Installed Building Products (NYSE:IBP) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Installed Building Products (NYSE:IBP) from a hold rating to a buy rating in a research report report published on Monday.

A number of other research firms have also commented on IBP. DA Davidson decreased their price target 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. Seaport Res Ptn lowered Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. JPMorgan Chase & Co. increased their price target on Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Evercore ISI lowered Installed Building Products from an “outperform” rating to an “underperform” rating and decreased their price target for the stock from $238.00 to $206.00 in a research report on Monday, December 16th. Finally, Royal Bank of Canada lowered Installed Building Products from a “sector perform” rating to an “underperform” rating and decreased their price objective for the company from $203.00 to $197.00 in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $240.40.

Installed Building Products Stock Up 1.6 %

NYSE IBP opened at $184.93 on Monday. The firm has a market cap of $5.20 billion, a PE ratio of 20.55 and a beta of 1.99. Installed Building Products has a one year low of $169.02 and a one year high of $281.04. The stock’s 50 day simple moving average is $192.19 and its 200 day simple moving average is $214.88. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System boosted its position in shares of Installed Building Products by 0.8% in the 4th quarter. Arizona State Retirement System now owns 6,966 shares of the construction company’s stock worth $1,221,000 after purchasing an additional 56 shares during the last quarter. Dana Investment Advisors Inc. boosted its position in shares of Installed Building Products by 0.9% in the 4th quarter. Dana Investment Advisors Inc. now owns 7,778 shares of the construction company’s stock worth $1,363,000 after purchasing an additional 71 shares during the last quarter. GHP Investment Advisors Inc. boosted its position in shares of Installed Building Products by 185.7% in the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after purchasing an additional 78 shares during the last quarter. Blue Trust Inc. raised its stake in Installed Building Products by 7.9% during the 4th quarter. Blue Trust Inc. now owns 1,257 shares of the construction company’s stock worth $220,000 after buying an additional 92 shares during the period. Finally, Ashton Thomas Private Wealth LLC raised its stake in Installed Building Products by 2.7% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,518 shares of the construction company’s stock worth $617,000 after buying an additional 93 shares during the period. 99.61% of the stock is currently owned by institutional investors.

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.