Installed Building Products (NYSE:IBP) Stock Rating Upgraded by Wall Street Zen

Installed Building Products (NYSE:IBP) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

IBP has been the subject of a number of other reports. Zacks Research raised Installed Building Products from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Vertical Research initiated coverage on Installed Building Products in a research report on Monday, October 20th. They set a “sell” rating for the company. Jefferies Financial Group boosted their price target on shares of Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a report on Monday, December 15th. Evercore ISI set a $265.00 price objective on shares of Installed Building Products in a report on Thursday, November 6th. Finally, Wells Fargo & Company initiated coverage on shares of Installed Building Products in a research report on Monday, November 17th. They issued an “equal weight” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Installed Building Products has an average rating of “Hold” and a consensus target price of $226.20.

Installed Building Products Stock Up 8.0%

IBP opened at $295.88 on Friday. Installed Building Products has a fifty-two week low of $150.83 and a fifty-two week high of $296.71. The firm has a market capitalization of $8.02 billion, a P/E ratio of 31.85, a PEG ratio of 5.47 and a beta of 1.91. The company’s 50-day moving average is $263.32 and its 200 day moving average is $247.73. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.78 and a quick ratio of 2.28.

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

Insider Transactions at Installed Building Products

In other news, Director Michael H. Thomas sold 2,001 shares of Installed Building Products stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total value of $536,828.28. Following the completion of the transaction, the director owned 8,373 shares in the company, valued at $2,246,308.44. This trade represents a 19.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William Jeffrey Hire sold 5,000 shares of the business’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 transaction of $1,258,150.00. Following the completion of the sale, the insider directly owned 32,999 shares in the company, valued at approximately $8,303,538.37. This trade represents a 13.16% decrease in their position. The disclosure for this sale is available in the SEC filing. 16.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Installed Building Products

Several institutional investors have recently made changes to their positions in IBP. Apollon Wealth Management LLC bought a new position in Installed Building Products in the third quarter valued at $481,000. Timucuan Asset Management Inc. FL boosted its holdings in shares of Installed Building Products by 73.2% in the 2nd quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company’s stock worth $156,261,000 after purchasing an additional 366,250 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Installed Building Products by 19.3% during the 2nd quarter. Franklin Resources Inc. now owns 238,077 shares of the construction company’s stock valued at $42,930,000 after purchasing an additional 38,585 shares during the last quarter. Trinity Financial Advisors LLC purchased a new position in shares of Installed Building Products during the 2nd quarter valued at about $1,244,000. Finally, Bahl & Gaynor Inc. lifted its position in Installed Building Products by 79.4% in the 2nd quarter. Bahl & Gaynor Inc. now owns 8,211 shares of the construction company’s stock worth $1,481,000 after buying an additional 3,633 shares during the last quarter. Hedge funds and other 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.