Installed Building Products (NYSE:IBP) Stock Rating Upgraded by StockNews.com

Installed Building Products (NYSE:IBP) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Several other equities research analysts have also issued reports on IBP. The Goldman Sachs Group decreased their price target 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. Evercore ISI downgraded shares of Installed Building Products from an “outperform” rating to an “underperform” rating and cut their target price for the stock from $238.00 to $206.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. lifted their target price 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. Seaport Res Ptn downgraded shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, DA Davidson cut their target price on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Two investment 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $240.40.

Installed Building Products Trading Down 2.4 %

Shares of Installed Building Products stock opened at $173.73 on Wednesday. The firm has a market capitalization of $4.89 billion, a PE ratio of 19.30 and a beta of 1.99. 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 firm’s 50 day moving average is $187.49 and its 200 day moving average is $211.53. Installed Building Products has a 1 year low of $169.02 and a 1 year high of $281.04.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. GHP Investment Advisors Inc. lifted its position in shares of Installed Building Products by 185.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after purchasing an additional 78 shares during the period. Curio Wealth LLC bought a new stake in shares of Installed Building Products in the 4th quarter worth $30,000. Advisors Asset Management Inc. grew its stake in shares of Installed Building Products by 152.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock worth $57,000 after acquiring an additional 140 shares in the last quarter. McIlrath & Eck LLC grew its position in Installed Building Products by 32.3% during the fourth quarter. McIlrath & Eck LLC now owns 250 shares of the construction company’s stock valued at $44,000 after buying an additional 61 shares during the period. Finally, Quarry LP lifted its holdings in Installed Building Products by 953.3% during 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 last quarter. 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.