Installed Building Products (IBP) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Installed Building Products in the last twelve months. There are currently 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" IBP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in IBP, but not buy additional shares or sell existing shares.
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7 brokerages have issued 12-month price targets for Installed Building Products' stock. Their IBP share price forecasts range from $95.00 to $140.00. On average, they expect the company's stock price to reach $117.14 in the next twelve months. This suggests that the stock has a possible downside of 2.6%.
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Installed Building Products' stock was trading at $85.60 at the start of the year. Since then, IBP shares have increased by 40.5% and is now trading at $120.26.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Installed Building Products, Inc. (NYSE:IBP) released its earnings results on Thursday, November, 4th. The construction company reported $1.49 EPS for the quarter, missing the consensus estimate of $1.63 by $0.14. The construction company had revenue of $509.76 million for the quarter, compared to analysts' expectations of $512.13 million. Installed Building Products had a trailing twelve-month return on equity of 57.73% and a net margin of 8.71%. Installed Building Products's quarterly revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.21 earnings per share.

Installed Building Products declared a quarterly dividend on Thursday, May 4th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.33 per share on Friday, June 30th. This represents a $1.32 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Wednesday, June 14th.
Read our dividend analysis for IBP.

ETFs with the largest weight of Installed Building Products (NYSE:IBP) stock in their portfolio include Invesco Dynamic Building & Construction ETF (PKB), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), iShares U.S. Home Construction ETF (ITB), SPDR S&P Homebuilders ETF (XHB), Direxion Daily Homebuilders & Supplies Bull 3x Shares (NAIL), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Royce Quant Small-Cap Quality Value ETF (SQLV) and Xtrackers S&P SmallCap 600 ESG ETF (SMLE).

Installed Building Products (NYSE:IBP) pays an annual dividend of $1.32 per share and currently has a dividend yield of 1.18%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 15.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IBP will have a dividend payout ratio of 16.40% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for IBP.

15 employees have rated Installed Building Products Chief Executive Officer Jeff Edwards on Glassdoor.com. Jeff Edwards has an approval rating of 79% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Installed Building Products investors own include Alibaba Group (BABA), NVIDIA (NVDA), Walt Disney (DIS), Johnson & Johnson (JNJ), Verizon Communications (VZ), Salesforce (CRM), Intuitive Surgical (ISRG), JPMorgan Chase & Co. (JPM), Paycom Software (PAYC) and PayPal (PYPL).

Installed Building Products trades on the New York Stock Exchange (NYSE) under the ticker symbol "IBP."

Installed Building Products' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.68%), State Street Corp (3.25%), Findlay Park Partners LLP (3.12%), Dimensional Fund Advisors LP (2.65%), Wasatch Advisors LP (2.15%) and Geode Capital Management LLC (1.55%). Insiders that own company stock include Janet E Jackson, Jason R Niswonger, Jay P Elliott, Jeffrey W Edwards, Jeffrey W Edwards, Lawrence A Hilsheimer, Margot Lebenberg Carter, Michael H Thomas, Michael Thomas Miller, Todd R Fry, Todd R Fry, Vikas Verma and William Jeffrey Hire.
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Shares of IBP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of IBP stock can currently be purchased for approximately $120.26.

Installed Building Products (NYSE:IBP) has a market capitalization of $3.42 billion and generates $2.67 billion in revenue each year. The construction company earns $223.43 million in net income (profit) each year or $8.36 on an earnings per share basis.

The company employs 10,300 workers across the globe.

Installed Building Products' mailing address is 495 SOUTH HIGH STREET SUITE 50, COLUMBUS OH, 43215. The official website for the company is www.installedbuildingproducts.com. The construction company can be reached via phone at (614) 221-3399, via email at investorrelations@installed.ne, or via fax at 614-221-3389.