Installed Building Products, Inc. (NYSE:IBP) Stock Now Rated "Hold" by Wall Street Analysts

Key Points

• Analysts have a consensus “Hold” rating on Installed Building Products, with 11 holds, two buys and one sell among 14 firms. The average 12-month price target is $229.08, though several analysts recently lowered their targets.
• IBP reported quarterly EPS of $2.91, beating the $2.55 consensus estimate, while revenue rose 2.3% year over year to $777.8 million. Analysts expect full-year EPS of approximately $9.75.
• The stock opened at $213.35, well below its 52-week high of $349.00, and pays a quarterly dividend of $0.39 per share, yielding about 0.7%. Institutional investors own 99.61% of the company.

Installed Building Products, Inc. (NYSE:IBP - Get Free Report) has received a consensus recommendation of "Hold" from the fourteen research firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $229.08.

A number of equities research analysts have recently weighed in on the stock. Truist Financial dropped their price target on shares of Installed Building Products from $200.00 to $160.00 and set a "hold" rating for the company in a research report on Thursday, October 8th. Wells Fargo & Company cut their price objective on shares of Installed Building Products from $240.00 to $195.00 and set an "equal weight" rating for the company in a research report on Friday, October 16th. Royal Bank Of Canada reduced their price objective on shares of Installed Building Products from $228.00 to $208.00 and set a "sector perform" rating on the stock in a research note on Wednesday, October 7th. Melius Research began coverage on shares of Installed Building Products in a report on Tuesday, October 6th. They issued a "hold" rating and a $217.00 target price on the stock. Finally, Wall Street Zen cut shares of Installed Building Products from a "buy" rating to a "hold" rating in a research report on Sunday, September 27th.

Insider Activity

In other news, Director Janet Jackson sold 1,086 shares of the business's stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $237.06, for a total transaction of $257,447.16. Following the completion of the transaction, the director 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 13.80% of the company's stock.

Institutional Trading of Installed Building Products

Several large investors have recently bought and sold shares of IBP. Meeder Asset Management Inc. bought a new stake in Installed Building Products in the first quarter valued at approximately $30,000. Keating Financial Advisory Services Inc. bought a new position in Installed Building Products during the 2nd quarter worth approximately $31,000. Parallel Advisors LLC raised its holdings in Installed Building Products by 446.7% during the 1st quarter. Parallel Advisors LLC now owns 164 shares of the construction company's stock worth $44,000 after purchasing an additional 134 shares during the last quarter. Covestor Ltd lifted its position in shares of Installed Building Products by 47.6% in the 3rd 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, USA Financial Formulas bought a new stake in shares of Installed Building Products in the 3rd quarter valued at $37,000. 99.61% of the stock is owned by institutional investors and hedge funds.

Installed Building Products Price Performance

Shares of Installed Building Products stock opened at $213.35 on Friday. Installed Building Products has a twelve month low of $176.15 and a twelve month high of $349.00. 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 50-day simple moving average of $206.89 and a two-hundred day simple moving average of $247.54. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 22.97, a price-to-earnings-growth ratio of 8.43 and a beta of 1.71.

Installed Building Products (NYSE:IBP - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The construction company reported $2.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.55 by $0.36. Installed Building Products had a net margin of 8.46% and a return on equity of 42.12%. The firm had revenue of $777.80 million during the quarter, compared to the consensus estimate of $743.33 million. During the same quarter in the previous year, the firm posted $2.95 EPS. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. Analysts forecast that Installed Building Products will post 9.75 EPS for the current year.

Installed Building Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were paid a dividend of $0.39 per share. The ex-dividend date was Tuesday, September 15th. This represents a $1.56 annualized dividend and a yield of 0.7%. Installed Building Products's dividend payout ratio is presently 16.79%.

Installed Building Products Company Profile

Installed Building Products, Inc NYSE: IBP is a residential and commercial building-services company that provides installation services for insulation and other construction products. The company serves homebuilders, contractors, remodelers and other customers through a network of specialized installation businesses.

Its primary offerings include fiberglass, spray foam and blown-in insulation, as well as the installation of garage doors, gutters, fireplaces, shower enclosures, closet systems and other complementary building products.

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