Installed Building Products (NYSE:IBP) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Installed Building Products (NYSE:IBP) from a buy rating to a hold rating in a research note released on Tuesday.

A number of other brokerages have also weighed in on IBP. Wells Fargo & Company raised their target price on Installed Building Products from $275.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 14th. Zacks Research cut shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. Vertical Research initiated coverage on shares of Installed Building Products in a research note on Monday, October 20th. They issued a “sell” rating for the company. JPMorgan Chase & Co. reissued an “underweight” rating and set a $245.00 price target on shares of Installed Building Products in a research note on Tuesday, January 13th. Finally, Evercore ISI set a $265.00 price objective on shares of Installed Building Products in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, Installed Building Products has an average rating of “Reduce” and a consensus price target of $235.36.

Installed Building Products Price Performance

Shares of Installed Building Products stock opened at $323.80 on Tuesday. The stock has a market capitalization of $8.78 billion, a price-to-earnings ratio of 34.85, a P/E/G ratio of 7.49 and a beta of 1.92. The firm’s 50-day moving average price is $281.77 and its two-hundred day moving average price is $261.66. The company has a current ratio of 2.78, a quick ratio of 2.28 and a debt-to-equity ratio of 1.25. Installed Building Products has a 1-year low of $150.83 and a 1-year high of $324.90.

Installed Building Products (NYSE:IBP) last announced its earnings results on Wednesday, November 5th. The construction company reported $3.18 EPS for the quarter, topping the consensus estimate of $2.69 by $0.49. Installed Building Products had a return on equity of 62.74% and a net margin of 8.60%.The business had revenue of $778.20 million for the quarter, compared to the consensus estimate of $751.98 million. During the same period in the previous year, the business earned $2.85 EPS. Installed Building Products’s revenue was up 2.3% compared to the same quarter last year. On average, equities analysts predict that Installed Building Products will post 10.66 earnings per share for the current fiscal year.

Insider Transactions at Installed Building Products

In other Installed Building Products news, Director Michael H. Thomas sold 2,001 shares of Installed Building Products stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $268.28, for a total transaction of $536,828.28. Following the completion of the sale, the director owned 8,373 shares of the company’s stock, valued at approximately $2,246,308.44. The trade was a 19.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 16.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of IBP. Danske Bank A S bought a new position in shares of Installed Building Products during the third quarter worth $25,000. NewEdge Advisors LLC raised its stake in Installed Building Products by 5,000.0% during the 3rd quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock worth $25,000 after buying an additional 100 shares during the period. Curio Wealth LLC raised its stake in Installed Building Products by 16,800.0% during the 2nd quarter. Curio Wealth LLC now owns 169 shares of the construction company’s stock worth $30,000 after buying an additional 168 shares during the period. Aster Capital Management DIFC Ltd bought a new position in Installed Building Products during the third quarter worth about $33,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Installed Building Products by 700.0% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock valued at $37,000 after acquiring an additional 133 shares during the period. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Company Profile

Installed Building Products, Inc (NYSE: IBP) is a leading national installer of specialty building products serving the U.S. residential construction market. The company partners with homebuilders and contractors to deliver a comprehensive range of interior and exterior finishing services, including insulation, drywall finishing, protective coatings and basement waterproofing systems. By offering a single-source solution, Installed Building Products helps streamline project coordination and ensures consistent service quality across multiple trades.

Founded in 1977 and headquartered in Columbus, Ohio, Installed Building Products has expanded from a regional insulation installer into a nationwide platform operating in nearly every state.