Loop Capital Cuts Installed Building Products (NYSE:IBP) Price Target to $200.00

Installed Building Products (NYSE:IBP - Free Report) had its target price cut by Loop Capital from $210.00 to $200.00 in a research report released on Monday,Benzinga reports. They currently have a buy rating on the construction company's stock.

Other research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Installed Building Products in a report on Tuesday, April 1st. They set a "hold" rating and a $183.00 price objective for the company. Benchmark lowered their price objective 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. StockNews.com downgraded Installed Building Products from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Truist Financial lowered their price target on Installed Building Products from $240.00 to $180.00 and set a "hold" rating for the company in a report on Monday, March 3rd. Finally, The Goldman Sachs Group reduced their price target on shares of Installed Building Products from $262.00 to $228.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Installed Building Products has a consensus rating of "Hold" and an average price target of $212.45.

Installed Building Products Stock Down 0.8%

Shares of NYSE IBP traded down $1.31 during midday trading on Monday, reaching $161.88. 162,540 shares of the company's stock were exchanged, compared to its average volume of 338,252. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. Installed Building Products has a 52-week low of $151.27 and a 52-week high of $281.04. The business's fifty day moving average price is $168.38 and its two-hundred day moving average price is $185.71. The stock has a market capitalization of $4.47 billion, a PE ratio of 17.98 and a beta of 1.85.

Installed Building Products (NYSE:IBP - Get Free Report) last posted its quarterly earnings data 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). Installed Building Products had a return on equity of 43.56% and a net margin of 8.74%. The business had revenue of $684.80 million for the quarter, compared to analysts' expectations of $681.34 million. During the same quarter in the prior year, the firm earned $2.47 earnings per share. Installed Building Products's revenue for the quarter was down 1.2% compared to the same quarter last year. Analysts forecast that Installed Building Products will post 10.66 EPS for the current year.

Installed Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 0.91%. The ex-dividend date is Friday, June 13th. Installed Building Products's payout ratio is 16.88%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Curio Wealth LLC purchased a new stake in shares of Installed Building Products in the fourth quarter worth approximately $30,000. UMB Bank n.a. grew its holdings in shares of Installed Building Products by 142.1% during the 1st quarter. UMB Bank n.a. now owns 184 shares of the construction company's stock valued at $32,000 after acquiring an additional 108 shares in the last quarter. Fifth Third Bancorp grew its stake in Installed Building Products by 74.6% in the first quarter. Fifth Third Bancorp now owns 227 shares of the construction company's stock valued at $39,000 after purchasing an additional 97 shares in the last quarter. McIlrath & Eck LLC raised its stake in shares of 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 holdings in Installed Building Products by 295.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock worth $64,000 after buying an additional 272 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.