Deutsche Bank Aktiengesellschaft Initiates Coverage on Installed Building Products (NYSE:IBP)

Equities researchers at Deutsche Bank Aktiengesellschaft began coverage on shares of Installed Building Products (NYSE:IBP) in a report released on Tuesday, MarketBeat reports. The brokerage set a “hold” rating and a $183.00 price target on the construction company’s stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 3.99% from the company’s previous close.

IBP has been the topic of several other reports. The Goldman Sachs Group reduced their price target on Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. DA Davidson decreased their target price on shares of Installed Building Products from $260.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Truist Financial dropped their price target on shares of Installed Building Products from $240.00 to $180.00 and set a “hold” rating on the stock in a research note on Monday, March 3rd. Seaport Res Ptn lowered shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Finally, Evercore ISI downgraded Installed Building Products from an “outperform” rating to an “underperform” rating and lowered their target price for the company from $238.00 to $206.00 in a research note on Monday, December 16th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $216.09.

Installed Building Products Stock Up 1.9 %

Shares of NYSE IBP opened at $175.97 on Tuesday. The stock has a fifty day moving average price of $179.05 and a 200 day moving average price of $201.94. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. Installed Building Products has a 12-month low of $159.77 and a 12-month high of $281.04. The company has a market cap of $4.88 billion, a P/E ratio of 19.55 and a beta of 2.05.

Institutional Investors Weigh In On Installed Building Products

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Installed Building Products by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 2,636,803 shares of the construction company’s stock worth $462,100,000 after purchasing an additional 16,597 shares during the period. State Street Corp grew its position in shares of Installed Building Products by 8.4% during the 3rd quarter. State Street Corp now owns 1,248,515 shares of the construction company’s stock valued at $307,472,000 after buying an additional 96,780 shares during the last quarter. FIL Ltd raised its stake in Installed Building Products by 14.0% during the fourth quarter. FIL Ltd now owns 1,039,038 shares of the construction company’s stock worth $182,091,000 after acquiring an additional 127,215 shares during the period. Geode Capital Management LLC lifted its holdings in Installed Building Products by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 633,556 shares of the construction company’s stock worth $111,053,000 after acquiring an additional 10,553 shares during the last quarter. Finally, Giverny Capital Inc. boosted its stake in Installed Building Products by 3.6% in the fourth quarter. Giverny Capital Inc. now owns 504,735 shares of the construction company’s stock valued at $88,455,000 after acquiring an additional 17,620 shares during the period. 99.61% of the stock is currently owned by institutional investors.

Installed Building Products Company Profile

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.