Installed Building Products, Inc. (NYSE:IBP – Get Free Report) has earned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $256.89.
A number of research firms have weighed in on IBP. Jefferies Financial Group lifted their price target on shares of Installed Building Products from $239.00 to $250.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. Royal Bank of Canada lifted their price target on shares of Installed Building Products from $201.00 to $203.00 and gave the stock a “sector perform” rating in a research note on Friday. Evercore ISI lifted their price target on shares of Installed Building Products from $274.00 to $282.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Benchmark lifted their price objective on Installed Building Products from $250.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, May 14th. Finally, Truist Financial lifted their price objective on Installed Building Products from $235.00 to $240.00 and gave the company a “hold” rating in a report on Friday.
Read Our Latest Research Report on Installed Building Products
Insider Transactions at Installed Building Products
Hedge Funds Weigh In On Installed Building Products
Institutional investors and hedge funds have recently modified their holdings of the business. NBC Securities Inc. acquired a new position in shares of Installed Building Products in the 4th quarter valued at approximately $25,000. Russell Investments Group Ltd. grew its position in shares of Installed Building Products by 280.6% in the 4th quarter. Russell Investments Group Ltd. now owns 137 shares of the construction company’s stock valued at $25,000 after purchasing an additional 101 shares during the period. Hexagon Capital Partners LLC lifted its stake in Installed Building Products by 253.7% in the 4th quarter. Hexagon Capital Partners LLC now owns 145 shares of the construction company’s stock valued at $27,000 after acquiring an additional 104 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Installed Building Products during the 1st quarter worth approximately $29,000. Finally, Annapolis Financial Services LLC boosted its position in Installed Building Products by 45.7% during the 4th quarter. Annapolis Financial Services LLC now owns 169 shares of the construction company’s stock worth $31,000 after acquiring an additional 53 shares during the last quarter. 99.61% of the stock is currently owned by institutional investors and hedge funds.
Installed Building Products Price Performance
Shares of IBP opened at $231.74 on Friday. The firm has a market cap of $6.59 billion, a PE ratio of 26.21 and a beta of 1.93. The firm’s 50 day moving average price is $220.70 and its 200 day moving average price is $224.86. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.67 and a current ratio of 3.08. Installed Building Products has a twelve month low of $106.01 and a twelve month high of $281.04.
Installed Building Products (NYSE:IBP – Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The construction company reported $2.37 EPS for the quarter, beating the consensus estimate of $2.08 by $0.29. The company had revenue of $692.90 million for the quarter, compared to the consensus estimate of $676.60 million. Installed Building Products had a return on equity of 44.93% and a net margin of 8.89%. As a group, research analysts expect that Installed Building Products will post 11.2 EPS for the current fiscal year.
Installed Building Products Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Sunday, September 15th will be given a $0.35 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.40 dividend on an annualized basis and a yield of 0.60%. Installed Building Products’s payout ratio is 15.84%.
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.
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