StockNews.com Upgrades Installed Building Products (NYSE:IBP) to Buy

StockNews.com upgraded shares of Installed Building Products (NYSE:IBP) from a hold rating to a buy rating in a research report sent to investors on Friday.

A number of other equities analysts have also weighed in on IBP. JPMorgan Chase & Co. upped their price target on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Jefferies Financial Group boosted their price objective on Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group cut their target price on Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. DA Davidson dropped their target price on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, Seaport Res Ptn cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $240.40.

Installed Building Products Stock Down 0.1 %

IBP opened at $205.03 on Friday. Installed Building Products has a 1-year low of $169.02 and a 1-year high of $281.04. The firm’s 50 day simple moving average is $196.98 and its two-hundred day simple moving average is $218.10. 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 capitalization of $5.77 billion, a PE ratio of 22.78 and a beta of 1.98.

Installed Building Products Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, December 13th. Installed Building Products’s payout ratio is 15.56%.

Hedge Funds Weigh In On Installed Building Products

Large investors have recently modified their holdings of the stock. Boston Trust Walden Corp boosted its stake in Installed Building Products by 23.0% during the fourth quarter. Boston Trust Walden Corp now owns 164,845 shares of the construction company’s stock worth $28,889,000 after buying an additional 30,840 shares during the period. Laurus Investment Counsel Inc. grew its stake in shares of Installed Building Products by 146.3% during the fourth quarter. Laurus Investment Counsel Inc. now owns 5,270 shares of the construction company’s stock valued at $924,000 after buying an additional 3,130 shares during the last quarter. Swedbank AB boosted its holdings in Installed Building Products by 26.4% during the 4th quarter. Swedbank AB now owns 330,000 shares of the construction company’s stock valued at $57,832,000 after acquiring an additional 69,000 shares during the period. Moody Aldrich Partners LLC grew its position in Installed Building Products by 28.3% in the 4th quarter. Moody Aldrich Partners LLC now owns 20,729 shares of the construction company’s stock valued at $3,633,000 after acquiring an additional 4,568 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of Installed Building Products by 293.5% during the fourth quarter. KBC Group NV now owns 2,562 shares of the construction company’s stock worth $449,000 after purchasing an additional 1,911 shares during the last quarter. 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.