Installed Building Products (NYSE:IBP) Price Target Cut to $200.00 by Analysts at Loop Capital

Installed Building Products (NYSE:IBP - Free Report) had its price objective decreased by Loop Capital from $210.00 to $200.00 in a research note issued to investors on Monday morning,Benzinga reports. Loop Capital currently has a buy rating on the construction company's stock.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group cut their price objective 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. StockNews.com downgraded shares of Installed Building Products from a "buy" rating to a "hold" rating in a research report on Friday, February 28th. Truist Financial cut their price objective 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. DA Davidson cut their price objective on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Installed Building Products in a research report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Installed Building Products presently has an average rating of "Hold" and an average target price of $212.45.

Installed Building Products Stock Up 2.1%

NYSE IBP traded up $3.43 during trading on Monday, reaching $165.96. 245,306 shares of the company's stock traded hands, compared to its average volume of 337,443. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 18.44 and a beta of 1.85. The company's 50 day simple moving average is $167.91 and its two-hundred day simple moving average is $184.64. Installed Building Products has a 12-month low of $151.27 and a 12-month high of $281.04.

Installed Building Products (NYSE:IBP - Get Free Report) last posted its earnings results on Thursday, May 8th. The construction company reported $2.08 EPS for the quarter, missing analysts' consensus estimates of $2.23 by ($0.15). The business had revenue of $684.80 million for the quarter, compared to analysts' expectations of $681.34 million. Installed Building Products had a net margin of 8.74% and a return on equity of 43.56%. The company's revenue for the quarter was down 1.2% on a year-over-year basis. During the same period last year, the business posted $2.47 EPS. As a group, sell-side analysts forecast that Installed Building Products will post 10.66 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The business also recently announced 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 0.89%. The ex-dividend date is Friday, June 13th. Installed Building Products's dividend payout ratio is presently 16.88%.

Institutional Trading of Installed Building Products

Several large investors have recently bought and sold shares of the stock. Commonwealth Equity Services LLC lifted its stake in Installed Building Products by 8.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,266 shares of the construction company's stock valued at $923,000 after acquiring an additional 405 shares during the period. Principal Financial Group Inc. lifted its position in Installed Building Products by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 126,872 shares of the construction company's stock valued at $22,234,000 after purchasing an additional 4,467 shares during the period. Smartleaf Asset Management LLC lifted its position in Installed Building Products by 295.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock valued at $64,000 after purchasing an additional 272 shares during the period. JPMorgan Chase & Co. boosted its holdings in Installed Building Products by 112.6% in the fourth quarter. JPMorgan Chase & Co. now owns 153,772 shares of the construction company's stock valued at $26,949,000 after purchasing an additional 81,455 shares during the last quarter. Finally, Moody Aldrich Partners LLC boosted its holdings in Installed Building Products by 28.3% in the fourth quarter. Moody Aldrich Partners LLC now owns 20,729 shares of the construction company's stock valued at $3,633,000 after purchasing an additional 4,568 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company's stock.

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.