Installed Building Products (NYSE:IBP) Lowered to “Hold” Rating by Benchmark

Installed Building Products (NYSE:IBP) was downgraded by equities researchers at Benchmark from a “buy” rating to a “hold” rating in a report released on Wednesday, MarketBeat.com reports.

Several other analysts have also commented on the stock. Zacks Research lowered shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Wells Fargo & Company lifted 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 research report on Wednesday, January 14th. Jefferies Financial Group raised their target price on Installed Building Products from $230.00 to $259.00 and gave the company a “hold” rating in a report on Monday, December 15th. Wall Street Zen lowered Installed Building Products from a “buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Finally, Royal Bank Of Canada lifted their target price on Installed Building Products from $184.00 to $203.00 and gave the stock an “underperform” rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Buy rating, nine have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $235.36.

Installed Building Products Price Performance

IBP stock opened at $336.94 on Wednesday. Installed Building Products has a 12-month low of $150.83 and a 12-month high of $341.60. The stock has a 50-day moving average price of $285.62 and a two-hundred day moving average price of $265.27. The company has a current ratio of 2.78, a quick ratio of 2.28 and a debt-to-equity ratio of 1.25. The company has a market cap of $9.14 billion, a PE ratio of 36.27, a price-to-earnings-growth ratio of 7.58 and a beta of 1.92.

Insiders Place Their Bets

In other Installed Building Products news, Director Michael H. Thomas sold 2,001 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total value of $536,828.28. Following the completion of the transaction, the director directly owned 8,373 shares of the company’s stock, valued at approximately $2,246,308.44. The trade was a 19.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 16.20% of the company’s stock.

Hedge Funds Weigh In On Installed Building Products

A number of large investors have recently added to or reduced their stakes in IBP. Eminence Capital LP lifted its holdings in shares of Installed Building Products by 48.5% in the second quarter. Eminence Capital LP now owns 945,101 shares of the construction company’s stock valued at $170,421,000 after purchasing an additional 308,717 shares in the last quarter. Timucuan Asset Management Inc. FL lifted its stake in 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 valued at $156,261,000 after acquiring an additional 366,250 shares in the last quarter. Giverny Capital Inc. boosted its position in Installed Building Products by 1.3% during the 2nd quarter. Giverny Capital Inc. now owns 514,459 shares of the construction company’s stock worth $92,767,000 after acquiring an additional 6,386 shares during the last quarter. Bamco Inc. NY grew its stake in shares of Installed Building Products by 8.5% during the 2nd quarter. Bamco Inc. NY now owns 481,039 shares of the construction company’s stock worth $86,741,000 after acquiring an additional 37,595 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of Installed Building Products by 2.4% in the third quarter. First Trust Advisors LP now owns 399,510 shares of the construction company’s stock valued at $98,543,000 after purchasing an additional 9,489 shares during the last quarter. Institutional investors own 99.61% of the company’s stock.

About Installed Building Products

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.