Installed Building Products, Inc. (NYSE:IBP) Receives Average Recommendation of “Hold” from Analysts

Shares of Installed Building Products, Inc. (NYSE:IBP) have received an average rating of “Hold” from the ten analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $253.70.

A number of research firms have recently weighed in on IBP. DA Davidson reduced their price target on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group raised their price target on shares of Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Royal Bank of Canada downgraded shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and reduced their price target for the company from $203.00 to $197.00 in a research note on Friday, November 8th. The Goldman Sachs Group raised their price objective on shares of Installed Building Products from $260.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Finally, StockNews.com lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Tuesday.

Installed Building Products Trading Up 1.3 %

IBP opened at $228.38 on Friday. The company’s 50 day moving average is $229.82 and its 200-day moving average is $222.90. Installed Building Products has a 1-year low of $148.59 and a 1-year high of $281.04. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The company has a market cap of $6.43 billion, a P/E ratio of 25.38 and a beta of 1.95.

Installed Building Products Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.40 annualized dividend and a yield of 0.61%. Installed Building Products’s payout ratio is 15.56%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. raised its holdings in Installed Building Products by 13.0% during the 3rd quarter. Franklin Resources Inc. now owns 193,766 shares of the construction company’s stock worth $48,368,000 after purchasing an additional 22,367 shares during the last quarter. Sanctuary Advisors LLC bought a new position in Installed Building Products during the 3rd quarter worth approximately $353,000. TD Private Client Wealth LLC raised its holdings in Installed Building Products by 15.3% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,034 shares of the construction company’s stock worth $255,000 after purchasing an additional 137 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of 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 acquiring an additional 8,815 shares in the last quarter. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Installed Building Products in the 3rd quarter valued at $203,000. 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.