What is DA Davidson’s Estimate for IBP Q3 Earnings?

Installed Building Products, Inc. (NYSE:IBP) – Equities research analysts at DA Davidson lowered their Q3 2024 EPS estimates for shares of Installed Building Products in a research report issued to clients and investors on Thursday, October 24th. DA Davidson analyst K. Yinger now expects that the construction company will post earnings of $2.83 per share for the quarter, down from their prior estimate of $2.96. The consensus estimate for Installed Building Products’ current full-year earnings is $11.06 per share. DA Davidson also issued estimates for Installed Building Products’ FY2024 earnings at $10.95 EPS and FY2025 earnings at $12.09 EPS.

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

Several other research firms have also recently weighed in on IBP. Evercore ISI lifted their price objective on Installed Building Products from $271.00 to $272.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. StockNews.com upgraded Installed Building Products from a “hold” rating to a “buy” rating in a report on Tuesday, October 22nd. Jefferies Financial Group increased their price target on Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. The Goldman Sachs Group raised their price objective on shares of Installed Building Products from $260.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Truist Financial raised their price objective on Installed Building Products from $235.00 to $240.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $254.40.

Installed Building Products Price Performance

IBP opened at $230.44 on Monday. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.08 and a quick ratio of 2.59. Installed Building Products has a 1 year low of $106.92 and a 1 year high of $281.04. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 26.07 and a beta of 1.94. The stock’s 50 day simple moving average is $231.00 and its 200 day simple moving average is $225.90.

Installed Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Sunday, September 15th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.61%. The ex-dividend date was Friday, September 13th. Installed Building Products’s dividend payout ratio (DPR) is 15.84%.

Institutional Trading of Installed Building Products

Several institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new position in shares of Installed Building Products in the first quarter worth about $29,000. V Square Quantitative Management LLC bought a new position in Installed Building Products in the 3rd quarter worth about $29,000. GHP Investment Advisors Inc. increased its position in shares of Installed Building Products by 185.7% during the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after acquiring an additional 78 shares during the period. CWM LLC raised its stake in shares of Installed Building Products by 32.1% during the second quarter. CWM LLC now owns 255 shares of the construction company’s stock valued at $52,000 after acquiring an additional 62 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Installed Building Products in the first quarter valued at approximately $68,000. 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.