Installed Building Products (NYSE:IBP) Stock Rating Raised to Strong-Buy at Stonex Financial

Key Points

• StoneX upgraded Installed Building Products from Hold to Strong Buy. Analyst views remain mixed overall: MarketBeat reports a consensus Hold rating and an average target price of $235.21.
• Shares rose 1.9% to $228.02 on Thursday. The company’s latest quarter showed revenue of $808.4 million, above estimates and up 3.9% year over year, while EPS of $2.76 fell short of the $2.83 consensus.
• Deutsche Bank also upgraded the stock to Buy and raised its price target to $260, while RBC cut its target to $194 and maintained a Sector Perform rating.

Installed Building Products (NYSE:IBP - Get Free Report) was upgraded by equities research analysts at Stonex Financial from a "hold" rating to a "strong-buy" rating in a report issued on Thursday, Zacks reports.

Several other equities analysts have also commented on IBP. Evercore set a $222.00 price target on Installed Building Products in a research report on Friday, September 25th. Royal Bank Of Canada lowered their price objective on shares of Installed Building Products from $208.00 to $194.00 and set a "sector perform" rating for the company in a research report on Friday, November 6th. Deutsche Bank upgraded shares of Installed Building Products from a "hold" rating to a "buy" rating and lifted their price objective for the company from $212.00 to $260.00 in a research note on Friday. Weiss Ratings reissued a "hold (c)" rating on shares of Installed Building Products in a research report on Tuesday, August 18th. Finally, Truist Financial boosted their target price on shares of Installed Building Products from $160.00 to $180.00 and gave the stock a "hold" rating in a research report on Friday, November 6th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $235.21.

Installed Building Products Stock Up 1.9%

NYSE IBP traded up $4.26 during trading hours on Thursday, hitting $228.02. The company had a trading volume of 934,026 shares, compared to its average volume of 431,205. Installed Building Products has a fifty-two week low of $176.15 and a fifty-two week high of $349.00. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 25.94, a P/E/G ratio of 11.11 and a beta of 1.65. The company has a debt-to-equity ratio of 1.47, a current ratio of 3.12 and a quick ratio of 2.54. The firm's 50 day moving average is $202.62 and its 200 day moving average is $243.39.

Installed Building Products (NYSE:IBP - Get Free Report) last posted its earnings results on Thursday, November 5th. The construction company reported $2.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.83 by ($0.07). Installed Building Products had a net margin of 7.87% and a return on equity of 39.86%. The company had revenue of $808.40 million during the quarter, compared to analyst estimates of $787.70 million. During the same quarter last year, the business posted $3.18 EPS. Installed Building Products's quarterly revenue was up 3.9% compared to the same quarter last year. Sell-side analysts anticipate that Installed Building Products will post 9.54 earnings per share for the current fiscal year.

Insider Activity at Installed Building Products

In related news, Director Janet Jackson sold 1,086 shares of the business's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $237.06, for a total value of $257,447.16. Following the transaction, the director owned 5,142 shares in the company, valued at approximately $1,218,962.52. The trade was a 17.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 13.80% of the company's stock.

Institutional Investors Weigh In On Installed Building Products

Hedge funds have recently bought and sold shares of the business. Commonwealth Equity Services LLC increased its holdings in shares of Installed Building Products by 1.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 3,192 shares of the construction company's stock valued at $613,000 after purchasing an additional 47 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Installed Building Products by 5.0% during the first quarter. Lazard Asset Management LLC now owns 1,070 shares of the construction company's stock worth $284,000 after purchasing an additional 51 shares during the period. Apollon Wealth Management LLC boosted its holdings in shares of Installed Building Products by 5.0% during the third quarter. Apollon Wealth Management LLC now owns 1,101 shares of the construction company's stock worth $211,000 after purchasing an additional 52 shares during the period. Covestor Ltd boosted its holdings in shares of Installed Building Products by 47.6% during the third quarter. Covestor Ltd now owns 186 shares of the construction company's stock worth $36,000 after purchasing an additional 60 shares during the period. Finally, Glenmede Trust Co. NA grew its position in Installed Building Products by 2.6% during the first quarter. Glenmede Trust Co. NA now owns 2,537 shares of the construction company's stock valued at $673,000 after purchasing an additional 64 shares in the last quarter. Institutional investors and hedge funds own 99.61% of the company's stock.

Installed Building Products News Summary

Investors following IBP have been watching these news items:

• Positive Sentiment: The Old Dominion acquisition broadens IBP’s commercial and industrial presence, adding a potential growth avenue beyond its existing business. Article: Installed Building Products acquisition expands commercial installation platform
• Positive Sentiment: StoneX raised its rating on IBP from Hold to Buy and set a $275 price target, providing a bullish analyst signal. Article: Installed Building Products rating raised to Buy at StoneX
• Neutral Sentiment: Coverage highlights a debate over whether the $698 million deal creates enough value to warrant its cost. The acquisition may strengthen IBP’s growth profile, but the payoff remains a key question for investors. Article: Does Installed Building Products Have More Value After Its Deal?

About Installed Building Products

Installed Building Products, Inc. is a U.S. building-products installation company headquartered in Columbus, Ohio. Founded in 1977, the company serves residential builders, commercial contractors, and homeowners through a network of local operating businesses across the United States. The company's core business is installing insulation in new construction and existing buildings. Its offerings include fiberglass, cellulose, and spray-foam insulation, along with related weatherization services. Installed Building Products also installs complementary products such as garage doors, rain gutters, shower doors, and closet shelving.

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