Installed Building Products, Inc. (NYSE:IBP) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Installed Building Products, Inc. (NYSE:IBP) have earned an average rating of “Moderate Buy” from the eleven analysts that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $229.30.

A number of analysts have recently weighed in on the company. Benchmark upped their price objective on Installed Building Products from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Evercore ISI upped their price target on Installed Building Products from $226.00 to $272.00 and gave the stock an “outperform” rating in a report on Tuesday, April 2nd. Royal Bank of Canada lifted their price objective on Installed Building Products from $216.00 to $220.00 and gave the company a “sector perform” rating in a research note on Friday, May 10th. Loop Capital boosted their price objective on Installed Building Products from $250.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Installed Building Products from $242.00 to $227.00 and set a “neutral” rating on the stock in a report on Monday, May 13th.

Installed Building Products Stock Performance

Shares of Installed Building Products stock opened at $198.81 on Wednesday. The company has a debt-to-equity ratio of 1.25, a current ratio of 3.18 and a quick ratio of 2.67. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 22.49 and a beta of 1.93. The business has a 50-day moving average of $218.03 and a 200 day moving average of $216.62. Installed Building Products has a 12 month low of $106.01 and a 12 month high of $263.76.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings data on Thursday, May 9th. The construction company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.08 by $0.29. Installed Building Products had a net margin of 8.90% and a return on equity of 45.41%. The business had revenue of $692.90 million during the quarter, compared to analyst estimates of $676.60 million. As a group, sell-side analysts forecast that Installed Building Products will post 11.2 earnings per share for the current year.

Installed Building Products Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, June 30th. Stockholders of record on Saturday, June 15th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Friday, June 14th. Installed Building Products’s dividend payout ratio (DPR) is presently 15.84%.

Insiders Place Their Bets

In other news, Director Janet E. Jackson sold 2,122 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $211.65, for a total transaction of $449,121.30. Following the transaction, the director now directly owns 7,046 shares in the company, valued at $1,491,285.90. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Installed Building Products news, insider Jason R. Niswonger sold 6,000 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $229.84, for a total value of $1,379,040.00. Following the completion of the sale, the insider now owns 13,159 shares of the company’s stock, valued at $3,024,464.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Janet E. Jackson sold 2,122 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $211.65, for a total transaction of $449,121.30. Following the transaction, the director now directly owns 7,046 shares in the company, valued at $1,491,285.90. The disclosure for this sale can be found here. 16.50% of the stock is owned by insiders.

Institutional Trading of Installed Building Products

A number of institutional investors have recently added to or reduced their stakes in the stock. Tactive Advisors LLC acquired a new stake in shares of Installed Building Products during the 1st quarter valued at approximately $346,000. Cetera Advisors LLC acquired a new position in Installed Building Products during the first quarter worth $372,000. Swedbank AB purchased a new stake in Installed Building Products during the first quarter worth $96,248,000. Virtu Financial LLC grew its holdings in Installed Building Products by 43.2% in the first quarter. Virtu Financial LLC now owns 6,772 shares of the construction company’s stock valued at $1,752,000 after purchasing an additional 2,043 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Installed Building Products by 3.1% in the first quarter. Janus Henderson Group PLC now owns 20,228 shares of the construction company’s stock valued at $5,232,000 after buying an additional 606 shares in the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

About Installed Building Products

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.