Installed Building Products (NYSE:IBP) Cut to “Hold” at StockNews.com

Installed Building Products (NYSE:IBPGet Free Report) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Other analysts also recently issued research reports about the company. Jefferies Financial Group increased their target price on Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada cut Installed Building Products from a “sector perform” rating to an “underperform” rating and cut their price target for the company from $203.00 to $197.00 in a report on Friday, November 8th. DA Davidson cut their price target on Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a report on Friday, November 8th. Seaport Res Ptn cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Finally, The Goldman Sachs Group dropped 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 equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $240.40.

View Our Latest Research Report on Installed Building Products

Installed Building Products Price Performance

Shares of NYSE:IBP opened at $198.74 on Friday. The business has a 50 day moving average price of $196.10 and a 200 day moving average price of $216.83. Installed Building Products has a twelve month low of $169.02 and a twelve month high of $281.04. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 22.08 and a beta of 1.98. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18.

Institutional Investors Weigh In On Installed Building Products

Hedge funds and other institutional investors have recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new position in Installed Building Products in the 3rd quarter valued at $29,000. GHP Investment Advisors Inc. boosted its position in Installed Building Products by 185.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after buying an additional 78 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Installed Building Products by 152.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock valued at $57,000 after buying an additional 140 shares during the last quarter. Quarry LP boosted its position in Installed Building Products by 953.3% in the 3rd 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, Centaurus Financial Inc. bought a new position in Installed Building Products in the 3rd quarter valued at $111,000. 99.61% of the stock is owned by institutional investors and hedge funds.

About Installed Building Products

(Get Free Report)

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.

Read More

Analyst Recommendations for Installed Building Products (NYSE:IBP)

Receive News & Ratings for Installed Building Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Installed Building Products and related companies with MarketBeat.com's FREE daily email newsletter.