Installed Building Products, Inc. (NYSE:IBP) Given Consensus Recommendation of “Hold” by Analysts

Installed Building Products, Inc. (NYSE:IBP) has been assigned an average recommendation of “Hold” from the eleven brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $240.40.

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada lowered Installed Building Products from a “sector perform” rating to an “underperform” rating and dropped their price target for the stock from $203.00 to $197.00 in a research note on Friday, November 8th. Evercore ISI downgraded Installed Building Products from an “outperform” rating to an “underperform” rating and decreased their price target for the company from $238.00 to $206.00 in a report on Monday, December 16th. The Goldman Sachs Group reduced their target price on Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Seaport Res Ptn cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, Jefferies Financial Group boosted their price target on Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th.

Institutional Investors Weigh In On Installed Building Products

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp boosted its position in shares of Installed Building Products by 8.4% in the third quarter. State Street Corp now owns 1,248,515 shares of the construction company’s stock worth $307,472,000 after buying an additional 96,780 shares during the period. FMR LLC grew its holdings in shares of Installed Building Products by 61.5% during the third quarter. FMR LLC now owns 965,551 shares of the construction company’s stock valued at $237,786,000 after purchasing an additional 367,628 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Installed Building Products by 3.9% during the third quarter. Geode Capital Management LLC now owns 623,003 shares of the construction company’s stock valued at $153,452,000 after purchasing an additional 23,179 shares during the last quarter. Swedbank AB increased its holdings in shares of Installed Building Products by 26.4% during the fourth quarter. Swedbank AB now owns 330,000 shares of the construction company’s stock valued at $57,832,000 after purchasing an additional 69,000 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its stake in shares of Installed Building Products by 6.5% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 329,166 shares of the construction company’s stock valued at $81,063,000 after purchasing an additional 20,155 shares in the last quarter. Hedge funds and other institutional investors own 99.61% of the company’s stock.

Installed Building Products Price Performance

IBP opened at $206.20 on Friday. Installed Building Products has a 12-month low of $169.02 and a 12-month high of $281.04. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The business’s fifty day simple moving average is $196.92 and its 200-day simple moving average is $218.04. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 22.91 and a beta of 1.98.

Installed Building Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.68%. Installed Building Products’s dividend payout ratio (DPR) is 15.56%.

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.