Installed Building Products, Inc. (NYSE:IBP) Given Average Recommendation of “Hold” by Brokerages

Shares of Installed Building Products, Inc. (NYSE:IBP) have earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $247.10.

A number of equities analysts recently commented on IBP shares. DA Davidson reduced their price objective on Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Evercore ISI cut shares of Installed Building Products from an “outperform” rating to an “underperform” rating and lowered their price target for the company from $238.00 to $206.00 in a research report on Monday, December 16th. StockNews.com upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. boosted their target price 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. Finally, Royal Bank of Canada downgraded shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and cut their price target for the stock from $203.00 to $197.00 in a report on Friday, November 8th.

Installed Building Products Stock Performance

Shares of NYSE:IBP opened at $177.24 on Wednesday. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. Installed Building Products has a 1 year low of $168.08 and a 1 year high of $281.04. The firm has a market capitalization of $4.99 billion, a PE ratio of 19.69 and a beta of 1.93. The business’s 50 day moving average price is $217.07 and its 200-day moving average price is $221.75.

Installed Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Sunday, December 15th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Friday, December 13th. Installed Building Products’s dividend payout ratio (DPR) is 15.56%.

Institutional Investors Weigh In On Installed Building Products

Hedge funds and other institutional investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new position in Installed Building Products during the third quarter worth approximately $29,000. GHP Investment Advisors Inc. grew its position in shares of Installed Building Products by 185.7% during the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after acquiring an additional 78 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in shares of Installed Building Products by 152.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock valued at $57,000 after acquiring an additional 140 shares during the period. Quarry LP raised its position in Installed Building Products by 953.3% in the 3rd quarter. Quarry LP now owns 316 shares of the construction company’s stock valued at $78,000 after purchasing an additional 286 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new stake in Installed Building Products during the 3rd quarter worth $111,000. 99.61% of the stock is currently owned by institutional investors and hedge funds.

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.