Installed Building Products (NYSE:IBP) Trading 2.2% Higher – Time to Buy?

Shares of Installed Building Products, Inc. (NYSE:IBP) were up 2.2% during mid-day trading on Friday . The company traded as high as $164.55 and last traded at $167.46. Approximately 15,143 shares changed hands during trading, a decline of 95% from the average daily volume of 322,247 shares. The stock had previously closed at $163.79.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Evercore ISI cut Installed Building Products from an “outperform” rating to an “underperform” rating and dropped their price objective for the company from $238.00 to $206.00 in a report on Monday, December 16th. The Goldman Sachs Group decreased their price objective on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Benchmark lowered their price objective on shares of Installed Building Products from $250.00 to $210.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft started coverage on shares of Installed Building Products in a research report on Tuesday. They set a “hold” rating and a $183.00 target price on the stock. Finally, StockNews.com lowered Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $216.09.

Installed Building Products Stock Performance

The business has a 50-day moving average price of $178.20 and a 200-day moving average price of $201.68. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $4.90 billion, a price-to-earnings ratio of 19.62 and a beta of 2.05.

Installed Building Products Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a dividend of $0.37 per share. This is a positive change from Installed Building Products’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Friday, March 14th. Installed Building Products’s dividend payout ratio is currently 16.26%.

Institutional Investors Weigh In On Installed Building Products

A number of large investors have recently modified their holdings of the business. Curio Wealth LLC acquired a new stake in Installed Building Products in the 4th quarter worth approximately $30,000. McIlrath & Eck LLC lifted its stake in shares of Installed Building Products by 32.3% during the fourth quarter. McIlrath & Eck LLC now owns 250 shares of the construction company’s stock worth $44,000 after buying an additional 61 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Installed Building Products by 295.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company’s stock worth $64,000 after buying an additional 272 shares during the period. Quarry LP grew its holdings in shares of Installed Building Products by 953.3% during the third quarter. Quarry LP now owns 316 shares of the construction company’s stock valued at $78,000 after buying an additional 286 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Installed Building Products in the 4th quarter valued at $90,000. Hedge funds and other institutional investors own 99.61% of the company’s stock.

About Installed Building Products

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.