Installed Building Products, Inc. (NYSE:IBP) Receives $208.40 Average Target Price from Analysts

Installed Building Products, Inc. (NYSE:IBP - Get Free Report) has received an average rating of "Moderate Buy" from the twelve brokerages that are covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $208.40.

A number of brokerages have recently commented on IBP. Royal Bank of Canada upped their price objective on shares of Installed Building Products from $188.00 to $216.00 and gave the company a "sector perform" rating in a research report on Friday, February 23rd. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Installed Building Products in a research report on Thursday, February 1st. Loop Capital raised shares of Installed Building Products from a "hold" rating to a "buy" rating in a research report on Monday, January 8th. DA Davidson initiated coverage on shares of Installed Building Products in a research report on Tuesday, March 5th. They issued a "buy" rating and a $275.00 price target for the company. Finally, JPMorgan Chase & Co. lowered shares of Installed Building Products from an "overweight" rating to a "neutral" rating and increased their price target for the stock from $199.00 to $242.00 in a research report on Wednesday, February 28th.

Insider Transactions at Installed Building Products

In other news, CFO Michael Thomas Miller sold 5,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $243.34, for a total transaction of $1,216,700.00. Following the sale, the chief financial officer now directly owns 38,320 shares of the company's stock, valued at $9,324,788.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Todd R. Fry sold 500 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $233.50, for a total transaction of $116,750.00. Following the sale, the chief accounting officer now directly owns 7,176 shares of the company's stock, valued at $1,675,596. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Thomas Miller sold 5,000 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $243.34, for a total transaction of $1,216,700.00. Following the sale, the chief financial officer now directly owns 38,320 shares in the company, valued at $9,324,788.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,619 shares of company stock valued at $1,606,732. Corporate insiders own 17.30% of the company's stock.

Institutional Trading of Installed Building Products

Several hedge funds have recently modified their holdings of the stock. NBC Securities Inc. bought a new position in Installed Building Products in the fourth quarter valued at approximately $25,000. Russell Investments Group Ltd. boosted its stake in Installed Building Products by 280.6% in the fourth quarter. Russell Investments Group Ltd. now owns 137 shares of the construction company's stock valued at $25,000 after acquiring an additional 101 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake in Installed Building Products by 253.7% in the fourth quarter. Hexagon Capital Partners LLC now owns 145 shares of the construction company's stock valued at $27,000 after acquiring an additional 104 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Installed Building Products in the first quarter valued at approximately $29,000. Finally, Annapolis Financial Services LLC boosted its stake in Installed Building Products by 45.7% in the fourth quarter. Annapolis Financial Services LLC now owns 169 shares of the construction company's stock valued at $31,000 after acquiring an additional 53 shares during the last quarter. 99.61% of the stock is owned by institutional investors.

Installed Building Products Stock Performance

IBP stock traded down $3.27 during mid-day trading on Friday, reaching $221.32. 293,576 shares of the stock traded hands, compared to its average volume of 260,556. The business has a 50-day moving average of $237.19 and a two-hundred day moving average of $184.06. The firm has a market capitalization of $6.29 billion, a PE ratio of 25.59 and a beta of 1.89. The company has a quick ratio of 2.62, a current ratio of 3.09 and a debt-to-equity ratio of 1.26. Installed Building Products has a 52 week low of $103.50 and a 52 week high of $263.76.

Installed Building Products (NYSE:IBP - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.45 EPS for the quarter, beating analysts' consensus estimates of $2.42 by $0.03. The business had revenue of $720.70 million during the quarter, compared to analyst estimates of $688.59 million. Installed Building Products had a net margin of 8.77% and a return on equity of 47.18%. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.34 earnings per share. As a group, equities analysts predict that Installed Building Products will post 11.2 EPS for the current fiscal year.

Installed Building Products Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, March 31st. Stockholders of record on Friday, March 15th were issued a dividend of $1.60 per share. This is a positive change from Installed Building Products's previous quarterly dividend of $0.33. The ex-dividend date was Thursday, March 14th. This represents a $6.40 annualized dividend and a dividend yield of 2.89%. Installed Building Products's dividend payout ratio (DPR) is presently 16.26%.

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.