Installed Building Products Stock Forecast, Price & News

Installed Building Products' stock was trading at $49.61 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, IBP stock has increased by 93.0% and is now trading at $95.73.
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14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Installed Building Products in the last year. There are currently 5 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Installed Building Products is scheduled to release its next quarterly earnings announcement on Friday, November 6th 2020.
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Installed Building Products Inc (NYSE:IBP) announced its quarterly earnings results on Thursday, August, 6th. The construction company reported $1.12 EPS for the quarter, topping the Zacks' consensus estimate of $0.77 by $0.35. The construction company had revenue of $393.94 million for the quarter, compared to analyst estimates of $372.61 million. Installed Building Products had a return on equity of 45.67% and a net margin of 5.14%. Installed Building Products's quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.87 EPS.
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14 brokerages have issued 1 year price objectives for Installed Building Products' shares. Their forecasts range from $45.00 to $120.00. On average, they expect Installed Building Products' share price to reach $81.92 in the next twelve months. This suggests that the stock has a possible downside of 14.4%.
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Installed Building Products saw a increase in short interest during the month of October. As of October 15th, there was short interest totaling 841,500 shares, an increase of 24.8% from the September 30th total of 674,300 shares. Based on an average daily volume of 227,300 shares, the days-to-cover ratio is presently 3.7 days. Approximately 3.6% of the shares of the company are sold short.
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Some companies that are related to Installed Building Products include Fortune Brands Home & Security (FBHS), Yue Yuen Industrial (YUEIY), Select Interior Concepts (SIC), Xinyuan Real Estate (XIN), Gafisa (GFASY), National Storm Management (NSMG), Pernix Group (PRXG) and Prospect Global Resources (PGRX).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Installed Building Products investors own include Alibaba Group (BABA), NVIDIA (NVDA), The Walt Disney (DIS), Johnson & Johnson (JNJ), Verizon Communications (VZ), salesforce.com (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 variety of institutional and retail investors. Top institutional investors include Emerald Advisers LLC (0.85%), Emerald Mutual Fund Advisers Trust (0.71%), Scout Investments Inc. (0.37%), Eos Focused Equity Management L.P. (0.14%), Hennessy Advisors Inc. (0.12%) and State of New Jersey Common Pension Fund D (0.09%). Company insiders that own Installed Building Products stock include Jason R Niswonger, Jay P Elliott, Jeffrey W Edwards, Michael H Thomas, Michael Thomas Miller, Todd R Fry, Vikas Verma and William Jeffrey Hire.
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IBP stock was sold by a variety of institutional investors in the last quarter, including Alberta Investment Management Corp, State of New Jersey Common Pension Fund D, Emerald Advisers LLC, Scout Investments Inc., Eos Focused Equity Management L.P., Hennessy Advisors Inc., and Crossmark Global Holdings Inc.. Company insiders that have sold Installed Building Products company stock in the last year include Jason R Niswonger, Jay P Elliott, Jeffrey W Edwards, Michael H Thomas, Michael Thomas Miller, Todd R Fry, Vikas Verma, and William Jeffrey Hire.
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IBP stock was acquired by a variety of institutional investors in the last quarter, including Standard Life Aberdeen plc, Emerald Mutual Fund Advisers Trust, Louisiana State Employees Retirement System, Toth Financial Advisory Corp, Bowling Portfolio Management LLC, Envestnet Asset Management Inc., New England Research & Management Inc., and State of Alaska Department of Revenue.
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Shares of IBP can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of IBP stock can currently be purchased for approximately $95.73.

Installed Building Products has a market capitalization of $2.85 billion and generates $1.51 billion in revenue each year. The construction company earns $68.16 million in net income (profit) each year or $3.29 on an earnings per share basis. Installed Building Products employs 8,500 workers across the globe.

The official website for Installed Building Products is www.installedbuildingproducts.com.

Installed Building Products' mailing address is 495 SOUTH HIGH STREET SUITE 50, COLUMBUS OH, 43215. The construction company can be reached via phone at 614-221-3399 or via email at [email protected]