Installed Building Products, Inc. (NYSE:IBP) Given Average Rating of “Hold” by Analysts

Shares of Installed Building Products, Inc. (NYSE:IBPGet Rating) have been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $103.20.

Several brokerages have recently weighed in on IBP. BTIG Research cut Installed Building Products from a “buy” rating to a “neutral” rating in a research report on Friday, August 5th. Royal Bank of Canada cut Installed Building Products from a “sector perform” rating to an “underperform” rating and decreased their price target for the company from $91.00 to $71.00 in a research report on Wednesday, June 22nd. StockNews.com raised Installed Building Products from a “hold” rating to a “buy” rating in a report on Monday, August 8th. The Goldman Sachs Group cut their price objective on Installed Building Products from $105.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, June 23rd. Finally, Deutsche Bank Aktiengesellschaft began coverage on Installed Building Products in a report on Wednesday, August 17th. They set a “hold” rating and a $108.00 price objective for the company.

Insiders Place Their Bets

In other Installed Building Products news, Director Michael H. Thomas sold 2,491 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $101.05, for a total value of $251,715.55. Following the completion of the sale, the director now owns 8,669 shares of the company’s stock, valued at $876,002.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 17.90% of the stock is owned by insiders.

Institutional Trading of Installed Building Products

Several hedge funds and other institutional investors have recently bought and sold shares of IBP. Vanguard Group Inc. lifted its position in Installed Building Products by 13.2% in the first quarter. Vanguard Group Inc. now owns 2,836,175 shares of the construction company’s stock valued at $239,629,000 after purchasing an additional 329,661 shares during the last quarter. Giverny Capital Inc. lifted its position in Installed Building Products by 152.0% in the first quarter. Giverny Capital Inc. now owns 397,624 shares of the construction company’s stock valued at $33,595,000 after purchasing an additional 239,866 shares during the last quarter. Findlay Park Partners LLP lifted its position in Installed Building Products by 7.8% in the first quarter. Findlay Park Partners LLP now owns 2,005,720 shares of the construction company’s stock valued at $169,463,000 after purchasing an additional 144,594 shares during the last quarter. Van Berkom & Associates Inc. lifted its position in Installed Building Products by 26.3% in the second quarter. Van Berkom & Associates Inc. now owns 681,497 shares of the construction company’s stock valued at $56,673,000 after purchasing an additional 142,090 shares during the last quarter. Finally, Royal London Asset Management Ltd. bought a new stake in Installed Building Products in the second quarter valued at approximately $11,274,000. Institutional investors own 78.79% of the company’s stock.

Installed Building Products Trading Down 0.2 %

Shares of Installed Building Products stock opened at $83.89 on Thursday. Installed Building Products has a 52-week low of $69.44 and a 52-week high of $141.43. The stock’s 50-day simple moving average is $94.62 and its 200 day simple moving average is $90.38. The stock has a market capitalization of $2.41 billion, a P/E ratio of 15.59 and a beta of 1.80. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.72 and a current ratio of 2.25.

Installed Building Products (NYSE:IBPGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The construction company reported $2.48 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.52. Installed Building Products had a return on equity of 50.89% and a net margin of 6.85%. The firm had revenue of $676.70 million for the quarter, compared to analysts’ expectations of $611.12 million. During the same period in the prior year, the business posted $1.59 earnings per share. The company’s revenue was up 38.6% on a year-over-year basis. As a group, research analysts anticipate that Installed Building Products will post 8.26 EPS for the current year.

Installed Building Products Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Wednesday, September 14th. Installed Building Products’s dividend payout ratio is currently 23.42%.

Installed Building Products Company Profile

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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 continental United States. The company offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials.

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Analyst Recommendations for Installed Building Products (NYSE:IBP)

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