DA Davidson Has Positive Outlook for IBP FY2025 Earnings

Key Points

• DA Davidson has raised its FY2025 earnings per share (EPS) estimate for Installed Building Products to $9.67, up from a previous estimate of $9.35, while maintaining a "Hold" rating and a price target of $252.00.
• Installed Building Products reported $2.95 EPS for the latest quarter, exceeding analysts’ expectations, with revenue of $760.30 million, reflecting a 3.1% year-over-year increase.
• The company will distribute a quarterly dividend of $0.37 on September 30th, with an annualized dividend yield of 0.6%.

Installed Building Products, Inc. (NYSE:IBP - Free Report) - Analysts at DA Davidson lifted their FY2025 earnings estimates for Installed Building Products in a research report issued to clients and investors on Wednesday, August 13th. DA Davidson analyst K. Yinger now expects that the construction company will earn $9.67 per share for the year, up from their previous estimate of $9.35. DA Davidson has a "Neutral" rating and a $252.00 price objective on the stock. The consensus estimate for Installed Building Products' current full-year earnings is $10.66 per share.

IBP has been the topic of a number of other research reports. Jefferies Financial Group raised their target price on Installed Building Products from $175.00 to $225.00 and gave the company a "hold" rating in a report on Tuesday, August 12th. Royal Bank Of Canada restated an "underperform" rating and set a $184.00 price objective (up from $145.00) on shares of Installed Building Products in a research note on Thursday, August 7th. Loop Capital lowered shares of Installed Building Products from a "buy" rating to a "hold" rating and set a $255.00 target price for the company. in a research note on Friday, August 8th. Zelman & Associates upgraded shares of Installed Building Products from an "underperform" rating to a "neutral" rating in a report on Friday, August 8th. Finally, Danske cut shares of Installed Building Products from a "buy" rating to a "hold" rating and set a $252.00 price target on the stock. in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Installed Building Products currently has an average rating of "Hold" and a consensus target price of $217.36.

Installed Building Products Stock Down 0.5%

IBP traded down $1.37 during midday trading on Friday, reaching $265.84. 345,810 shares of the company were exchanged, compared to its average volume of 671,236. The company has a market cap of $7.27 billion, a price-to-earnings ratio of 29.57 and a beta of 1.73. Installed Building Products has a one year low of $150.83 and a one year high of $275.76. The company's fifty day moving average price is $201.49 and its 200 day moving average price is $180.48. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.31 and a current ratio of 2.85.

Installed Building Products (NYSE:IBP - Get Free Report) last posted its earnings results on Thursday, August 7th. The construction company reported $2.95 earnings per share for the quarter, topping analysts' consensus estimates of $2.45 by $0.50. Installed Building Products had a net margin of 8.45% and a return on equity of 60.27%. The company had revenue of $760.30 million for the quarter, compared to analyst estimates of $711.37 million. During the same quarter in the prior year, the business posted $2.84 EPS. The firm's revenue was up 3.1% compared to the same quarter last year.

Installed Building Products Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, September 15th. Installed Building Products's payout ratio is presently 16.46%.

Insider Transactions at Installed Building Products

In other Installed Building Products news, insider William Jeffrey Hire sold 6,500 shares of the business's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $265.71, for a total value of $1,727,115.00. Following the sale, the insider directly owned 37,999 shares in the company, valued at $10,096,714.29. The trade was a 14.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Todd R. Fry sold 500 shares of the company's stock in a transaction on Monday, August 11th. The shares were sold at an average price of $257.27, for a total value of $128,635.00. Following the transaction, the chief accounting officer directly owned 6,822 shares in the company, valued at $1,755,095.94. This represents a 6.83% decrease in their position. The disclosure for this sale can be found here. 16.20% of the stock is owned by insiders.

Institutional Trading of Installed Building Products

A number of institutional investors have recently modified their holdings of IBP. Smartleaf Asset Management LLC increased its position in shares of Installed Building Products by 14.0% during the second quarter. Smartleaf Asset Management LLC now owns 439 shares of the construction company's stock valued at $78,000 after buying an additional 54 shares during the period. McIlrath & Eck LLC grew its stake in Installed Building Products by 32.3% during the fourth quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock valued at $44,000 after acquiring an additional 61 shares in the last quarter. Inspire Advisors LLC increased its holdings in Installed Building Products by 1.3% during the 2nd quarter. Inspire Advisors LLC now owns 4,844 shares of the construction company's stock worth $874,000 after acquiring an additional 61 shares during the period. Xponance Inc. lifted its stake in Installed Building Products by 3.9% in the 1st quarter. Xponance Inc. now owns 1,802 shares of the construction company's stock worth $309,000 after purchasing an additional 67 shares in the last quarter. Finally, Stratos Wealth Partners LTD. boosted its holdings in Installed Building Products by 1.7% in the 1st quarter. Stratos Wealth Partners LTD. now owns 4,173 shares of the construction company's stock valued at $716,000 after purchasing an additional 68 shares during the period. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

Installed Building Products Company Profile

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.