NYSE:IBPInstalled Building Products Stock Price, Forecast & News

Installed Building Products' stock was trading at $49.61 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, IBP shares have increased by 66.4% and is now trading at $82.57.
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11 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 7 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 Thursday, August 6th 2020.
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Installed Building Products will be holding an earnings conference call on Thursday, August 6th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Installed Building Products Inc (NYSE:IBP) released its earnings results on Friday, May, 8th. The construction company reported $0.78 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.61 by $0.17. The construction company had revenue of $397.30 million for the quarter, compared to analysts' expectations of $381.87 million. Installed Building Products had a net margin of 4.81% and a return on equity of 45.79%. The company's quarterly revenue was up 16.1% on a year-over-year basis. During the same period last year, the business earned $0.51 earnings per share.
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11 analysts have issued 12-month target prices for Installed Building Products' shares. Their forecasts range from $45.00 to $87.00. On average, they anticipate Installed Building Products' share price to reach $67.91 in the next twelve months. This suggests that the stock has a possible downside of 17.8%.
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News coverage about IBP stock has been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Installed Building Products earned a coverage optimism score of -1.7 on InfoTrie's scale. They also gave news stories about the construction company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the near future.
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Installed Building Products saw a drop in short interest in June. As of June 30th, there was short interest totaling 893,400 shares, a drop of 9.5% from the June 15th total of 987,700 shares. Based on an average daily trading volume, of 285,700 shares, the days-to-cover ratio is presently 3.1 days. Approximately 3.9% of the company's stock are short sold.
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Some companies that are related to Installed Building Products include Lennar (LEN), Lennar (LEN.B), SEKISUI HOUSE L/S (SKHSY), Fortune Brands Home & Security (FBHS), Xinyuan Real Estate (XIN), 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), Netflix (NFLX), Paycom Software (PAYC), AbbVie (ABBV), salesforce.com (CRM), Intuitive Surgical (ISRG), Johnson & Johnson (JNJ) 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 retail and institutional investors. Top institutional shareholders include Pembroke Management LTD (1.40%), Emerald Advisers LLC (0.87%), Emerald Mutual Fund Advisers Trust (0.69%), Scout Investments Inc. (0.38%), Eos Focused Equity Management L.P. (0.15%) and UBS Group AG (0.15%). Company insiders that own Installed Building Products stock include Jay P Elliott, Jeffrey W Edwards, Michael H Thomas, Michael Thomas Miller, 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 Mackay Shields LLC, UBS Group AG, First Trust Advisors LP, Pembroke Management LTD, Hennessy Advisors Inc., Raymond James Financial Services Advisors Inc., Toth Financial Advisory Corp, and Louisiana State Employees Retirement System. Company insiders that have sold Installed Building Products company stock in the last year include Jay P Elliott, Jeffrey W Edwards, Vikas Verma, and William Jeffrey Hire.
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IBP stock was purchased by a variety of institutional investors in the last quarter, including Emerald Advisers LLC, Emerald Mutual Fund Advisers Trust, Eos Focused Equity Management L.P., Assenagon Asset Management S.A., SG Americas Securities LLC, Beacon Investment Advisory Services Inc., Nisa Investment Advisors LLC, and Diversified Trust Co.
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 $82.57.

Installed Building Products has a market capitalization of $2.46 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]