Installed Building Products (NYSE:IBP) Rating Lowered to "Hold" at Wall Street Zen

Installed Building Products (NYSE:IBP - Get Free Report) was downgraded by Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

A number of other brokerages also recently issued reports on IBP. Loop Capital downgraded Installed Building Products from a "buy" rating to a "hold" rating and set a $255.00 price target on the stock. in a report on Friday, August 8th. Royal Bank Of Canada restated an "underperform" rating and set a $184.00 target price (up previously from $145.00) on shares of Installed Building Products in a research note on Thursday, August 7th. Zelman & Associates upgraded shares of Installed Building Products from an "underperform" rating to a "neutral" rating in a research report on Friday, August 8th. Zacks Research upgraded shares of Installed Building Products from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 14th. Finally, Danske downgraded shares of Installed Building Products from a "buy" rating to a "hold" rating and set a $252.00 price objective on the stock. in a research report on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $217.36.

Installed Building Products Stock Performance

IBP stock opened at $241.73 on Friday. The stock has a market capitalization of $6.61 billion, a PE ratio of 26.89 and a beta of 1.83. Installed Building Products has a 12-month low of $150.83 and a 12-month high of $280.00. The company has a current ratio of 2.85, a quick ratio of 2.31 and a debt-to-equity ratio of 1.27. The stock's 50 day simple moving average is $253.23 and its 200 day simple moving average is $200.58.

Installed Building Products (NYSE:IBP - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The construction company reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.50. The business had revenue of $760.30 million for the quarter, compared to analysts' expectations of $711.37 million. Installed Building Products had a return on equity of 60.27% and a net margin of 8.45%.The firm's quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $2.84 EPS. As a group, research analysts forecast that Installed Building Products will post 10.66 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Brad A. Wheeler sold 3,186 shares of the firm's stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $275.29, for a total transaction of $877,073.94. Following the sale, the chief operating officer directly owned 8,736 shares in the company, valued at $2,404,933.44. This trade represents a 26.72% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William Jeffrey Hire sold 6,500 shares of the firm's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $265.71, for a total transaction of $1,727,115.00. Following the sale, the insider owned 37,999 shares in the company, valued at $10,096,714.29. The trade was a 14.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,655 shares of company stock valued at $3,123,578 over the last 90 days. Company insiders own 16.20% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IBP. Eminence Capital LP purchased a new position in Installed Building Products in the 1st quarter worth approximately $109,114,000. Timucuan Asset Management Inc. FL bought a new stake in shares of Installed Building Products during the first quarter valued at approximately $85,786,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Installed Building Products by 190.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 302,292 shares of the construction company's stock valued at $51,831,000 after buying an additional 198,391 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its position in shares of Installed Building Products by 1,897.8% during 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. Finally, Orion Porfolio Solutions LLC increased its holdings in Installed Building Products by 4,659.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 171,897 shares of the construction company's stock valued at $30,996,000 after acquiring an additional 168,285 shares during the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

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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