Installed Building Products (NYSE:IBP – Free Report) had its price objective cut by Wells Fargo & Company from $285.00 to $250.00 in a report published on Friday morning,Benzinga reports. They currently have an equal weight rating on the construction company’s stock.
A number of other equities research 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 report on Friday, January 16th. Vertical Research upgraded shares of Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 price target for the company in a report on Friday, February 27th. DA Davidson upped their price target on shares of Installed Building Products from $252.00 to $270.00 and gave the company a “neutral” rating in a report on Wednesday, March 18th. Weiss Ratings upgraded shares of Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, April 22nd. Finally, Benchmark lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $253.00.
Read Our Latest Stock Report on IBP
Installed Building Products Trading Up 1.4%
Installed Building Products (NYSE:IBP – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The construction company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.17). The business had revenue of $660.50 million during the quarter, compared to the consensus estimate of $668.92 million. Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The company’s revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.08 earnings per share. As a group, equities research analysts forecast that Installed Building Products will post 10.81 earnings per share for the current year.
Installed Building Products Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, June 15th. Installed Building Products’s dividend payout ratio (DPR) is presently 16.03%.
Insider Transactions at Installed Building Products
In other news, Director Janet E. Jackson sold 1,410 shares of the 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 $1,575,954.63. This represents a 20.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the transaction, the chief executive officer owned 1,727,819 shares in the company, valued at $542,638,835.14. This trade represents a 18.80% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 13.80% of the company’s stock.
Institutional Investors Weigh In On Installed Building Products
A number of institutional investors have recently added to or reduced their stakes in the stock. MGO One Seven LLC grew its holdings in Installed Building Products by 3.1% during the 4th 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 in the last quarter. Legacy Wealth Asset Management LLC grew its holdings in shares of Installed Building Products by 2.6% in 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 in the last quarter. Abel Hall LLC grew its holdings in shares of Installed Building Products by 2.8% in 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 in the last quarter. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Installed Building Products by 2.0% in 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 in the last quarter. Finally, Maryland State Retirement & Pension System grew its holdings in shares of Installed Building Products by 1.1% in 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 in the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.
Key Headlines Impacting Installed Building Products
Here are the key news stories impacting Installed Building Products this week:
- Positive Sentiment: Goldman Sachs lowered its price target to $285 from $331 but kept a buy rating, still implying meaningful upside from current levels. Goldman Sachs lowers Installed Building Products target
- Neutral Sentiment: Wells Fargo cut its target to $250 from $285 and maintained an equal weight rating, signaling a more cautious but not outright bearish view. Wells Fargo lowers Installed Building Products target
- Neutral Sentiment: Stephens reduced its target to $240 from $300 and kept an equal weight rating, reflecting lower expectations after the quarter. Stephens lowers Installed Building Products target
- Negative Sentiment: IBP reported first-quarter adjusted EPS of $1.79, missing consensus, while revenue of $660.5 million also came in below estimates and declined 3.5% year over year. Installed Building Products first-quarter results
- Negative Sentiment: Several headlines highlighted that the earnings and revenue miss contributed to a sharp post-earnings selloff, reinforcing investor concern about near-term demand trends. IBP revenue miss and stock reaction
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.
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