Installed Building Products, Inc. (NYSE:IBP) Receives Consensus Recommendation of “Hold” from Analysts

Installed Building Products, Inc. (NYSE:IBP) has earned an average rating of “Hold” from the ten analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $253.70.

IBP has been the subject of a number of recent analyst reports. Jefferies Financial Group upped 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. JPMorgan Chase & Co. upped their target price on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. Evercore ISI upped their target price on shares of Installed Building Products from $271.00 to $272.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. StockNews.com raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Royal Bank of Canada lowered shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and reduced their target price for the stock from $203.00 to $197.00 in a research note on Friday, November 8th.

Installed Building Products Price Performance

IBP opened at $222.85 on Friday. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. Installed Building Products has a 12 month low of $152.06 and a 12 month high of $281.04. The company has a fifty day simple moving average of $228.75 and a 200 day simple moving average of $222.90. The stock has a market cap of $6.27 billion, a P/E ratio of 24.76 and a beta of 1.93.

Installed Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th will be paid a dividend of $0.35 per share. The ex-dividend date is Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.63%. Installed Building Products’s dividend payout ratio is 15.56%.

Institutional Investors Weigh In On Installed Building Products

A number of institutional investors and hedge funds have recently modified their holdings of IBP. V Square Quantitative Management LLC bought a new stake in shares of Installed Building Products in the 3rd quarter valued at about $29,000. GHP Investment Advisors Inc. raised its holdings 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 valued at $30,000 after acquiring an additional 78 shares during the period. CWM LLC raised its holdings in Installed Building Products by 32.1% in the 2nd quarter. CWM LLC now owns 255 shares of the construction company’s stock valued at $52,000 after acquiring an additional 62 shares during the period. Advisors Asset Management Inc. raised its holdings in Installed Building Products by 152.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock valued at $57,000 after acquiring an additional 140 shares during the period. Finally, Quarry LP raised its holdings in Installed Building Products by 953.3% in the 3rd quarter. Quarry LP now owns 316 shares of the construction company’s stock valued at $78,000 after acquiring an additional 286 shares during the period. 99.61% of the stock is owned by institutional investors.

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.