Installed Building Products, Inc. (NYSE:IBP – Get Free Report)’s stock price hit a new 52-week low during trading on Monday after Loop Capital lowered their price target on the stock from $230.00 to $215.00. Loop Capital currently has a buy rating on the stock. Installed Building Products traded as low as $161.64 and last traded at $162.51, with a volume of 303375 shares trading hands. The stock had previously closed at $171.40.
Several other analysts have also recently commented on IBP. JPMorgan Chase & Co. raised their target price on Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Royal Bank of Canada lowered Installed Building Products from a “sector perform” rating to an “underperform” rating and lowered their price target for the company from $203.00 to $197.00 in a report on Friday, November 8th. The Goldman Sachs Group cut their price objective on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. StockNews.com lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Benchmark dropped their price target on shares of Installed Building Products from $250.00 to $210.00 and set a “buy” rating on the stock in a research report on Monday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Installed Building Products has a consensus rating of “Hold” and an average price target of $219.40.
Check Out Our Latest Stock Analysis on IBP
Institutional Trading of Installed Building Products
Installed Building Products Price Performance
The stock has a 50 day moving average of $182.67 and a two-hundred day moving average of $207.99. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The stock has a market cap of $4.68 billion, a PE ratio of 18.46 and a beta of 1.99.
Installed Building Products Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.37 dividend. This is an increase from Installed Building Products’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Friday, March 14th. Installed Building Products’s dividend payout ratio (DPR) is 16.26%.
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.
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