Analysts Set Installed Building Products, Inc. (NYSE:IBP) Price Target at $226.20

Installed Building Products, Inc. (NYSE:IBP) has been assigned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $226.20.

Several research analysts have weighed in on IBP shares. Wall Street Zen downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Vertical Research initiated coverage on Installed Building Products in a report on Monday, October 20th. They set a “sell” rating on the stock. Evercore ISI set a $265.00 price objective on Installed Building Products in a research report on Thursday, November 6th. Royal Bank Of Canada upped their price objective on Installed Building Products from $184.00 to $203.00 and gave the company an “underperform” rating in a research note on Thursday, November 6th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Installed Building Products in a research note on Monday, December 29th.

Installed Building Products Stock Up 6.2%

Shares of NYSE:IBP opened at $273.79 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.28 and a current ratio of 2.78. Installed Building Products has a 52-week low of $150.83 and a 52-week high of $293.53. The business’s 50 day simple moving average is $262.37 and its two-hundred day simple moving average is $245.98. The firm has a market cap of $7.43 billion, a P/E ratio of 29.47, a PEG ratio of 4.76 and a beta of 1.91.

Installed Building Products (NYSE:IBP) last issued its earnings results on Wednesday, November 5th. The construction company reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.49. Installed Building Products had a return on equity of 62.74% and a net margin of 8.60%.The company had revenue of $778.20 million for the quarter, compared to analyst estimates of $751.98 million. During the same period in the prior year, the firm earned $2.85 earnings per share. Installed Building Products’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, research analysts forecast that Installed Building Products will post 10.66 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Monday, December 15th. Installed Building Products’s payout ratio is presently 15.93%.

Insider Activity at Installed Building Products

In other Installed Building Products news, Director Michael H. Thomas sold 2,001 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total transaction of $536,828.28. Following the completion of the transaction, the director directly owned 8,373 shares of the company’s stock, valued at approximately $2,246,308.44. This represents a 19.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William Jeffrey Hire sold 5,000 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $251.63, for a total value of $1,258,150.00. Following the completion of the sale, the insider directly owned 32,999 shares of the company’s stock, valued at $8,303,538.37. This represents a 13.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 16.20% of the company’s stock.

Institutional Investors Weigh In On Installed Building Products

Several large investors have recently added to or reduced their stakes in the company. Danske Bank A S purchased a new stake in Installed Building Products during the third quarter valued at about $25,000. NewEdge Advisors LLC lifted its stake in shares of Installed Building Products by 5,000.0% during the 3rd quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock valued at $25,000 after buying an additional 100 shares in the last quarter. Curio Wealth LLC boosted its holdings in Installed Building Products by 16,800.0% in the 2nd quarter. Curio Wealth LLC now owns 169 shares of the construction company’s stock worth $30,000 after buying an additional 168 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in Installed Building Products in the 3rd quarter valued at approximately $33,000. Finally, SRH Advisors LLC raised its holdings in Installed Building Products by 70.8% during the 2nd quarter. SRH Advisors LLC now owns 205 shares of the construction company’s stock valued at $37,000 after acquiring an additional 85 shares during the period. Hedge funds and other institutional investors own 99.61% of the company’s stock.

About Installed Building Products

Installed Building Products, Inc (NYSE: IBP) is a leading national installer of specialty building products serving the U.S. residential construction market. The company partners with homebuilders and contractors to deliver a comprehensive range of interior and exterior finishing services, including insulation, drywall finishing, protective coatings and basement waterproofing systems. By offering a single-source solution, Installed Building Products helps streamline project coordination and ensures consistent service quality across multiple trades.

Founded in 1977 and headquartered in Columbus, Ohio, Installed Building Products has expanded from a regional insulation installer into a nationwide platform operating in nearly every state.