Installed Building Products, Inc. (NYSE:IBP) Given Consensus Recommendation of “Hold” by Brokerages

Installed Building Products, Inc. (NYSE:IBP) has received a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $240.40.

Several research analysts have weighed in on IBP shares. Royal Bank of Canada lowered shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and dropped their price objective for the company from $203.00 to $197.00 in a research note on Friday, November 8th. The Goldman Sachs Group cut their price objective on Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their target price on Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Evercore ISI downgraded Installed Building Products from an “outperform” rating to an “underperform” rating and cut their price target for the stock from $238.00 to $206.00 in a research note on Monday, December 16th. Finally, StockNews.com upgraded Installed Building Products from a “hold” rating to a “buy” rating in a report on Friday.

Installed Building Products Trading Down 0.1 %

Installed Building Products stock opened at $205.03 on Friday. Installed Building Products has a 52 week low of $169.02 and a 52 week high of $281.04. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The firm has a market capitalization of $5.77 billion, a price-to-earnings ratio of 22.78 and a beta of 1.98. The company has a 50 day moving average price of $196.98 and a 200 day moving average price of $218.05.

Installed Building Products Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Sunday, December 15th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Friday, December 13th. Installed Building Products’s dividend payout ratio (DPR) is presently 15.56%.

Institutional Investors Weigh In On Installed Building Products

A number of institutional investors have recently added to or reduced their stakes in the stock. Teachers Retirement System of The State of Kentucky boosted its stake in Installed Building Products by 121.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 16,094 shares of the construction company’s stock valued at $3,963,000 after buying an additional 8,815 shares in the last quarter. Summit Partners Public Asset Management LLC bought a new position in shares of Installed Building Products during the third quarter valued at $54,499,000. Creative Planning boosted its stake in shares of Installed Building Products by 39.6% in the 3rd quarter. Creative Planning now owns 7,712 shares of the construction company’s stock valued at $1,899,000 after purchasing an additional 2,187 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Installed Building Products by 6.4% during the 3rd quarter. Natixis Advisors LLC now owns 74,252 shares of the construction company’s stock worth $18,286,000 after purchasing an additional 4,451 shares in the last quarter. Finally, Citigroup Inc. lifted its holdings in Installed Building Products by 54.0% during the 3rd quarter. Citigroup Inc. now owns 47,235 shares of the construction company’s stock valued at $11,633,000 after purchasing an additional 16,569 shares during the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

Installed Building Products Company Profile

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.