Analysts Set Installed Building Products, Inc. (NYSE:IBP) PT at $240.40

Shares of Installed Building Products, Inc. (NYSE:IBP) have received a consensus recommendation of “Hold” from the eleven ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $240.40.

A number of analysts have issued reports on IBP shares. Royal Bank of Canada lowered Installed Building Products from a “sector perform” rating to an “underperform” rating and decreased their price target for the stock from $203.00 to $197.00 in a research note on Friday, November 8th. JPMorgan Chase & Co. raised their target price on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. The Goldman Sachs Group dropped their price target on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. StockNews.com lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Finally, DA Davidson dropped their price objective 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.

Institutional Trading of Installed Building Products

Several institutional investors have recently added to or reduced their stakes in IBP. V Square Quantitative Management LLC acquired a new stake in shares of Installed Building Products in the 3rd quarter valued at about $29,000. GHP Investment Advisors Inc. increased its holdings in Installed Building Products by 185.7% in 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 last quarter. Advisors Asset Management Inc. raised its stake in Installed Building Products by 152.2% during the third 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 in the last quarter. Quarry LP lifted its holdings in Installed Building Products by 953.3% during the 3rd quarter. Quarry LP now owns 316 shares of the construction company’s stock worth $78,000 after buying an additional 286 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new position in shares of Installed Building Products in the 3rd quarter worth approximately $111,000. 99.61% of the stock is owned by institutional investors and hedge funds.

Installed Building Products Price Performance

IBP stock opened at $201.36 on Friday. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 22.37 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. Installed Building Products has a 52-week low of $169.02 and a 52-week high of $281.04. The stock’s fifty day simple moving average is $197.10 and its 200-day simple moving average is $218.12.

Installed Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th were issued a dividend of $0.35 per share. The ex-dividend date was Friday, December 13th. This represents a $1.40 annualized dividend and a yield of 0.70%. Installed Building Products’s dividend payout ratio is presently 15.56%.

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.