Installed Building Products, Inc. (NYSE:IBP) Receives Average Recommendation of “Moderate Buy” from Brokerages

Installed Building Products, Inc. (NYSE:IBP) has received a consensus recommendation of “Moderate Buy” from the ten brokerages that are covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $254.40.

A number of research analysts have commented on the company. Truist Financial upped their price objective on Installed Building Products from $235.00 to $240.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Evercore ISI upped their price target on shares of Installed Building Products from $271.00 to $272.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Stephens reiterated an “equal weight” rating and issued a $240.00 price objective on shares of Installed Building Products in a research note on Monday, August 5th. StockNews.com lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group raised their target price on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IBP. Vanguard Group Inc. increased its position in Installed Building Products by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 2,641,445 shares of the construction company’s stock valued at $683,421,000 after acquiring an additional 18,890 shares during the period. Duality Advisers LP increased its holdings in Installed Building Products by 32.2% in the first quarter. Duality Advisers LP now owns 13,899 shares of the construction company’s stock valued at $3,596,000 after purchasing an additional 3,389 shares during the period. Concurrent Investment Advisors LLC bought a new position in Installed Building Products during the 1st quarter worth $564,000. Swedbank AB lifted its holdings in Installed Building Products by 11.6% during the 2nd quarter. Swedbank AB now owns 415,000 shares of the construction company’s stock worth $85,357,000 after buying an additional 43,000 shares during the period. Finally, Blue Trust Inc. grew its position in shares of Installed Building Products by 456.2% in the 2nd quarter. Blue Trust Inc. now owns 3,810 shares of the construction company’s stock valued at $784,000 after buying an additional 3,125 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Stock Up 1.9 %

Installed Building Products stock opened at $221.07 on Tuesday. The company’s 50-day moving average price is $231.10 and its two-hundred day moving average price is $225.38. The company has a quick ratio of 2.59, a current ratio of 3.08 and a debt-to-equity ratio of 1.24. The stock has a market cap of $6.24 billion, a P/E ratio of 24.67 and a beta of 1.95. Installed Building Products has a twelve month low of $115.25 and a twelve month high of $281.04.

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.