Installed Building Products Inc. (NYSE:IBP) shares traded down 2% on Friday . The company traded as low as $35.44 and last traded at $35.98, with a volume of 178,743 shares trading hands. The stock had previously closed at $36.72.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 11th. Royal Bank Of Canada raised their price objective on shares of Installed Building Products from $31.00 to $36.00 and gave the stock an “outperform” rating in a report on Monday, May 9th. TheStreet raised shares of Installed Building Products from a “hold” rating to a “buy” rating in a report on Thursday, May 12th. Finally, Zelman & Associates downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Tuesday, April 5th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $33.75.

The stock has a 50 day moving average of $35.95 and a 200-day moving average of $28.34. The stock has a market cap of $1.12 billion and a price-to-earnings ratio of 36.01.

Installed Building Products (NYSE:IBP) last issued its earnings results on Thursday, May 5th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.10. The firm earned $191.70 million during the quarter, compared to analysts’ expectations of $174.02 million. The firm’s quarterly revenue was up 47.6% on a year-over-year basis. During the same period last year, the firm posted $0.05 earnings per share. On average, equities analysts anticipate that Installed Building Products Inc. will post $1.50 earnings per share for the current fiscal year.

Other hedge funds and institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Installed Building Products by 55.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 315,045 shares of the company’s stock valued at $7,822,000 after buying an additional 112,556 shares during the period. Principal Financial Group Inc. boosted its position in shares of Installed Building Products by 21.9% in the fourth quarter. Principal Financial Group Inc. now owns 702,616 shares of the company’s stock valued at $17,446,000 after buying an additional 126,118 shares during the period. Finally, Westfield Capital Management Co. LP boosted its position in shares of Installed Building Products by 9.1% in the fourth quarter. Westfield Capital Management Co. LP now owns 1,045,467 shares of the company’s stock valued at $25,959,000 after buying an additional 86,793 shares during the period.

Installed Building Products, Inc is a holding company. The Company is a residential insulation installer in the United States. The Company’s national platform consists of over 100 locations accessing customers in approximately 50 continental states and the District of Columbia. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors, which provide cross-selling opportunities to supplement the insulation installation business.

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