Installed Building Products, Inc. (NYSE:IBP) Given Average Rating of “Hold” by Analysts

Shares of Installed Building Products, Inc. (NYSE:IBP) have received an average recommendation of “Hold” from the eleven research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $219.40.

A number of analysts recently commented on the company. Loop Capital decreased their price objective on Installed Building Products from $230.00 to $215.00 and set a “buy” rating on the stock in a research note on Tuesday, March 4th. Benchmark lowered their price target on shares of Installed Building Products from $250.00 to $210.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Evercore ISI lowered shares of Installed Building Products from an “outperform” rating to an “underperform” rating and cut their price objective for the company from $238.00 to $206.00 in a research report on Monday, December 16th. The Goldman Sachs Group decreased their target price on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. boosted their price target on Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a report on Friday, November 22nd.

Installed Building Products Price Performance

Shares of NYSE:IBP opened at $171.64 on Monday. 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 business’s fifty day moving average price is $182.38 and its two-hundred day moving average price is $205.59. The stock has a market cap of $4.76 billion, a PE ratio of 19.07 and a beta of 2.05. Installed Building Products has a one year low of $159.77 and a one year high of $281.04.

Installed Building Products Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 0.86%. This is a boost from Installed Building Products’s previous quarterly dividend of $0.35. Installed Building Products’s dividend payout ratio (DPR) is presently 16.26%.

Hedge Funds Weigh In On Installed Building Products

A number of large investors have recently modified their holdings of the company. FMR LLC grew its holdings in shares of Installed Building Products by 61.5% during the 3rd quarter. FMR LLC now owns 965,551 shares of the construction company’s stock worth $237,786,000 after purchasing an additional 367,628 shares during the period. Summit Partners Public Asset Management LLC acquired a new position in Installed Building Products during the third quarter valued at approximately $54,499,000. First Trust Advisors LP grew its stake in Installed Building Products by 69.8% during the fourth quarter. First Trust Advisors LP now owns 485,727 shares of the construction company’s stock worth $85,124,000 after buying an additional 199,657 shares during the period. Norges Bank acquired a new stake in shares of Installed Building Products in the fourth quarter worth $28,509,000. Finally, T. Rowe Price Investment Management Inc. raised its stake in shares of Installed Building Products by 87.9% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 338,081 shares of the construction company’s stock valued at $59,249,000 after acquiring an additional 158,173 shares during the period. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

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.