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

Key Points

• Installed Building Products, Inc. (IBP) received an average recommendation of "Hold" from fourteen brokerages, with two ratings for sell, ten for hold, and two for buy.
• The company reported an earnings per share of $2.95 for the last quarter, exceeding analysts' expectations of $2.45, with a revenue increase to $760.30 million year-over-year.
• Installed Building Products has announced a quarterly dividend of $0.37 per share, with an annualized dividend yield of 0.6% set for payment on September 30th.

Installed Building Products, Inc. (NYSE:IBP - Get Free Report) has been assigned a consensus rating of "Hold" from the fourteen analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $217.3636.

A number of analysts have recently issued reports on the stock. Jefferies Financial Group increased their price target on shares of Installed Building Products from $175.00 to $225.00 and gave the stock a "hold" rating in a research report on Tuesday, August 12th. Royal Bank Of Canada reaffirmed an "underperform" rating and set a $184.00 price objective (up previously from $145.00) on shares of Installed Building Products in a research report on Thursday, August 7th. Danske lowered shares of Installed Building Products from a "buy" rating to a "hold" rating and set a $252.00 price objective on the stock. in a research report on Tuesday, August 12th. Benchmark cut their price objective on shares of Installed Building Products from $210.00 to $185.00 and set a "buy" rating on the stock in a research report on Friday, May 9th. Finally, Zelman & Associates raised shares of Installed Building Products from an "underperform" rating to a "neutral" rating in a research report on Friday, August 8th.

Insider Buying and Selling at Installed Building Products

In related news, Director Janet E. Jackson sold 1,469 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $266.00, for a total transaction of $390,754.00. Following the transaction, the director owned 6,873 shares of the company's stock, valued at approximately $1,828,218. This trade represents a 17.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Brad A. Wheeler sold 3,186 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $275.29, for a total transaction of $877,073.94. Following the transaction, the chief operating officer directly owned 8,736 shares in the company, valued at approximately $2,404,933.44. The trade was a 26.72% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,655 shares of company stock worth $3,123,578 in the last ninety days. Insiders own 16.20% of the company's stock.

Hedge Funds Weigh In On Installed Building Products

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Curio Wealth LLC grew its holdings in Installed Building Products by 16,800.0% during the second quarter. Curio Wealth LLC now owns 169 shares of the construction company's stock valued at $30,000 after purchasing an additional 168 shares during the last quarter. UMB Bank n.a. grew its holdings in Installed Building Products by 142.1% during the first quarter. UMB Bank n.a. now owns 184 shares of the construction company's stock valued at $32,000 after purchasing an additional 108 shares during the last quarter. SRH Advisors LLC grew its holdings in Installed Building Products by 70.8% during the second quarter. SRH Advisors LLC now owns 205 shares of the construction company's stock valued at $37,000 after purchasing an additional 85 shares during the last quarter. Fifth Third Bancorp grew its holdings in Installed Building Products by 74.6% during the first quarter. Fifth Third Bancorp now owns 227 shares of the construction company's stock valued at $39,000 after purchasing an additional 97 shares during the last quarter. Finally, McIlrath & Eck LLC grew its holdings 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 purchasing an additional 61 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company's stock.

Installed Building Products Stock Up 2.4%

Shares of NYSE IBP traded up $6.25 during mid-day trading on Monday, reaching $271.00. The company had a trading volume of 119,773 shares, compared to its average volume of 441,451. The stock has a fifty day moving average of $224.54 and a two-hundred day moving average of $187.31. The company has a debt-to-equity ratio of 1.27, a quick ratio of 2.31 and a current ratio of 2.85. The company has a market capitalization of $7.41 billion, a price-to-earnings ratio of 30.14 and a beta of 1.76. Installed Building Products has a 12-month low of $150.83 and a 12-month high of $278.74.

Installed Building Products (NYSE:IBP - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The construction company reported $2.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.45 by $0.50. The business had revenue of $760.30 million during the quarter, compared to analyst estimates of $711.37 million. Installed Building Products had a net margin of 8.45% and a return on equity of 60.27%. The firm's revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.84 earnings per share. As a group, equities research analysts expect that Installed Building Products will post 10.66 EPS for the current year.

Installed Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Monday, September 15th. Installed Building Products's dividend payout ratio (DPR) is presently 16.46%.

About Installed Building Products

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.