Installed Building Products (NYSE:IBP) Downgraded by Zacks Research to “Strong Sell”

Installed Building Products (NYSE:IBP) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

IBP has been the topic of several other reports. Royal Bank Of Canada set a $242.00 target price on shares of Installed Building Products in a research report on Monday. Vertical Research raised shares of Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 target price on the stock in a research report on Friday, February 27th. DA Davidson decreased their target price on shares of Installed Building Products from $270.00 to $242.00 and set a “neutral” rating on the stock in a research report on Monday. Benchmark cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Finally, The Goldman Sachs Group decreased their target price on shares of Installed Building Products from $331.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $247.67.

Installed Building Products Price Performance

Installed Building Products stock opened at $205.90 on Tuesday. Installed Building Products has a 12-month low of $150.83 and a 12-month high of $349.00. The stock has a market capitalization of $5.55 billion, a P/E ratio of 21.95, a P/E/G ratio of 2.89 and a beta of 1.84. The firm’s 50-day moving average is $278.32 and its two-hundred day moving average is $281.62. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.35 and a quick ratio of 2.76.

Installed Building Products (NYSE:IBP) last released its earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.17). Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The company had revenue of $660.50 million during the quarter, compared to analyst estimates of $668.92 million. During the same period in the prior year, the business posted $2.08 earnings per share. Installed Building Products’s revenue was down 3.5% on a year-over-year basis. Equities analysts predict that Installed Building Products will post 10.51 earnings per share for the current year.

Insider Transactions at Installed Building Products

In related news, Director Janet E. Jackson sold 1,410 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $293.31, for a total value 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey W. Edwards sold 400,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $314.06, for a total transaction of $125,624,000.00. Following the completion of the transaction, the chief executive officer owned 1,727,819 shares in the company, valued at $542,638,835.14. The trade was a 18.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have bought a total of 4,046 shares of company stock valued at $844,194 in the last three months. 13.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. MGO One Seven LLC raised its holdings in Installed Building Products by 3.1% in the fourth quarter. MGO One Seven LLC now owns 1,133 shares of the construction company’s stock valued at $294,000 after buying an additional 34 shares during the period. Legacy Wealth Asset Management LLC raised its stake in shares of Installed Building Products by 2.6% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 1,396 shares of the construction company’s stock valued at $362,000 after purchasing an additional 35 shares during the period. Abel Hall LLC raised its stake in shares of Installed Building Products by 2.8% during the first quarter. Abel Hall LLC now owns 1,289 shares of the construction company’s stock valued at $342,000 after purchasing an additional 35 shares during the period. Vanguard Personalized Indexing Management LLC raised its stake in shares of Installed Building Products by 2.0% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 1,819 shares of the construction company’s stock valued at $472,000 after purchasing an additional 35 shares during the period. Finally, Maryland State Retirement & Pension System raised its stake in shares of Installed Building Products by 1.1% during the fourth quarter. Maryland State Retirement & Pension System now owns 3,315 shares of the construction company’s stock valued at $860,000 after purchasing an additional 35 shares during the period. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Key Stories Impacting Installed Building Products

Here are the key news stories impacting Installed Building Products this week:

• Positive Sentiment: Several IBP executives and directors bought shares this week, including the CFO, COO, and other insiders, signaling confidence that the stock may be undervalued.
• Positive Sentiment: DA Davidson’s new $242 price target still implies upside from recent levels, suggesting some analysts expect a rebound. Article
• Neutral Sentiment: Recent commentary on IBP points to mixed housing-market signals, with volume weakness and cost headwinds balancing the company’s otherwise stable market position. Article
• Negative Sentiment: JPMorgan’s price target cut to $195 and underweight rating are the clearest bearish catalysts, reinforcing concern about near-term earnings pressure and limited upside. Article

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.