Installed Building Products, Inc. (NYSE:IBP) Receives Average Rating of "Hold" from Analysts

Shares of Installed Building Products, Inc. (NYSE:IBP - Get Free Report) have earned an average rating of "Hold" from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $212.45.

A number of analysts have recently weighed in on the company. Benchmark cut their price objective on 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. Loop Capital lowered their target price on shares of Installed Building Products from $210.00 to $200.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Installed Building Products in a research note on Tuesday, April 1st. They set a "hold" rating and a $183.00 target price for the company.

Hedge Funds Weigh In On Installed Building Products

Several large investors have recently bought and sold shares of the stock. Radnor Capital Management LLC boosted its stake in Installed Building Products by 19.4% in the second quarter. Radnor Capital Management LLC now owns 8,478 shares of the construction company's stock valued at $1,529,000 after acquiring an additional 1,375 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of Installed Building Products by 1,897.8% in the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 177,800 shares of the construction company's stock valued at $32,061,000 after buying an additional 168,900 shares during the last quarter. Gallacher Capital Management LLC raised its holdings in shares of Installed Building Products by 8.7% in the second quarter. Gallacher Capital Management LLC now owns 1,604 shares of the construction company's stock valued at $289,000 after buying an additional 128 shares during the last quarter. Trinity Financial Advisors LLC purchased a new stake in shares of Installed Building Products in the second quarter valued at about $1,244,000. Finally, Swedbank AB raised its holdings in shares of Installed Building Products by 8.5% in the first quarter. Swedbank AB now owns 358,000 shares of the construction company's stock valued at $61,383,000 after buying an additional 28,000 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company's stock.

Installed Building Products Stock Down 0.9%

IBP stock opened at $200.53 on Friday. The firm has a market cap of $5.54 billion, a PE ratio of 22.87 and a beta of 1.74. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.31 and a current ratio of 2.89. The firm's 50 day moving average price is $171.57 and its 200-day moving average price is $174.68. Installed Building Products has a one year low of $150.83 and a one year high of $281.04.

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 analysts' expectations 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 in the previous year, the firm earned $2.47 EPS. On average, equities research analysts anticipate that Installed Building Products will post 10.66 EPS for the current year.

Installed Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a $0.37 dividend. The ex-dividend date was Friday, June 13th. This represents a $1.48 annualized dividend and a yield of 0.74%. Installed Building Products's dividend payout ratio is presently 16.88%.

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.

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