Installed Building Products, Inc. (NYSE:IBP) Given Consensus Recommendation of “Moderate Buy” by Analysts

Installed Building Products, Inc. (NYSE:IBP) has received an average recommendation of “Moderate Buy” from the ten brokerages that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $255.40.

Several equities analysts recently issued reports on IBP shares. Evercore ISI upped their price objective on shares of Installed Building Products from $274.00 to $282.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Truist Financial raised their price target on shares of Installed Building Products from $235.00 to $240.00 and gave the company a “hold” rating in a report on Friday, August 2nd. The Goldman Sachs Group raised their price target on shares of Installed Building Products from $260.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Royal Bank of Canada raised their price target on shares of Installed Building Products from $201.00 to $203.00 and gave the company a “sector perform” rating in a report on Friday, August 2nd. Finally, Stephens reaffirmed an “equal weight” rating and set a $240.00 price target on shares of Installed Building Products in a report on Monday, August 5th.

Institutional Investors Weigh In On Installed Building Products

A number of large investors have recently made changes to their positions in IBP. Allspring Global Investments Holdings LLC acquired a new stake in shares of Installed Building Products during the first quarter valued at approximately $29,000. Quarry LP lifted its stake in shares of Installed Building Products by 37.5% in the fourth quarter. Quarry LP now owns 209 shares of the construction company’s stock worth $38,000 after buying an additional 57 shares during the last quarter. C M Bidwell & Associates Ltd. lifted its stake in shares of Installed Building Products by 1,393.8% in the fourth quarter. C M Bidwell & Associates Ltd. now owns 239 shares of the construction company’s stock worth $44,000 after buying an additional 223 shares during the last quarter. CWM LLC lifted its stake in shares of Installed Building Products by 32.1% in the second quarter. CWM LLC now owns 255 shares of the construction company’s stock worth $52,000 after buying an additional 62 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in shares of Installed Building Products by 50.3% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 263 shares of the construction company’s stock worth $68,000 after buying an additional 88 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Price Performance

Shares of IBP opened at $233.92 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.08 and a quick ratio of 2.59. The stock has a market cap of $6.65 billion, a PE ratio of 26.46 and a beta of 1.94. Installed Building Products has a 1-year low of $106.01 and a 1-year high of $281.04. The firm has a fifty day moving average price of $224.94 and a 200 day moving average price of $227.25.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings results on Thursday, August 1st. The construction company reported $2.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.13. Installed Building Products had a net margin of 8.89% and a return on equity of 44.93%. The business had revenue of $737.60 million for the quarter, compared to analyst estimates of $743.86 million. As a group, sell-side analysts anticipate that Installed Building Products will post 11.06 EPS for the current year.

Installed Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Sunday, September 15th were paid a $0.35 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.40 annualized dividend and a dividend yield of 0.60%. Installed Building Products’s dividend payout ratio is currently 15.84%.

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.