Installed Building Products (NYSE:IBP) Reaches New 12-Month High – Here’s What Happened

Installed Building Products, Inc. (NYSE:IBP) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $335.32 and last traded at $336.8090, with a volume of 108660 shares trading hands. The stock had previously closed at $324.49.

Analyst Ratings Changes

Several research analysts have recently weighed in on IBP shares. Wells Fargo & Company upped their price target on shares of Installed Building Products from $275.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, January 14th. Weiss Ratings downgraded Installed Building Products from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 26th. Royal Bank Of Canada increased their price objective on Installed Building Products from $184.00 to $203.00 and gave the stock an “underperform” rating in a report on Thursday, November 6th. Vertical Research started coverage on Installed Building Products in a research note on Monday, October 20th. They issued a “sell” rating on the stock. Finally, Zacks Research downgraded Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Installed Building Products presently has a consensus rating of “Reduce” and a consensus price target of $235.36.

Installed Building Products Price Performance

The business has a fifty day moving average of $284.14 and a two-hundred day moving average of $264.34. The company has a debt-to-equity ratio of 1.25, a quick ratio of 2.28 and a current ratio of 2.78. The firm has a market capitalization of $9.21 billion, a price-to-earnings ratio of 36.54, a price-to-earnings-growth ratio of 7.68 and a beta of 1.92.

Insider Buying and Selling at Installed Building Products

In related news, Director Michael H. Thomas sold 2,001 shares of Installed Building Products stock in a transaction that occurred 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 sale, the director directly owned 8,373 shares of the company’s stock, valued at approximately $2,246,308.44. This trade represents a 19.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 16.20% of the company’s stock.

Institutional Trading of Installed Building Products

Institutional investors have recently bought and sold shares of the business. Danske Bank A S acquired a new stake in shares of Installed Building Products in the third quarter valued at approximately $25,000. NewEdge Advisors LLC grew its holdings 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 worth $25,000 after purchasing an additional 100 shares in the last quarter. Curio Wealth LLC increased its position in shares of Installed Building Products by 16,800.0% in the second quarter. Curio Wealth LLC now owns 169 shares of the construction company’s stock worth $30,000 after purchasing an additional 168 shares during the period. Aster Capital Management DIFC Ltd acquired a new position in Installed Building Products in the third quarter valued at about $33,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Installed Building Products by 700.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock valued at $37,000 after purchasing an additional 133 shares in 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.