Shares of Installed Building Products Inc (NYSE:IBP) have been given a consensus rating of “Hold” by the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $49.80.

A number of research analysts have recently commented on the company. ValuEngine cut Installed Building Products from a “sell” rating to a “strong sell” rating in a research note on Friday, September 21st. Macquarie assumed coverage on Installed Building Products in a research note on Wednesday, September 26th. They set a “hold” rating and a $50.00 price objective for the company. Royal Bank of Canada cut Installed Building Products from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $46.00 to $43.00 in a research note on Friday. Deutsche Bank cut Installed Building Products from a “buy” rating to a “hold” rating and lowered their price objective for the company from $44.00 to $38.00 in a research note on Tuesday, December 4th. Finally, TheStreet cut Installed Building Products from a “b” rating to a “c+” rating in a research note on Thursday, October 4th.

In other Installed Building Products news, CEO Jeffrey W. Edwards sold 150,000 shares of Installed Building Products stock in a transaction on Monday, November 5th. The stock was sold at an average price of $34.11, for a total value of $5,116,500.00. Following the completion of the sale, the chief executive officer now owns 300,159 shares of the company’s stock, valued at approximately $10,238,423.49. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 31.10% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of IBP. SG Americas Securities LLC grew its holdings in shares of Installed Building Products by 136.9% in the second quarter. SG Americas Securities LLC now owns 11,111 shares of the construction company’s stock worth $628,000 after acquiring an additional 6,421 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Installed Building Products by 4.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 111,629 shares of the construction company’s stock worth $6,313,000 after acquiring an additional 4,767 shares during the period. BlackRock Inc. grew its holdings in shares of Installed Building Products by 4.1% in the second quarter. BlackRock Inc. now owns 3,170,901 shares of the construction company’s stock worth $179,315,000 after acquiring an additional 123,489 shares during the period. Legal & General Group Plc grew its holdings in shares of Installed Building Products by 4.2% in the second quarter. Legal & General Group Plc now owns 45,179 shares of the construction company’s stock worth $2,585,000 after acquiring an additional 1,813 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Installed Building Products by 1.5% in the second quarter. Dimensional Fund Advisors LP now owns 896,713 shares of the construction company’s stock worth $50,711,000 after acquiring an additional 13,470 shares during the period. 71.13% of the stock is owned by institutional investors.

Shares of IBP stock traded down $0.24 during trading hours on Friday, reaching $39.26. The company’s stock had a trading volume of 10,362 shares, compared to its average volume of 231,257. The firm has a market cap of $1.24 billion, a P/E ratio of 33.06, a P/E/G ratio of 1.10 and a beta of 1.21. Installed Building Products has a one year low of $29.24 and a one year high of $75.75. The company has a debt-to-equity ratio of 2.04, a quick ratio of 2.30 and a current ratio of 2.59.

Installed Building Products (NYSE:IBP) last released its earnings results on Thursday, November 1st. The construction company reported $0.72 EPS for the quarter, missing the Zacks’ consensus estimate of $0.79 by ($0.07). The firm had revenue of $349.00 million during the quarter, compared to analysts’ expectations of $346.39 million. Installed Building Products had a net margin of 3.82% and a return on equity of 29.03%. The company’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 EPS. As a group, equities analysts predict that Installed Building Products will post 2.45 EPS for the current year.

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, shower doors, closet shelving and mirrors, and other products in the continental United States. It offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials.

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Analyst Recommendations for Installed Building Products (NYSE:IBP)

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