Installed Building Products (NYSE:IBP) Given New $210.00 Price Target at Benchmark

Installed Building Products (NYSE:IBP) had its price objective reduced by Benchmark from $250.00 to $210.00 in a research report released on Monday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

A number of other research analysts have also issued reports on the company. StockNews.com lowered Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday. The Goldman Sachs Group lowered their target price on 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 Installed Building Products from a “sector perform” rating to an “underperform” rating and lowered their target price for the stock from $203.00 to $197.00 in a report on Friday, November 8th. Seaport Res Ptn lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Finally, JPMorgan Chase & Co. lifted their target price on Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $224.90.

Installed Building Products Price Performance

Shares of NYSE IBP opened at $162.58 on Monday. Installed Building Products has a fifty-two week low of $161.64 and a fifty-two week high of $281.04. The firm’s 50-day simple moving average is $183.20 and its 200 day simple moving average is $208.62. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The stock has a market cap of $4.58 billion, a P/E ratio of 18.06 and a beta of 1.99.

Installed Building Products Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 0.91%. This is a boost from Installed Building Products’s previous quarterly dividend of $0.35. Installed Building Products’s dividend payout ratio (DPR) is currently 16.26%.

Hedge Funds Weigh In On Installed Building Products

A number of institutional investors have recently bought and sold shares of IBP. Vanguard Group Inc. boosted its position in Installed Building Products by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 2,636,803 shares of the construction company’s stock worth $462,100,000 after acquiring an additional 16,597 shares during the period. State Street Corp boosted its position in Installed Building Products by 8.4% during the 3rd quarter. State Street Corp now owns 1,248,515 shares of the construction company’s stock worth $307,472,000 after acquiring an additional 96,780 shares during the period. FIL Ltd boosted its position in Installed Building Products by 14.0% during the 4th quarter. FIL Ltd now owns 1,039,038 shares of the construction company’s stock worth $182,091,000 after acquiring an additional 127,215 shares during the period. FMR LLC boosted its position in Installed Building Products by 61.5% during the 3rd quarter. FMR LLC now owns 965,551 shares of the construction company’s stock worth $237,786,000 after acquiring an additional 367,628 shares during the period. Finally, Geode Capital Management LLC boosted its position in Installed Building Products by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 633,556 shares of the construction company’s stock worth $111,053,000 after acquiring an additional 10,553 shares during the period. Hedge funds and other 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.