Installed Building Products, Inc. (NYSE:IBP) Receives $240.40 Consensus PT from Brokerages

Shares of Installed Building Products, Inc. (NYSE:IBP) have been given a consensus recommendation of “Hold” by the eleven analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $240.40.

A number of research firms recently weighed in on IBP. StockNews.com raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a research report on Friday. Jefferies Financial Group lifted their price objective on shares of Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group reduced their target price on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Evercore ISI cut shares of Installed Building Products from an “outperform” rating to an “underperform” rating and dropped their price objective for the stock from $238.00 to $206.00 in a research note on Monday, December 16th. Finally, DA Davidson dropped their price objective on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, November 8th.

Installed Building Products Trading Up 0.7 %

IBP opened at $206.20 on Friday. The firm’s fifty day moving average is $196.92 and its two-hundred day moving average is $218.04. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The firm has a market cap of $5.80 billion, a PE ratio of 22.91 and a beta of 1.98. Installed Building Products has a twelve month low of $169.02 and a twelve month high of $281.04.

Installed Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Sunday, December 15th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.68%. The ex-dividend date was Friday, December 13th. Installed Building Products’s payout ratio is 15.56%.

Institutional Trading of Installed Building Products

Several large investors have recently added to or reduced their stakes in the stock. Xponance Inc. raised its position in Installed Building Products by 5.3% in the 2nd quarter. Xponance Inc. now owns 1,519 shares of the construction company’s stock worth $312,000 after buying an additional 76 shares during the last quarter. GHP Investment Advisors Inc. boosted its stake in Installed Building Products by 185.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after purchasing an additional 78 shares during the period. Blue Trust Inc. boosted its stake in Installed Building Products by 7.9% in the 4th quarter. Blue Trust Inc. now owns 1,257 shares of the construction company’s stock worth $220,000 after purchasing an additional 92 shares during the period. NBC Securities Inc. boosted its stake in Installed Building Products by 6.4% in the 3rd quarter. NBC Securities Inc. now owns 1,784 shares of the construction company’s stock worth $439,000 after purchasing an additional 108 shares during the period. Finally, V Square Quantitative Management LLC bought a new position in Installed Building Products in the 3rd quarter worth approximately $29,000. 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.