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

Installed Building Products (NYSE:IBP) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group lifted their price target 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. Evercore ISI lifted their price target on shares of Installed Building Products from $271.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Royal Bank of Canada lowered 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. JPMorgan Chase & Co. lifted their price target on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Finally, DA Davidson cut their price target on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Installed Building Products currently has an average rating of “Hold” and a consensus target price of $253.70.

Installed Building Products Stock Performance

NYSE IBP opened at $223.29 on Wednesday. The firm’s fifty day moving average price is $229.07 and its two-hundred day moving average price is $222.90. The stock has a market cap of $6.28 billion, a PE ratio of 24.81 and a beta of 1.93. Installed Building Products has a fifty-two week low of $152.06 and a fifty-two week high of $281.04. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99.

Hedge Funds Weigh In On Installed Building Products

Hedge funds and other institutional investors have recently bought and sold shares of the company. V Square Quantitative Management LLC acquired a new position in shares of Installed Building Products during the third quarter valued at about $29,000. GHP Investment Advisors Inc. raised its holdings 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 valued at $30,000 after purchasing an additional 78 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of Installed Building Products by 152.2% during the third quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock valued at $57,000 after purchasing an additional 140 shares during the period. CWM LLC raised its holdings in shares of Installed Building Products by 32.1% during the second quarter. CWM LLC now owns 255 shares of the construction company’s stock valued at $52,000 after purchasing an additional 62 shares during the period. Finally, Quarry LP raised its holdings in shares of Installed Building Products by 953.3% during the third 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 period. Institutional investors and hedge funds own 99.61% of the company’s stock.

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.