Analysts Set Installed Building Products, Inc. (NYSE:IBP) Price Target at $240.40

Shares of Installed Building Products, Inc. (NYSE:IBP) have been assigned a consensus recommendation of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $240.40.

Several analysts have recently commented on IBP shares. Seaport Res Ptn cut shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. DA Davidson cut their price objective on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, November 8th. The Goldman Sachs Group cut their target price on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Royal Bank of Canada lowered shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and dropped their price objective for the stock from $203.00 to $197.00 in a report on Friday, November 8th. Finally, Evercore ISI lowered shares of Installed Building Products from an “outperform” rating to an “underperform” rating and dropped their price objective for the stock from $238.00 to $206.00 in a report on Monday, December 16th.

Installed Building Products Price Performance

Shares of Installed Building Products stock opened at $178.09 on Thursday. 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 stock has a market capitalization of $5.01 billion, a price-to-earnings ratio of 19.79 and a beta of 1.99. Installed Building Products has a 1-year low of $169.02 and a 1-year high of $281.04. The firm’s 50-day moving average price is $188.28 and its two-hundred day moving average price is $212.35.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IBP. Creative Planning grew its position in shares of Installed Building Products by 39.6% in the 3rd quarter. Creative Planning now owns 7,712 shares of the construction company’s stock valued at $1,899,000 after acquiring an additional 2,187 shares during the period. NBC Securities Inc. raised its stake in Installed Building Products by 6.4% in the 3rd quarter. NBC Securities Inc. now owns 1,784 shares of the construction company’s stock worth $439,000 after purchasing an additional 108 shares in the last quarter. Bfsg LLC acquired a new position in shares of Installed Building Products in the 3rd quarter valued at approximately $1,048,000. nVerses Capital LLC raised its position in shares of Installed Building Products by 38.5% in the 3rd quarter. nVerses Capital LLC now owns 1,800 shares of the construction company’s stock valued at $443,000 after buying an additional 500 shares in the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in shares of Installed Building Products in the 3rd quarter valued at approximately $29,000. 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.