Installed Building Products (NYSE:IBP) Coverage Initiated by Analysts at Deutsche Bank Aktiengesellschaft

Analysts at Deutsche Bank Aktiengesellschaft started coverage on shares of Installed Building Products (NYSE:IBP) in a report issued on Tuesday, MarketBeat Ratings reports. The brokerage set a “hold” rating and a $183.00 price target on the construction company’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential upside of 3.99% from the stock’s current price.

IBP has been the subject of several other reports. Loop Capital reduced their price objective on Installed Building Products from $230.00 to $215.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. The Goldman Sachs Group decreased their price target on Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Evercore ISI lowered Installed Building Products from an “outperform” rating to an “underperform” rating and lowered their price target for the company from $238.00 to $206.00 in a report on Monday, December 16th. Truist Financial decreased their target price on shares of Installed Building Products from $240.00 to $180.00 and set a “hold” rating for the company in a research report on Monday, March 3rd. Finally, StockNews.com downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $216.09.

Installed Building Products Trading Up 1.9 %

Shares of NYSE:IBP opened at $175.97 on Tuesday. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The company’s 50-day moving average price is $179.05 and its 200 day moving average price is $201.94. The company has a market cap of $4.88 billion, a PE ratio of 19.55 and a beta of 2.05. Installed Building Products has a fifty-two week low of $159.77 and a fifty-two week high of $281.04.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Curio Wealth LLC purchased a new position in Installed Building Products in the 4th quarter worth about $30,000. McIlrath & Eck LLC boosted its holdings in shares of Installed Building Products by 32.3% in the fourth quarter. McIlrath & Eck LLC now owns 250 shares of the construction company’s stock worth $44,000 after buying an additional 61 shares during the period. Smartleaf Asset Management LLC increased its position in shares of Installed Building Products by 295.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company’s stock worth $64,000 after acquiring an additional 272 shares in the last quarter. Quarry LP increased 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 acquiring an additional 286 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Installed Building Products during the fourth quarter valued at approximately $90,000. Institutional investors and hedge funds own 99.61% of the company’s stock.

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.