Products by 5.3% during the second quarter. Xponance Inc. now owns 1,519 shares of the construction company’s stock worth $312,000 after purchasing an additional 76 shares during the period. Finally, GHP Investment Advisors Inc. lifted its holdings in Installed Building Products by 185.7% during the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after purchasing an additional 78 shares during the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

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.