Installed Building Products (NYSE:IBP) Lowered to “Hold” Rating by StockNews.com

StockNews.com cut shares of Installed Building Products (NYSE:IBP) from a buy rating to a hold rating in a report issued on Tuesday.

A number of other equities analysts have also recently issued reports on IBP. Jefferies Financial Group lifted their target price on Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. DA Davidson decreased their target price on Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Evercore ISI lifted their target price on Installed Building Products from $271.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Stephens restated an “equal weight” rating and issued a $240.00 target price on shares of Installed Building Products in a report on Monday, August 5th. Finally, The Goldman Sachs Group raised their target price on Installed Building Products from $260.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $253.70.

Installed Building Products Stock Performance

Shares of NYSE IBP opened at $225.53 on Tuesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The firm has a market cap of $6.35 billion, a P/E ratio of 25.06 and a beta of 1.95. The stock has a fifty day moving average price of $230.03 and a two-hundred day moving average price of $222.90. Installed Building Products has a 1 year low of $145.75 and a 1 year high of $281.04.

Installed Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Sunday, December 15th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a yield of 0.62%. Installed Building Products’s payout ratio is 15.56%.

Institutional Trading of Installed Building Products

Institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new stake in Installed Building Products during the third quarter valued at $29,000. GHP Investment Advisors Inc. boosted its position in 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 purchasing an additional 78 shares during the last quarter. Advisors Asset Management Inc. boosted its position 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 purchasing an additional 140 shares during the last quarter. CWM LLC lifted its position in shares of 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 during the last quarter. Finally, Quarry LP lifted its position in shares of Installed Building Products by 953.3% in the third 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. Institutional investors and hedge funds own 99.61% of the company’s stock.

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.