Installed Building Products (NYSE:IBP) Cut to Hold at StockNews.com

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

A number of other analysts have also weighed in on IBP. Evercore ISI increased their target price on Installed Building Products from $271.00 to $272.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. DA Davidson reduced their target price on Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. The Goldman Sachs Group increased their target price on Installed Building Products from $260.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, August 2nd. Stephens reiterated an “equal weight” rating and issued a $240.00 target price on shares of Installed Building Products in a research note on Monday, August 5th. Finally, Royal Bank of Canada lowered Installed Building Products from a “sector perform” rating to an “underperform” rating and reduced their target price for the stock from $203.00 to $197.00 in a research note on Friday, November 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $253.70.

Installed Building Products Stock Performance

NYSE:IBP opened at $225.88 on Tuesday. The stock’s fifty day moving average is $230.65 and its 200 day moving average is $222.86. Installed Building Products has a fifty-two week low of $145.75 and a fifty-two week high of $281.04. The firm has a market capitalization of $6.36 billion, a PE ratio of 25.05 and a beta of 1.95. 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

Several institutional investors have recently made changes to their positions in IBP. Diversified Trust Co boosted its position in Installed Building Products by 2.3% during the second quarter. Diversified Trust Co now owns 2,021 shares of the construction company’s stock valued at $416,000 after purchasing an additional 46 shares in the last quarter. CWM LLC boosted its position in 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 in the last quarter. Arkadios Wealth Advisors boosted its position in Installed Building Products by 2.5% during the second quarter. Arkadios Wealth Advisors now owns 2,545 shares of the construction company’s stock valued at $523,000 after purchasing an additional 63 shares in the last quarter. Xponance Inc. boosted its position in Installed Building Products by 5.3% during the second quarter. Xponance Inc. now owns 1,519 shares of the construction company’s stock valued at $312,000 after purchasing an additional 76 shares in the last quarter. Finally, GHP Investment Advisors Inc. boosted its position in 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 in the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

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.