Installed Building Products, Inc. (NYSE:IBP) Receives Consensus Recommendation of “Reduce” from Brokerages

Shares of Installed Building Products, Inc. (NYSE:IBP) have been assigned a consensus recommendation of “Reduce” from the thirteen analysts that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $257.7273.

IBP has been the subject of several research reports. Wall Street Zen upgraded Installed Building Products from a “hold” rating to a “buy” rating in a research report on Saturday, March 21st. Vertical Research upgraded Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 price objective on the stock in a research note on Friday, February 27th. Weiss Ratings downgraded shares of Installed Building Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 20th. Royal Bank Of Canada boosted their target price on shares of Installed Building Products from $203.00 to $255.00 and gave the company an “underperform” rating in a research note on Friday, February 27th. Finally, DA Davidson increased their target price on shares of Installed Building Products from $252.00 to $270.00 and gave the stock a “neutral” rating in a report on Wednesday, March 18th.

Insider Transactions at Installed Building Products

In other news, CEO Jeffrey W. Edwards sold 400,000 shares of the stock in a transaction that occurred on Tuesday, March 3rd. The stock was sold at an average price of $314.06, for a total transaction of $125,624,000.00. Following the sale, the chief executive officer directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Janet E. Jackson sold 1,410 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $293.31, for a total value of $413,567.10. Following the completion of the sale, the director directly owned 5,373 shares in the company, valued at approximately $1,575,954.63. This trade represents a 20.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 16.20% of the company’s stock.

Institutional Investors Weigh In On Installed Building Products

Several large investors have recently added to or reduced their stakes in the stock. Danske Bank A S acquired a new position in shares of Installed Building Products during the third quarter valued at $25,000. NewEdge Advisors LLC increased its holdings in shares of Installed Building Products by 5,000.0% in the 3rd quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock worth $25,000 after acquiring an additional 100 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in Installed Building Products in the 3rd quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. lifted its position in Installed Building Products by 700.0% in the 3rd 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 during the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in Installed Building Products during the 3rd quarter valued at about $42,000. 99.61% of the stock is owned by institutional investors and hedge funds.

Installed Building Products Price Performance

IBP opened at $264.92 on Friday. The company has a market capitalization of $7.15 billion, a P/E ratio of 27.23, a PEG ratio of 3.82 and a beta of 1.90. The company has a 50-day moving average of $305.12 and a 200-day moving average of $277.07. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.44 and a current ratio of 3.03. Installed Building Products has a 1-year low of $150.83 and a 1-year high of $349.00.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings results on Thursday, February 26th. The construction company reported $3.24 EPS for the quarter, topping the consensus estimate of $2.83 by $0.41. The business had revenue of $747.50 million for the quarter, compared to analysts’ expectations of $738.97 million. Installed Building Products had a net margin of 8.93% and a return on equity of 43.71%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same quarter last year, the company posted $2.88 earnings per share. Equities analysts expect that Installed Building Products will post 10.66 EPS for the current fiscal year.

Installed Building Products Dividend Announcement

The firm also recently disclosed a special dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $1.80 per share. The ex-dividend date is Friday, March 13th. This represents a yield of 63.0%. Installed Building Products’s dividend payout ratio is 16.03%.

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.