Installed Building Products’ (IBP) Underweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their underweight rating on shares of Installed Building Products (NYSE:IBP) in a report released on Tuesday, Marketbeat reports. JPMorgan Chase & Co. currently has a $245.00 price target on the construction company’s stock.

Several other equities analysts have also recently issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Installed Building Products in a research note on Monday, December 29th. Royal Bank Of Canada increased their target price on shares of Installed Building Products from $184.00 to $203.00 and gave the stock an “underperform” rating in a report on Thursday, November 6th. Jefferies Financial Group lifted their price target on shares of Installed Building Products from $230.00 to $259.00 and gave the company a “hold” rating in a report on Monday, December 15th. Vertical Research started coverage on shares of Installed Building Products in a research report on Monday, October 20th. They set a “sell” rating for the company. Finally, Wells Fargo & Company initiated coverage on shares of Installed Building Products in a report on Monday, November 17th. They issued an “equal weight” rating on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $235.36.

Installed Building Products Stock Performance

Shares of Installed Building Products stock opened at $314.57 on Tuesday. 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 1 year low of $150.83 and a 1 year high of $315.99. The firm’s 50-day simple moving average is $268.45 and its 200-day simple moving average is $250.40. The firm has a market cap of $8.53 billion, a PE ratio of 33.86, a price-to-earnings-growth ratio of 5.65 and a beta of 1.91.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings data on Wednesday, November 5th. The construction company reported $3.18 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $778.20 million during the quarter, compared to analyst estimates of $751.98 million. During the same period in the previous year, the company earned $2.85 earnings per share. Installed Building Products’s quarterly revenue was up 2.3% on a year-over-year basis. Equities analysts forecast that Installed Building Products will post 10.66 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.5%. Installed Building Products’s dividend payout ratio (DPR) is 15.93%.

Insider Buying and Selling

In other Installed Building Products news, Director Michael H. Thomas sold 2,001 shares of Installed Building Products stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total transaction of $536,828.28. Following the sale, the director owned 8,373 shares in the company, valued at $2,246,308.44. The trade was a 19.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider William Jeffrey Hire sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were 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 owned 32,999 shares in the company, valued at approximately $8,303,538.37. This represents a 13.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 16.20% of the company’s stock.

Institutional Investors Weigh In On Installed Building Products

A number of hedge funds have recently added to or reduced their stakes in IBP. Vaughan Nelson Investment Management L.P. lifted its position in shares of Installed Building Products by 7.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 128,911 shares of the construction company’s stock worth $33,438,000 after purchasing an additional 9,080 shares in the last quarter. Baron Wealth Management LLC bought a new position in Installed Building Products in the 4th quarter valued at $261,000. Ausbil Investment Management Ltd increased its stake in shares of Installed Building Products by 63.8% in the 4th quarter. Ausbil Investment Management Ltd now owns 4,654 shares of the construction company’s stock valued at $1,207,000 after buying an additional 1,813 shares during the period. Salvus Wealth Management LLC increased its stake in shares of Installed Building Products by 0.5% in the 4th quarter. Salvus Wealth Management LLC now owns 17,526 shares of the construction company’s stock valued at $4,546,000 after buying an additional 80 shares during the period. Finally, Curated Wealth Partners LLC raised its position in shares of Installed Building Products by 30.8% during the fourth quarter. Curated Wealth Partners LLC now owns 2,592 shares of the construction company’s stock worth $672,000 after acquiring an additional 611 shares during the last quarter. Institutional investors own 99.61% of the company’s stock.

Installed Building Products Company Profile

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.