Installed Building Products, Inc. (NYSE:IBP) Receives $253.70 Consensus Price Target from Brokerages

Shares of Installed Building Products, Inc. (NYSE:IBP) have been assigned an average rating of “Hold” from the ten analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $253.70.

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. lifted their price target on Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research note on Friday, November 22nd. Stephens reissued an “equal weight” rating and issued a $240.00 price objective on shares of Installed Building Products in a research note on Monday, August 5th. StockNews.com lowered Installed Building Products from a “buy” rating to a “hold” rating in a report on Tuesday, November 26th. Finally, Evercore ISI upped their price target on Installed Building Products from $271.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th.

Installed Building Products Stock Down 2.1 %

Shares of NYSE IBP opened at $223.99 on Friday. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The firm has a market cap of $6.30 billion, a PE ratio of 24.89 and a beta of 1.95. The company’s fifty day simple moving average is $229.43 and its 200 day simple moving average is $222.82. Installed Building Products has a 12-month low of $152.06 and a 12-month high of $281.04.

Installed Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Sunday, December 15th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 0.63%. The ex-dividend date is Friday, December 13th. Installed Building Products’s dividend payout ratio (DPR) is presently 15.56%.

Institutional Trading of Installed Building Products

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new stake in Installed Building Products in the 3rd quarter worth approximately $29,000. GHP Investment Advisors Inc. increased its holdings in shares of Installed Building Products by 185.7% in the third 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 period. Advisors Asset Management Inc. raised its position in shares of Installed Building Products by 152.2% in the third quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock worth $57,000 after buying an additional 140 shares in the last quarter. CWM LLC boosted its stake 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 buying an additional 62 shares during the period. Finally, Quarry LP grew its position in Installed Building Products by 953.3% during the third quarter. Quarry LP now owns 316 shares of the construction company’s stock worth $78,000 after buying an additional 286 shares in the last quarter. 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.