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

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

Other equities analysts also recently issued research reports about the stock. DA Davidson cut their price objective on shares of Installed Building Products from $260.00 to $225.00 and set a “buy” rating on the stock in a report on Friday. JPMorgan Chase & Co. upped their price objective on shares of Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. Evercore ISI downgraded shares of Installed Building Products from an “outperform” rating to an “underperform” rating and cut their price objective for the company from $238.00 to $206.00 in a report on Monday, December 16th. The Goldman Sachs Group cut their price objective 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. Finally, Royal Bank of Canada downgraded shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and cut their price objective for the company from $203.00 to $197.00 in a report on Friday, November 8th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $236.90.

Installed Building Products Stock Performance

Shares of Installed Building Products stock opened at $171.46 on Friday. The company has a market capitalization of $4.83 billion, a PE ratio of 19.05 and a beta of 1.99. 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 50-day simple moving average of $183.20 and a two-hundred day simple moving average of $208.65. Installed Building Products has a one year low of $162.20 and a one year high of $281.04.

Institutional Trading of Installed Building Products

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jefferies Financial Group Inc. acquired a new stake in shares of Installed Building Products in the 4th quarter worth $823,000. Ascent Group LLC grew its holdings in shares of Installed Building Products by 18.6% during the 4th quarter. Ascent Group LLC now owns 23,357 shares of the construction company’s stock worth $4,093,000 after purchasing an additional 3,671 shares during the period. McIlrath & Eck LLC grew its holdings in shares of Installed Building Products by 32.3% during the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company’s stock worth $44,000 after purchasing an additional 61 shares during the period. Mpwm Advisory Solutions LLC purchased a new position in shares of Installed Building Products during the 4th quarter worth $90,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Installed Building Products by 5.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 103,901 shares of the construction company’s stock worth $18,209,000 after purchasing an additional 5,194 shares during the period. 99.61% of the stock is owned by institutional investors and hedge funds.

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.