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

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Installed Building Products in the last twelve months. There are currently 5 hold ratings and 3 buy ratings 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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8 equities research analysts have issued 12 month target prices for Installed Building Products' stock. Their IBP share price forecasts range from $98.00 to $170.00. On average, they predict the company's share price to reach $146.25 in the next twelve months. This suggests a possible upside of 18.9% from the stock's current price.
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Installed Building Products' stock was trading at $85.60 at the beginning of the year. Since then, IBP shares have increased by 43.7% and is now trading at $123.04.
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Installed Building Products saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,320,000 shares, a decrease of 7.7% from the August 15th total of 1,430,000 shares. Based on an average daily trading volume, of 220,100 shares, the short-interest ratio is currently 6.0 days. Approximately 5.6% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our IBP earnings forecast.

Installed Building Products, Inc. (NYSE:IBP) posted its quarterly earnings data on Wednesday, August, 2nd. The construction company reported $2.52 EPS for the quarter, topping analysts' consensus estimates of $2.31 by $0.21. The construction company had revenue of $692.10 million for the quarter, compared to analyst estimates of $667.03 million. Installed Building Products had a net margin of 8.73% and a trailing twelve-month return on equity of 53.06%.

Installed Building Products declared a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Friday, September 15th will be given a dividend of $0.33 per share on Saturday, September 30th. This represents a $1.32 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for IBP.

ETFs with the largest weight of Installed Building Products (NYSE:IBP) stock in their portfolio include Invesco Building & Construction ETF (PKB), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Invesco S&P SmallCap Quality ETF (XSHQ), iShares U.S. Home Construction ETF (ITB), Invesco Dorsey Wright Consumer Cyclicals Momentum ETF (PEZ), SPDR S&P Homebuilders ETF (XHB), Hoya Capital Housing ETF (HOMZ) and First Trust Multi-Manager Small Cap Opportunities ETF (MMSC).

Installed Building Products (NYSE:IBP) pays an annual dividend of $1.32 per share and currently has a dividend yield of 1.07%. 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 15.58%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, IBP will have a dividend payout ratio of 13.27% 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 a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.08%), State Street Corp (3.38%), Findlay Park Partners LLP (2.98%), Dimensional Fund Advisors LP (2.68%), Wasatch Advisors LP (2.06%) and Driehaus Capital Management LLC (1.90%). 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 and Vikas Verma.
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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 $123.04.

Installed Building Products (NYSE:IBP) has a market capitalization of $3.50 billion and generates $2.67 billion in revenue each year. The construction company earns $223.43 million in net income (profit) each year or $8.47 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.