Installed Building Products, Inc. (NYSE:IBP) Receives $212.45 Average PT from Analysts

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

Several brokerages recently issued reports on IBP. Wall Street Zen downgraded shares of Installed Building Products from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Installed Building Products in a research report on Tuesday, April 1st. They set a "hold" rating and a $183.00 target price on the stock. Truist Financial cut their target price on shares of Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a research report on Monday, March 3rd. Benchmark cut their target price on shares of 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. Finally, Loop Capital cut their target price 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.

Institutional Trading of Installed Building Products

A number of institutional investors and hedge funds have recently modified their holdings of IBP. Curio Wealth LLC bought a new stake in Installed Building Products during the 4th quarter worth approximately $30,000. UMB Bank n.a. increased its stake 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 purchasing an additional 108 shares in the last quarter. Fifth Third Bancorp increased its stake in Installed Building Products by 74.6% during the 1st quarter. Fifth Third Bancorp now owns 227 shares of the construction company's stock worth $39,000 after purchasing an additional 97 shares in the last quarter. McIlrath & Eck LLC increased its stake in Installed Building Products by 32.3% during the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock worth $44,000 after purchasing an additional 61 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Installed Building Products by 295.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock worth $64,000 after purchasing an additional 272 shares in the last quarter. 99.61% of the stock is owned by institutional investors.

Installed Building Products Price Performance

NYSE IBP traded up $5.12 on Friday, hitting $159.91. 499,816 shares of the company were exchanged, compared to its average volume of 342,366. The firm has a 50 day moving average of $165.26 and a two-hundred day moving average of $181.09. The company has a market cap of $4.42 billion, a P/E ratio of 17.77 and a beta of 1.85. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. Installed Building Products has a 1-year low of $150.83 and a 1-year high of $281.04.

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 the consensus estimate of $2.23 by ($0.15). The company had revenue of $684.80 million for the quarter, compared to analyst estimates of $681.34 million. Installed Building Products had a return on equity of 43.56% and a net margin of 8.74%. The firm's quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the company earned $2.47 EPS. On average, equities analysts predict that Installed Building Products will post 10.66 EPS for the current year.

Installed Building Products Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.37 dividend. The ex-dividend date is Friday, June 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.93%. Installed Building Products's dividend payout ratio (DPR) is presently 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.