Installed Building Products Stock Forecast, Price & News

Installed Building Products' stock was trading at $49.61 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, IBP stock has increased by 97.1% and is now trading at $97.78.
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13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Installed Building Products in the last year. There are currently 4 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 earnings per share (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 analysts' expectations of $372.61 million. Installed Building Products had a return on equity of 45.67% and a net margin of 5.14%. The company's revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.87 EPS.
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13 brokerages have issued 12-month price targets for Installed Building Products' shares. Their forecasts range from $45.00 to $115.00. On average, they expect Installed Building Products' share price to reach $78.75 in the next year. This suggests that the stock has a possible downside of 19.5%.
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Some companies that are related to Installed Building Products include Gafisa (GFASY), Xinyuan Real Estate (XIN), 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), Verizon Communications (VZ), Paycom Software (PAYC), AbbVie (ABBV), Intuitive Surgical (ISRG), Mastercard (MA), Netflix (NFLX), Paypal (PYPL) and Baidu (BIDU).

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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (7.90%), Bamco Inc. NY (6.91%), Wasatch Advisors Inc. (1.52%), Pembroke Management LTD (1.40%), Nuveen Asset Management LLC (0.93%) and Emerald Advisers LLC (0.87%). 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 Atom Investors LP, Goldman Sachs Group Inc., Macquarie Group Ltd., Nuveen Asset Management LLC, Federated Hermes Inc., Mackay Shields LLC, Driehaus Capital Management LLC, and RMB Capital Management LLC. 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 Wasatch Advisors Inc., Emerald Advisers LLC, Emerald Mutual Fund Advisers Trust, Bamco Inc. NY, Bank of America Corp DE, Vanguard Group Inc., Intrinsic Edge Capital Management LLC, and Eos Focused Equity Management L.P..
View insider buying and selling activity for Installed Building Products.

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 $97.78.

Installed Building Products has a market capitalization of $2.91 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]