Installed Building Products, Inc. (NYSE:IBP) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Analysts have a consensus “Hold” rating on Installed Building Products, with 10 hold, one sell and one buy recommendation. The average 12-month price target is $249.30.
• The company exceeded quarterly expectations, reporting adjusted EPS of $2.91 versus a $2.55 estimate and revenue of $777.8 million versus a $743.3 million consensus estimate; revenue increased 2.3% year over year.
• Installed Building Products declared a quarterly dividend of $0.39 per share, equivalent to a $1.56 annualized payout and a 0.8% yield. Institutional investors own approximately 99.61% of the company’s stock.

Shares of Installed Building Products, Inc. (NYSE:IBP - Get Free Report) have received an average recommendation of "Hold" from the twelve brokerages that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, ten have given a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $249.30.

A number of analysts have recently issued reports on IBP shares. Zacks Research upgraded shares of Installed Building Products from a "strong sell" rating to a "hold" rating in a research note on Monday, July 13th. Weiss Ratings restated a "hold (c)" rating on shares of Installed Building Products in a research note on Tuesday, August 18th. DA Davidson raised their price target on shares of Installed Building Products from $242.00 to $250.00 and gave the company a "neutral" rating in a report on Monday, August 10th. Finally, Evercore set a $246.00 price target on shares of Installed Building Products in a research note on Friday, August 7th.

Installed Building Products Price Performance

Shares of NYSE IBP opened at $201.51 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.98 and a quick ratio of 2.41. Installed Building Products has a 1-year low of $193.11 and a 1-year high of $349.00. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 21.69, a PEG ratio of 3.95 and a beta of 1.71. The business has a 50-day moving average of $233.42 and a 200-day moving average of $247.69.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its earnings results on Thursday, August 6th. The construction company reported $2.91 EPS for the quarter, beating the consensus estimate of $2.55 by $0.36. The business had revenue of $777.80 million for the quarter, compared to the consensus estimate of $743.33 million. Installed Building Products had a return on equity of 42.12% and a net margin of 8.46%.The company's revenue was up 2.3% on a year-over-year basis. During the same period last year, the business posted $2.95 EPS. On average, equities analysts anticipate that Installed Building Products will post 9.82 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.39 per share. The ex-dividend date is Tuesday, September 15th. This represents a $1.56 annualized dividend and a dividend yield of 0.8%. Installed Building Products's dividend payout ratio (DPR) is currently 16.79%.

Insider Activity

In other news, Director Janet Jackson sold 1,086 shares of Installed Building Products stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $237.06, for a total transaction of $257,447.16. Following the sale, the director directly owned 5,142 shares of the company's stock, valued at approximately $1,218,962.52. The trade was a 17.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 13.80% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. MGO One Seven LLC grew its holdings in Installed Building Products by 3.1% in the 4th quarter. MGO One Seven LLC now owns 1,133 shares of the construction company's stock valued at $294,000 after buying an additional 34 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Installed Building Products by 2.0% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 1,819 shares of the construction company's stock worth $472,000 after buying an additional 35 shares during the period. Maryland State Retirement & Pension System lifted its holdings in shares of Installed Building Products by 1.1% during the fourth quarter. Maryland State Retirement & Pension System now owns 3,315 shares of the construction company's stock worth $860,000 after buying an additional 35 shares during the last quarter. Abel Hall LLC lifted its holdings in shares of Installed Building Products by 2.8% during the first quarter. Abel Hall LLC now owns 1,289 shares of the construction company's stock worth $342,000 after buying an additional 35 shares during the last quarter. Finally, Petros Family Wealth LLC increased its position in Installed Building Products by 4.6% during the first quarter. Petros Family Wealth LLC now owns 905 shares of the construction company's stock worth $240,000 after acquiring an additional 40 shares during the period. Hedge funds and other institutional investors own 99.61% of the company's stock.

Installed Building Products Company Profile

Installed Building Products, Inc NYSE: IBP is a leading national installer of specialty building products serving the U.S. residential construction market. The company partners with homebuilders and contractors to deliver a comprehensive range of interior and exterior finishing services, including insulation, drywall finishing, protective coatings and basement waterproofing systems. By offering a single-source solution, Installed Building Products helps streamline project coordination and ensures consistent service quality across multiple trades.

Founded in 1977 and headquartered in Columbus, Ohio, Installed Building Products has expanded from a regional insulation installer into a nationwide platform operating in nearly every state.

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