Installed Building Products (NYSE:IBP) Stock Rating Upgraded by StockNews.com

Installed Building Products (NYSE:IBP) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Monday.

Other equities analysts have also recently issued reports about the company. DA Davidson cut their price target on Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a report on Friday, November 8th. Royal Bank of Canada downgraded shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and cut their target price for the company from $203.00 to $197.00 in a research note on Friday, November 8th. Evercore ISI cut shares of Installed Building Products from an “outperform” rating to an “underperform” rating and decreased their price target for the stock from $238.00 to $206.00 in a research note on Monday, December 16th. Seaport Res Ptn lowered shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Installed Building Products currently has an average rating of “Hold” and a consensus target price of $240.40.

Installed Building Products Trading Down 1.0 %

Shares of Installed Building Products stock opened at $182.94 on Monday. Installed Building Products has a 1 year low of $169.02 and a 1 year high of $281.04. 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 business has a 50 day moving average price of $191.41 and a 200 day moving average price of $214.44. The company has a market capitalization of $5.15 billion, a P/E ratio of 20.33 and a beta of 1.99.

Institutional Trading of Installed Building Products

Institutional investors and hedge funds have recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in Installed Building Products in the third quarter valued at $29,000. GHP Investment Advisors Inc. raised its position in Installed Building Products by 185.7% in the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after purchasing an additional 78 shares during the period. Curio Wealth LLC acquired a new stake in shares of Installed Building Products in the fourth quarter valued at about $30,000. Advisors Asset Management Inc. raised its holdings in shares of Installed Building Products by 152.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock valued at $57,000 after buying an additional 140 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in Installed Building Products by 295.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company’s stock valued at $64,000 after acquiring an additional 272 shares in the last quarter. 99.61% of the stock is currently owned by institutional investors and hedge funds.

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.