Installed Building Products (NYSE:IBP) Reaches New 1-Year Low – Time to Sell?

Installed Building Products, Inc. (NYSE:IBP)’s stock price hit a new 52-week low during mid-day trading on Saturday . The company traded as low as $157.93 and last traded at $173.19, with a volume of 784236 shares traded. The stock had previously closed at $163.79.

Analyst Upgrades and Downgrades

IBP has been the subject of several research reports. StockNews.com cut Installed Building Products from a “buy” rating to a “hold” rating in a research report on Friday, February 28th. Seaport Res Ptn cut shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. The Goldman Sachs Group lowered their price target on shares of 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Installed Building Products in a research note on Tuesday. They issued a “hold” rating and a $183.00 target price on the stock. Finally, Benchmark dropped their price target on Installed Building Products from $250.00 to $210.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $216.09.

Installed Building Products Price Performance

The stock has a 50-day simple moving average of $177.57 and a 200 day simple moving average of $201.31. The company has a market cap of $4.81 billion, a PE ratio of 19.24 and a beta of 2.05. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18.

Installed Building Products Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.37 dividend. 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 yield of 0.85%. The ex-dividend date was Friday, March 14th. Installed Building Products’s payout ratio is 16.26%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of IBP. Arizona State Retirement System raised its stake in shares of Installed Building Products by 0.8% in the 4th quarter. Arizona State Retirement System now owns 6,966 shares of the construction company’s stock valued at $1,221,000 after acquiring an additional 56 shares during the period. McIlrath & Eck LLC increased its holdings in Installed Building Products by 32.3% in the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company’s stock valued at $44,000 after purchasing an additional 61 shares during the last quarter. Dana Investment Advisors Inc. raised its position in Installed Building Products by 0.9% in the fourth quarter. Dana Investment Advisors Inc. now owns 7,778 shares of the construction company’s stock valued at $1,363,000 after purchasing an additional 71 shares during the period. State of Wyoming lifted its stake in Installed Building Products by 10.1% during the fourth quarter. State of Wyoming now owns 840 shares of the construction company’s stock worth $147,000 after purchasing an additional 77 shares in the last quarter. Finally, Summit Investment Advisors Inc. boosted its position in shares of Installed Building Products by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 2,507 shares of the construction company’s stock worth $439,000 after buying an additional 79 shares during the period. 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.