Installed Building Products, Inc. (NYSE:IBP) Receives $253.70 Consensus PT from Brokerages

Installed Building Products, Inc. (NYSE:IBP) has earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $253.70.

IBP has been the subject of a number of research reports. Evercore ISI upped their price objective on Installed Building Products from $271.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. JPMorgan Chase & Co. increased their price target on shares of Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Stephens restated an “equal weight” rating and issued a $240.00 price objective on shares of Installed Building Products in a report on Monday, August 5th. Royal Bank of Canada cut shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and cut their price objective for the company from $203.00 to $197.00 in a research note on Friday, November 8th. Finally, Jefferies Financial Group lifted their target price on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th.

Institutional Trading of Installed Building Products

Several large investors have recently modified their holdings of the business. V Square Quantitative Management LLC purchased a new position in Installed Building Products during the 3rd quarter valued at $29,000. GHP Investment Advisors Inc. increased its position in shares of Installed Building Products by 185.7% during the third 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 period. CWM LLC raised its stake in Installed Building Products by 32.1% in the second quarter. CWM LLC now owns 255 shares of the construction company’s stock worth $52,000 after buying an additional 62 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in Installed Building Products by 152.2% in the third quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock worth $57,000 after buying an additional 140 shares during the period. Finally, Quarry LP boosted its position in Installed Building Products by 953.3% during the 3rd quarter. Quarry LP now owns 316 shares of the construction company’s stock valued at $78,000 after acquiring an additional 286 shares in the last quarter. 99.61% of the stock is owned by institutional investors.

Installed Building Products Stock Down 2.1 %

Shares of NYSE:IBP opened at $223.99 on Friday. The firm has a market capitalization of $6.30 billion, a PE ratio of 24.89 and a beta of 1.95. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. Installed Building Products has a 52-week low of $152.06 and a 52-week high of $281.04. The firm has a fifty day moving average of $229.43 and a 200 day moving average of $222.82.

Installed Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Friday, December 13th. Installed Building Products’s dividend payout ratio (DPR) is 15.56%.

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.