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

Installed Building Products, Inc. (NYSE:IBP - Get Free Report) has been given a consensus rating of "Hold" by the twelve analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $216.09.

A number of research firms have issued reports on IBP. DA Davidson cut their target price on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Benchmark reduced their price objective on Installed Building Products from $250.00 to $210.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. StockNews.com downgraded Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Loop Capital cut their price target on Installed Building Products from $230.00 to $215.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Installed Building Products in a research note on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price target for the company.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IBP. Jacobson & Schmitt Advisors LLC increased its position in Installed Building Products by 5.8% during the first quarter. Jacobson & Schmitt Advisors LLC now owns 53,450 shares of the construction company's stock worth $9,164,000 after acquiring an additional 2,922 shares during the period. Victory Capital Management Inc. grew its position in Installed Building Products by 2.3% in the 1st quarter. Victory Capital Management Inc. now owns 37,614 shares of the construction company's stock worth $6,449,000 after purchasing an additional 857 shares during the last quarter. Kornitzer Capital Management Inc. KS bought a new position in shares of Installed Building Products during the 1st quarter worth about $5,230,000. CWM LLC raised its position in shares of Installed Building Products by 178.7% during the first quarter. CWM LLC now owns 588 shares of the construction company's stock valued at $101,000 after buying an additional 377 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of Installed Building Products by 0.9% in the first quarter. New York State Common Retirement Fund now owns 92,876 shares of the construction company's stock valued at $15,925,000 after buying an additional 837 shares during the period. 99.61% of the stock is currently owned by institutional investors and hedge funds.

Installed Building Products Stock Up 2.7 %

Shares of IBP traded up $4.52 during trading hours on Tuesday, reaching $171.08. The company's stock had a trading volume of 275,495 shares, compared to its average volume of 334,948. The company has a 50 day moving average of $169.23 and a two-hundred day moving average of $189.42. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The firm has a market cap of $4.72 billion, a price-to-earnings ratio of 19.01 and a beta of 1.84. Installed Building Products has a 1-year low of $151.27 and a 1-year high of $281.04.

Installed Building Products Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.37 per share. This is an increase from Installed Building Products's previous quarterly dividend of $0.35. The ex-dividend date was Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 0.87%. Installed Building Products's dividend payout ratio is presently 16.26%.

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.