Installed Building Products, Inc. (NYSE:IBP) Stock Has Average Target Price of $245.36 According to Analysts

Key Points

• Analysts hold a neutral view: Installed Building Products has a consensus “Hold” rating from 13 firms, with an average 12-month price target of $245.36.
• Shares have declined significantly: IBP opened at $191.68, near its 12-month low of $186.64 and well below its 50-day and 200-day moving averages of $224.41 and $234.90.
• Recent results exceeded expectations: The company reported quarterly EPS of $2.91 versus the $2.55 estimate and revenue of $777.8 million, up 2.3% year over year; it also pays a quarterly dividend of $0.39 per share.

Installed Building Products, Inc. (NYSE:IBP - Get Free Report) has earned a consensus rating of "Hold" from the thirteen research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $245.36.

Several research firms have recently weighed in on IBP. Evercore set a $222.00 target price on Installed Building Products in a research report on Friday, September 25th. Wells Fargo & Company reduced their target price on shares of Installed Building Products from $245.00 to $240.00 and set an "equal weight" rating on the stock in a research note on Friday, September 11th. Wall Street Zen cut shares of Installed Building Products from a "buy" rating to a "hold" rating in a research note on Sunday, September 27th. DA Davidson increased their price objective on shares of Installed Building Products from $242.00 to $250.00 and gave the stock a "neutral" rating in a research report on Monday, August 10th. Finally, Zacks Research upgraded Installed Building Products from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 1st.

Insider Buying and Selling

In other Installed Building Products news, Director Janet Jackson sold 1,086 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $237.06, for a total value of $257,447.16. Following the sale, the director owned 5,142 shares in the company, valued at $1,218,962.52. This trade represents a 17.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.80% of the stock is owned by company insiders.

Institutional Trading of Installed Building Products

A number of large investors have recently made changes to their positions in the stock. Argent Capital Management LLC increased its stake in Installed Building Products by 85.0% in the 3rd quarter. Argent Capital Management LLC now owns 1,833 shares of the construction company's stock worth $352,000 after buying an additional 842 shares during the period. Anchor Investment Management LLC increased its position in shares of Installed Building Products by 11.7% during the second quarter. Anchor Investment Management LLC now owns 1,340 shares of the construction company's stock worth $308,000 after acquiring an additional 140 shares during the period. WINTON GROUP Ltd bought a new stake in shares of Installed Building Products during the second quarter valued at approximately $1,180,000. Engineers Gate Manager LP purchased a new stake in shares of Installed Building Products in the second quarter valued at approximately $695,000. Finally, Summit Financial Strategies Inc. grew its stake in Installed Building Products by 79.2% in the second quarter. Summit Financial Strategies Inc. now owns 5,189 shares of the construction company's stock worth $1,193,000 after purchasing an additional 2,293 shares in the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Installed Building Products Stock Performance

Installed Building Products stock opened at $191.68 on Tuesday. The company's 50-day moving average price is $224.41 and its 200-day moving average price is $234.90. The company has a quick ratio of 2.41, a current ratio of 2.98 and a debt-to-equity ratio of 1.62. The company has a market cap of $5.09 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 3.59 and a beta of 1.71. Installed Building Products has a twelve month low of $186.64 and a twelve month high of $349.00.

Installed Building Products (NYSE:IBP - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The construction company reported $2.91 EPS for the quarter, topping the consensus estimate of $2.55 by $0.36. Installed Building Products had a return on equity of 42.12% and a net margin of 8.46%.The company had revenue of $777.80 million during the quarter, compared to analyst estimates of $743.33 million. During the same quarter last year, the business posted $2.95 earnings per share. The firm's revenue was up 2.3% on a year-over-year basis. On average, equities research analysts forecast that Installed Building Products will post 9.89 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th were issued a dividend of $0.39 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.56 dividend on an annualized basis and a yield of 0.8%. Installed Building Products's payout ratio is presently 16.79%.

About Installed Building Products

Installed Building Products, Inc NYSE: IBP is a residential and commercial building-products installation company headquartered in Columbus, Ohio. The company primarily serves homebuilders, contractors and homeowners by providing installation services for products used in new construction, renovation and remodeling projects.

Its core business is insulation installation, including fiberglass, spray foam, cellulose and other insulation products. Installed Building Products also offers installation of complementary building products such as garage doors, gutters, windows, doors, shower enclosures and closet systems, depending on the market.

Founded in 1977, the company has expanded through a network of local operating businesses serving customers across much of the United States.

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