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

Key Points

• Installed Building Products, Inc. has received an average rating of "Hold" from analysts, with two sell recommendations, ten hold, and two buy recommendations.
• The company recently reported earnings of $2.95 per share, exceeding analysts' expectations of $2.45, along with a revenue increase of 3.1% year-over-year.
• Installed Building Products declared a quarterly dividend of $0.37, representing an annual yield of 0.6%, to be paid on September 30th to shareholders of record on September 15th.

Installed Building Products, Inc. (NYSE:IBP - Get Free Report) has been given an average rating of "Hold" by the fourteen ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $217.3636.

Several research firms have recently issued reports on IBP. Jefferies Financial Group increased their price objective 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. Danske cut shares of Installed Building Products from a "buy" rating to a "hold" rating and set a $252.00 target price on the stock. in a research note on Tuesday, August 12th. Royal Bank Of Canada reaffirmed an "underperform" rating and issued a $184.00 price target (up previously from $145.00) on shares of Installed Building Products in a report on Thursday, August 7th. Zacks Research upgraded shares of Installed Building Products from a "strong sell" rating to a "hold" rating in a report on Thursday, August 14th. Finally, Loop Capital downgraded shares of Installed Building Products from a "buy" rating to a "hold" rating and set a $255.00 price target on the stock. in a report on Friday, August 8th.

Insider Activity

In other Installed Building Products news, CAO Todd R. Fry sold 500 shares of the business's stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $257.27, for a total value of $128,635.00. Following the completion of the transaction, the chief accounting officer directly owned 6,822 shares of the company's stock, valued at approximately $1,755,095.94. The trade was a 6.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider William Jeffrey Hire sold 6,500 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $265.71, for a total transaction of $1,727,115.00. Following the sale, the insider directly owned 37,999 shares of the company's stock, valued at approximately $10,096,714.29. This trade represents a 14.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,655 shares of company stock worth $3,123,578. Corporate insiders own 16.20% of the company's stock.

Institutional Investors Weigh In On Installed Building Products

A number of institutional investors have recently modified their holdings of the business. Curio Wealth LLC raised its stake 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 worth $30,000 after acquiring an additional 168 shares in the last quarter. UMB Bank n.a. grew its holdings in Installed Building Products by 142.1% during the 1st quarter. UMB Bank n.a. now owns 184 shares of the construction company's stock worth $32,000 after acquiring an additional 108 shares during the last quarter. SRH Advisors LLC increased its position in Installed Building Products by 70.8% in the 2nd quarter. SRH Advisors LLC now owns 205 shares of the construction company's stock valued at $37,000 after acquiring an additional 85 shares during the period. Fifth Third Bancorp increased its position in Installed Building Products by 74.6% in the 1st quarter. Fifth Third Bancorp now owns 227 shares of the construction company's stock valued at $39,000 after acquiring an additional 97 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in Installed Building Products by 14.0% in the 2nd quarter. Smartleaf Asset Management LLC now owns 439 shares of the construction company's stock valued at $78,000 after acquiring an additional 54 shares during the period. Institutional investors own 99.61% of the company's stock.

Installed Building Products Stock Performance

NYSE:IBP opened at $249.44 on Friday. The company has a quick ratio of 2.31, a current ratio of 2.85 and a debt-to-equity ratio of 1.27. The company has a market cap of $6.82 billion, a P/E ratio of 27.75 and a beta of 1.76. Installed Building Products has a fifty-two week low of $150.83 and a fifty-two week high of $280.00. The firm's 50 day moving average is $247.40 and its two-hundred day moving average is $197.49.

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 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 the consensus estimate of $711.37 million. During the same quarter last year, the firm posted $2.84 earnings per share. Installed Building Products's revenue was up 3.1% on a year-over-year basis. Analysts expect that Installed Building Products will post 10.66 EPS for the current year.

Installed Building Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given 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 dividend payout ratio is 16.46%.

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.

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