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

Installed Building Products, Inc. (NYSE:IBP - Get Free Report) has received a consensus recommendation of "Hold" from the twelve analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $212.45.

Several research firms have recently commented on IBP. Deutsche Bank Aktiengesellschaft began coverage on Installed Building Products in a report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price target for the company. Loop Capital reduced their price target on Installed Building Products from $210.00 to $200.00 and set a "buy" rating for the company in a report on Monday, May 12th. Finally, Benchmark reduced their price target on Installed Building Products from $210.00 to $185.00 and set a "buy" rating for the company in a report on Friday, May 9th.

Institutional Investors Weigh In On Installed Building Products

Hedge funds have recently made changes to their positions in the business. Curio Wealth LLC acquired a new stake in shares of Installed Building Products during the fourth quarter worth $30,000. UMB Bank n.a. boosted its holdings in shares of Installed Building Products by 142.1% during the first quarter. UMB Bank n.a. now owns 184 shares of the construction company's stock worth $32,000 after purchasing an additional 108 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Installed Building Products by 74.6% during the first quarter. Fifth Third Bancorp now owns 227 shares of the construction company's stock worth $39,000 after purchasing an additional 97 shares during the last quarter. McIlrath & Eck LLC boosted its holdings in shares of Installed Building Products by 32.3% during the fourth quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock worth $44,000 after purchasing an additional 61 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Installed Building Products during the fourth quarter worth $90,000. Institutional investors and hedge funds own 99.61% of the company's stock.

Installed Building Products Stock Performance

Shares of NYSE IBP traded up $0.40 during trading hours on Friday, reaching $191.05. The stock had a trading volume of 423,159 shares, compared to its average volume of 350,413. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 21.78 and a beta of 1.74. The company has a current ratio of 2.89, a quick ratio of 2.31 and a debt-to-equity ratio of 1.28. Installed Building Products has a fifty-two week low of $150.83 and a fifty-two week high of $281.04. The firm has a 50-day moving average of $172.66 and a 200-day moving average of $174.95.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its 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). The firm had revenue of $684.80 million during the quarter, compared to analyst estimates of $681.34 million. Installed Building Products had a net margin of 8.39% and a return on equity of 60.73%. The firm's revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the company earned $2.47 earnings per share. Equities research analysts predict that Installed Building Products will post 10.66 earnings per share for the current year.

Installed Building Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Friday, June 13th. Installed Building Products's payout ratio is 16.88%.

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.