Installed Building Products, Inc. (NYSE:IBP) Receives Average Recommendation of “Hold” from Analysts

Shares of Installed Building Products, Inc. (NYSE:IBP) have earned an average recommendation of “Hold” from the eleven ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $240.40.

A number of brokerages have commented on IBP. DA Davidson reduced 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 report on Friday, November 8th. Jefferies Financial Group boosted their price objective on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. JPMorgan Chase & Co. raised their target price on shares of Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. The Goldman Sachs Group reduced their price target on 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, Seaport Res Ptn cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new position in shares of Installed Building Products during the 3rd quarter worth approximately $29,000. GHP Investment Advisors Inc. raised its position in 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. Advisors Asset Management Inc. raised its position in Installed Building Products by 152.2% during the third quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock worth $57,000 after acquiring an additional 140 shares during the period. Quarry LP grew its position in shares of Installed Building Products by 953.3% in the third quarter. Quarry LP now owns 316 shares of the construction company’s stock valued at $78,000 after purchasing an additional 286 shares during the period. Finally, Centaurus Financial Inc. purchased a new stake in shares of Installed Building Products during the third quarter worth about $111,000. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Trading Down 1.3 %

NYSE IBP opened at $196.38 on Friday. Installed Building Products has a one year low of $169.02 and a one year high of $281.04. 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 company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 21.82 and a beta of 1.98. The company’s 50-day simple moving average is $197.38 and its two-hundred day simple moving average is $218.02.

Installed Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.71%. Installed Building Products’s payout ratio is 15.56%.

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.