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

Key Points

• Installed Building Products, Inc. has a consensus recommendation of "Hold" from eleven brokerages, with two sell ratings, five hold ratings, and four buy ratings.
• The company's latest quarterly earnings reported $2.08 per share, missing the analysts' expectations of $2.23, with revenue of $684.80 million, reflecting a 1.2% decrease year-on-year.
• Institutional investors and hedge funds own 99.61% of Installed Building Products' stock, indicating strong institutional confidence in the company's performance.

Shares of Installed Building Products, Inc. (NYSE:IBP - Get Free Report) have been assigned a consensus recommendation of "Hold" from the eleven brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $209.70.

Several research firms have issued reports on IBP. Loop Capital decreased their price target on shares of Installed Building Products from $210.00 to $200.00 and set a "buy" rating on the stock in a research report on Monday, May 12th. Benchmark decreased their target price on Installed Building Products from $210.00 to $185.00 and set a "buy" rating on the stock in a report on Friday, May 9th.

Installed Building Products Trading Down 1.9%

Installed Building Products stock opened at $211.52 on Thursday. Installed Building Products has a 12-month low of $150.83 and a 12-month high of $259.59. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.89 and a quick ratio of 2.31. The stock has a market capitalization of $5.84 billion, a PE ratio of 24.12 and a beta of 1.73. The firm has a 50 day simple moving average of $185.70 and a 200-day simple moving average of $177.42.

Installed Building Products (NYSE:IBP - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The construction company reported $2.08 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.23 by ($0.15). Installed Building Products had a net margin of 8.39% and a return on equity of 60.73%. The firm had revenue of $684.80 million for the quarter, compared to the consensus estimate of $681.34 million. During the same period in the previous year, the business posted $2.47 earnings per share. The business's revenue for the quarter was down 1.2% compared to the same quarter last year. As a group, equities research analysts expect that Installed Building Products will post 10.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IBP. GAMMA Investing LLC grew its stake in Installed Building Products by 107.1% in the first quarter. GAMMA Investing LLC now owns 986 shares of the construction company's stock valued at $169,000 after purchasing an additional 510 shares in the last quarter. Fifth Third Bancorp grew its stake in shares of 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 buying an additional 97 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in Installed Building Products by 27.2% in the first quarter. Crossmark Global Holdings Inc. now owns 2,212 shares of the construction company's stock worth $379,000 after buying an additional 473 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Installed Building Products by 36.6% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 2,079 shares of the construction company's stock valued at $356,000 after acquiring an additional 557 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in Installed Building Products by 1.7% in the first quarter. Stratos Wealth Partners LTD. now owns 4,173 shares of the construction company's stock valued at $716,000 after acquiring an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company's stock.

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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