Installed Building Products (NYSE:IBP) Reaches New 12-Month Low – Should You Sell?

Installed Building Products, Inc. (NYSE:IBP)’s share price reached a new 52-week low on Saturday . The company traded as low as $157.93 and last traded at $173.19, with a volume of 784236 shares changing hands. The stock had previously closed at $163.79.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on IBP shares. StockNews.com cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, February 28th. Seaport Res Ptn downgraded Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Loop Capital decreased their price objective on Installed Building Products from $230.00 to $215.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Truist Financial dropped their target price on Installed Building Products from $240.00 to $180.00 and set a “hold” rating on the stock in a report on Monday, March 3rd. Finally, DA Davidson decreased their price target on Installed Building Products from $260.00 to $225.00 and set a “buy” rating for the company in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $216.09.

Installed Building Products Trading Up 5.7 %

The stock has a market capitalization of $4.81 billion, a PE ratio of 19.24 and a beta of 1.84. 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 has a 50-day moving average price of $177.57 and a 200-day moving average price of $200.80.

Installed Building Products Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date was Friday, March 14th. This is an increase from Installed Building Products’s previous quarterly dividend of $0.35. Installed Building Products’s dividend payout ratio (DPR) is 16.26%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP raised its holdings in shares of Installed Building Products by 2.1% in the 4th quarter. Wellington Management Group LLP now owns 143,579 shares of the construction company’s stock worth $25,162,000 after purchasing an additional 2,939 shares during the period. Jefferies Financial Group Inc. bought a new stake in shares of Installed Building Products in the fourth quarter valued at $823,000. Ascent Group LLC lifted its position 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 valued at $4,093,000 after buying an additional 3,671 shares during the last quarter. McIlrath & Eck LLC grew its stake 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 acquiring an additional 61 shares during the period. Finally, Mpwm Advisory Solutions LLC purchased a new stake in Installed Building Products in the 4th quarter worth about $90,000. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

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.