Installed Building Products (NYSE:IBP – Free Report) had its price target decreased by Stephens from $300.00 to $240.00 in a report published on Friday, Marketbeat reports. Stephens currently has an equal weight rating on the construction company’s stock.
IBP has been the subject of a number of other reports. DA Davidson raised their price target on Installed Building Products from $252.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 18th. Benchmark downgraded Installed Building Products from a “buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Weiss Ratings upgraded Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, April 22nd. Royal Bank Of Canada upgraded Installed Building Products from an “underperform” rating to a “sector perform” rating and decreased their target price for the stock from $255.00 to $228.00 in a research report on Friday. Finally, Wells Fargo & Company decreased their target price on Installed Building Products from $340.00 to $285.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $253.00.
Installed Building Products Stock Up 1.4%
Installed Building Products (NYSE:IBP – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.17). The company had revenue of $660.50 million during the quarter, compared to the consensus estimate of $668.92 million. Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.08 earnings per share. On average, sell-side analysts expect that Installed Building Products will post 10.81 EPS for the current year.
Installed Building Products Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, June 15th. Installed Building Products’s dividend payout ratio (DPR) is 16.03%.
Insider Buying and Selling at Installed Building Products
In other news, Director Janet E. Jackson sold 1,410 shares of the firm’s stock in a transaction on Monday, March 9th. The stock was sold at an average price of $293.31, for a total transaction of $413,567.10. Following the transaction, the director owned 5,373 shares in the company, valued at approximately $1,575,954.63. This trade represents a 20.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jeffrey W. Edwards sold 400,000 shares of the firm’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $314.06, for a total value of $125,624,000.00. Following the transaction, the chief executive officer owned 1,727,819 shares in the company, valued at approximately $542,638,835.14. This represents a 18.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 13.80% of the company’s stock.
Hedge Funds Weigh In On Installed Building Products
Several institutional investors have recently made changes to their positions in IBP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Installed Building Products by 3.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,130 shares of the construction company’s stock valued at $2,423,000 after buying an additional 486 shares during the period. United Services Automobile Association purchased a new position in Installed Building Products in the first quarter valued at about $263,000. Jane Street Group LLC grew its stake in Installed Building Products by 270.0% in the first quarter. Jane Street Group LLC now owns 17,192 shares of the construction company’s stock valued at $2,948,000 after purchasing an additional 12,545 shares during the last quarter. Hsbc Holdings PLC grew its stake in Installed Building Products by 5.9% in the second quarter. Hsbc Holdings PLC now owns 1,643 shares of the construction company’s stock valued at $296,000 after purchasing an additional 92 shares during the last quarter. Finally, Jump Financial LLC grew its stake in Installed Building Products by 959.6% in the second quarter. Jump Financial LLC now owns 18,109 shares of the construction company’s stock valued at $3,265,000 after purchasing an additional 16,400 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.
Trending Headlines about Installed Building Products
Here are the key news stories impacting Installed Building Products this week:
- Positive Sentiment: Goldman Sachs lowered its price target to $285 from $331 but kept a buy rating, still implying meaningful upside from current levels. Goldman Sachs lowers Installed Building Products target
- Neutral Sentiment: Wells Fargo cut its target to $250 from $285 and maintained an equal weight rating, signaling a more cautious but not outright bearish view. Wells Fargo lowers Installed Building Products target
- Neutral Sentiment: Stephens reduced its target to $240 from $300 and kept an equal weight rating, reflecting lower expectations after the quarter. Stephens lowers Installed Building Products target
- Negative Sentiment: IBP reported first-quarter adjusted EPS of $1.79, missing consensus, while revenue of $660.5 million also came in below estimates and declined 3.5% year over year. Installed Building Products first-quarter results
- Negative Sentiment: Several headlines highlighted that the earnings and revenue miss contributed to a sharp post-earnings selloff, reinforcing investor concern about near-term demand trends. IBP revenue miss and stock reaction
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.
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