Installed Building Products, Inc. (NYSE:IBP) Receives $212.45 Average Price Target from Analysts

Shares of Installed Building Products, Inc. (NYSE:IBP) have been assigned a consensus recommendation of “Hold” from the twelve analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $212.45.

A number of research firms have recently weighed in on IBP. Loop Capital dropped their target price on Installed Building Products from $210.00 to $200.00 and set a “buy” rating for the company in a report on Monday, May 12th. Benchmark dropped their target price on Installed Building Products from $210.00 to $185.00 and set a “buy” rating for the company in a report on Friday, May 9th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Installed Building Products in a report on Tuesday, April 1st. They set a “hold” rating and a $183.00 target price for the company.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IBP. McIlrath & Eck LLC increased its stake in shares of Installed Building Products by 32.3% in the fourth quarter. McIlrath & Eck LLC now owns 250 shares of the construction company’s stock valued at $44,000 after buying an additional 61 shares during the period. Xponance Inc. increased its stake in shares of Installed Building Products by 3.9% in the first quarter. Xponance Inc. now owns 1,802 shares of the construction company’s stock valued at $309,000 after buying an additional 67 shares during the period. Stratos Wealth Partners LTD. increased its stake in shares of Installed Building Products by 1.7% in the first quarter. Stratos Wealth Partners LTD. now owns 4,173 shares of the construction company’s stock valued at $716,000 after buying an additional 68 shares during the period. TD Private Client Wealth LLC increased its stake in shares of Installed Building Products by 7.1% in the first quarter. TD Private Client Wealth LLC now owns 1,134 shares of the construction company’s stock valued at $194,000 after buying an additional 75 shares during the period. Finally, State of Wyoming increased its stake in shares of Installed Building Products by 10.1% in the fourth quarter. State of Wyoming now owns 840 shares of the construction company’s stock valued at $147,000 after buying an additional 77 shares during the period. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Trading Down 4.1%

IBP stock opened at $190.58 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.89 and a quick ratio of 2.31. The company has a fifty day moving average price of $172.66 and a two-hundred day moving average price of $174.95. Installed Building Products has a one year low of $150.83 and a one year high of $281.04. The stock has a market cap of $5.26 billion, a price-to-earnings ratio of 21.73 and a beta of 1.74.

Installed Building Products (NYSE:IBP) last released its quarterly earnings data on Thursday, May 8th. The construction company reported $2.08 EPS for the quarter, missing analysts’ consensus estimates of $2.23 by ($0.15). Installed Building Products had a return on equity of 60.73% and a net margin of 8.39%. The company had revenue of $684.80 million for the quarter, compared to the consensus estimate of $681.34 million. During the same period last year, the firm earned $2.47 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. Equities analysts anticipate that Installed Building Products will post 10.66 EPS for the current year.

Installed Building Products Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Friday, June 13th. Installed Building Products’s payout ratio is 16.88%.

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.