Installed Building Products (NYSE:IBP) Price Target Raised to $252.00

Installed Building Products (NYSE:IBP) had its price objective increased by stock analysts at Jefferies Financial Group from $240.00 to $252.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the construction company’s stock. Jefferies Financial Group’s price target suggests a potential upside of 5.02% from the stock’s previous close.

IBP has been the topic of a number of other reports. Stephens restated an “equal weight” rating and issued a $240.00 price target on shares of Installed Building Products in a research report on Monday, August 5th. StockNews.com downgraded Installed Building Products from a “buy” rating to a “hold” rating in a research note on Friday, September 6th. Royal Bank of Canada increased their price target on Installed Building Products from $201.00 to $203.00 and gave the stock a “sector perform” rating in a research report on Friday, August 2nd. Evercore ISI boosted their price objective on Installed Building Products from $274.00 to $282.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, Truist Financial increased their target price on Installed Building Products from $235.00 to $240.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Installed Building Products has a consensus rating of “Hold” and an average price target of $255.40.

Installed Building Products Stock Down 0.5 %

Installed Building Products stock traded down $1.12 during midday trading on Wednesday, hitting $239.96. The stock had a trading volume of 172,433 shares, compared to its average volume of 290,918. The business has a fifty day moving average price of $225.58 and a 200 day moving average price of $227.11. Installed Building Products has a 12 month low of $106.01 and a 12 month high of $281.04. The stock has a market cap of $6.83 billion, a P/E ratio of 27.14 and a beta of 1.94. The company has a current ratio of 3.08, a quick ratio of 2.59 and a debt-to-equity ratio of 1.24.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings results on Thursday, August 1st. The construction company reported $2.90 earnings per share for the quarter, beating analysts’ consensus estimates of $2.77 by $0.13. The business had revenue of $737.60 million during the quarter, compared to the consensus estimate of $743.86 million. Installed Building Products had a return on equity of 44.93% and a net margin of 8.89%. Research analysts predict that Installed Building Products will post 11.06 EPS for the current year.

Hedge Funds Weigh In On Installed Building Products

Large investors have recently bought and sold shares of the stock. C M Bidwell & Associates Ltd. increased its stake in shares of Installed Building Products by 1,393.8% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 239 shares of the construction company’s stock valued at $44,000 after acquiring an additional 223 shares during the period. Goodnow Investment Group LLC increased its position in shares of Installed Building Products by 28.9% during the 4th quarter. Goodnow Investment Group LLC now owns 92,423 shares of the construction company’s stock valued at $16,897,000 after purchasing an additional 20,737 shares during the period. Quarry LP increased its position in shares of Installed Building Products by 37.5% during the 4th quarter. Quarry LP now owns 209 shares of the construction company’s stock valued at $38,000 after purchasing an additional 57 shares during the period. Virtu Financial LLC bought a new stake in shares of Installed Building Products in the 4th quarter worth $864,000. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Installed Building Products by 14.1% in the first quarter. Los Angeles Capital Management LLC now owns 16,540 shares of the construction company’s stock valued at $4,279,000 after buying an additional 2,040 shares during the period. Institutional investors and hedge funds 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.