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

Shares of Installed Building Products, Inc. (NYSE:IBP) have been given a consensus recommendation of “Moderate Buy” by the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $254.40.

Several brokerages have recently commented on IBP. The Goldman Sachs Group raised their price objective on shares of Installed Building Products from $260.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Evercore ISI raised their price target on shares of Installed Building Products from $271.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Truist Financial upped their price objective on shares of Installed Building Products from $235.00 to $240.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Jefferies Financial Group raised their target price on Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, StockNews.com lowered Installed Building Products from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th.

Installed Building Products Stock Up 1.9 %

Shares of Installed Building Products stock opened at $221.07 on Tuesday. The stock’s 50-day moving average is $231.10 and its 200 day moving average is $225.38. Installed Building Products has a one year low of $115.25 and a one year high of $281.04. The firm has a market cap of $6.24 billion, a price-to-earnings ratio of 24.67 and a beta of 1.95. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.08 and a quick ratio of 2.59.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IBP. Allspring Global Investments Holdings LLC purchased a new position in Installed Building Products during the first quarter worth about $29,000. V Square Quantitative Management LLC bought a new position in shares of Installed Building Products during the 3rd quarter worth approximately $29,000. GHP Investment Advisors Inc. boosted its stake in shares of Installed Building Products by 185.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after buying an additional 78 shares during the last quarter. CWM LLC grew its holdings in shares of Installed Building Products by 32.1% in the second quarter. CWM LLC now owns 255 shares of the construction company’s stock valued at $52,000 after acquiring an additional 62 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Installed Building Products during the first quarter valued at approximately $68,000. Institutional investors own 99.61% of the company’s stock.

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.