Analysts Set Installed Building Products, Inc. (NYSE:IBP) Price Target at $216.09

Installed Building Products, Inc. (NYSE:IBP) has been given a consensus recommendation of “Hold” by the twelve research firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $216.09.

IBP has been the subject of a number of recent research reports. Truist Financial decreased their price objective on Installed Building Products from $240.00 to $180.00 and set a “hold” rating for the company in a report on Monday, March 3rd. Benchmark decreased their price target on Installed Building Products from $250.00 to $210.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Loop Capital lowered their price target on Installed Building Products from $230.00 to $215.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. StockNews.com downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Installed Building Products in a report on Tuesday, April 1st. They issued a “hold” rating and a $183.00 target price for the company.

Installed Building Products Stock Up 5.7 %

Shares of NYSE IBP opened at $173.19 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. The company has a 50-day moving average price of $177.57 and a 200-day moving average price of $200.80. The stock has a market capitalization of $4.81 billion, a P/E ratio of 19.24 and a beta of 1.84. Installed Building Products has a 1 year low of $157.93 and a 1 year high of $281.04.

Installed Building Products Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.37 per share. This is an increase from Installed Building Products’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date was Friday, March 14th. Installed Building Products’s dividend payout ratio is currently 16.26%.

Hedge Funds Weigh In On Installed Building Products

Several institutional investors have recently bought and sold shares of the company. Townsquare Capital LLC purchased a new stake in Installed Building Products during the third quarter valued at about $247,000. Walleye Capital LLC lifted its stake in shares of Installed Building Products by 161.7% during the 3rd quarter. Walleye Capital LLC now owns 1,708 shares of the construction company’s stock valued at $421,000 after buying an additional 4,478 shares in the last quarter. Captrust Financial Advisors boosted its holdings in Installed Building Products by 11.0% in the 3rd quarter. Captrust Financial Advisors now owns 5,886 shares of the construction company’s stock worth $1,450,000 after buying an additional 582 shares during the period. Paloma Partners Management Co purchased a new position in Installed Building Products in the 3rd quarter valued at approximately $427,000. Finally, Benjamin Edwards Inc. raised its holdings in Installed Building Products by 34.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 2,885 shares of the construction company’s stock valued at $711,000 after acquiring an additional 733 shares during the period. Hedge funds and other institutional investors own 99.61% of the company’s stock.

About Installed Building Products

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.