Installed Building Products, Inc. (NYSE:IBP) Receives Consensus Rating of “Hold” from Analysts

Installed Building Products, Inc. (NYSE:IBP) has earned an average rating of “Hold” from the eleven brokerages that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $219.40.

IBP has been the topic of several research reports. The Goldman Sachs Group cut their target price on Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Seaport Res Ptn lowered shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. JPMorgan Chase & Co. upped their price target 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. DA Davidson lowered their price target on shares of Installed Building Products from $260.00 to $225.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Finally, Truist Financial lowered their price target on shares of Installed Building Products from $240.00 to $180.00 and set a “hold” rating on the stock in a report on Monday, March 3rd.

Installed Building Products Price Performance

NYSE IBP opened at $177.19 on Monday. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. The stock’s fifty day moving average price is $182.58 and its 200 day moving average price is $207.18. Installed Building Products has a 1 year low of $159.76 and a 1 year high of $281.04. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 19.69 and a beta of 2.05.

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 paid a dividend of $0.37 per share. This is a positive change from Installed Building Products’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Friday, March 14th. Installed Building Products’s dividend payout ratio is presently 16.26%.

Institutional Investors Weigh In On Installed Building Products

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Installed Building Products by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 2,636,803 shares of the construction company’s stock worth $462,100,000 after acquiring an additional 16,597 shares in the last quarter. State Street Corp boosted its stake in shares of Installed Building Products by 8.4% during the 3rd quarter. State Street Corp now owns 1,248,515 shares of the construction company’s stock worth $307,472,000 after acquiring an additional 96,780 shares in the last quarter. FIL Ltd boosted its stake in shares of Installed Building Products by 14.0% during the 4th quarter. FIL Ltd now owns 1,039,038 shares of the construction company’s stock worth $182,091,000 after acquiring an additional 127,215 shares in the last quarter. FMR LLC lifted its stake in Installed Building Products by 61.5% in the 3rd quarter. FMR LLC now owns 965,551 shares of the construction company’s stock valued at $237,786,000 after buying an additional 367,628 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Installed Building Products by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 633,556 shares of the construction company’s stock valued at $111,053,000 after buying an additional 10,553 shares in the last quarter. 99.61% of the stock is owned by hedge funds and other 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.