Installed Building Products, Inc. (NYSE:IBP) Receives Average Recommendation of “Reduce” from Brokerages

Installed Building Products, Inc. (NYSE:IBP) has been assigned a consensus rating of “Reduce” from the twelve research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $259.70.

A number of research analysts recently weighed in on IBP shares. Weiss Ratings cut Installed Building Products from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, March 20th. Vertical Research upgraded Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 target price on the stock in a report on Friday, February 27th. Royal Bank Of Canada lifted their target price on Installed Building Products from $203.00 to $255.00 and gave the company an “underperform” rating in a report on Friday, February 27th. Wall Street Zen cut Installed Building Products from a “buy” rating to a “hold” rating in a report on Sunday, March 29th. Finally, Benchmark cut Installed Building Products from a “buy” rating to a “hold” rating in a report on Wednesday, February 11th.

Insider Transactions at Installed Building Products

In other Installed Building Products news, Director Janet E. Jackson sold 1,410 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $293.31, for a total transaction of $413,567.10. Following the transaction, the director owned 5,373 shares in the company, valued at $1,575,954.63. The trade was a 20.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey W. Edwards sold 400,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $314.06, for a total value of $125,624,000.00. Following the transaction, the chief executive officer owned 1,727,819 shares in the company, valued at approximately $542,638,835.14. This represents a 18.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 16.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IBP. Danske Bank A S acquired a new position in shares of Installed Building Products during the third quarter worth about $25,000. NewEdge Advisors LLC lifted its stake in shares of Installed Building Products by 5,000.0% during the third quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock worth $25,000 after purchasing an additional 100 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Installed Building Products during the third quarter worth about $33,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Installed Building Products by 700.0% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock worth $37,000 after purchasing an additional 133 shares in the last quarter. Finally, Salomon & Ludwin LLC acquired a new position in shares of Installed Building Products during the third quarter worth about $42,000. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Price Performance

Shares of Installed Building Products stock opened at $298.42 on Tuesday. Installed Building Products has a twelve month low of $150.83 and a twelve month high of $349.00. The stock has a market capitalization of $8.04 billion, a P/E ratio of 30.67, a PEG ratio of 3.91 and a beta of 1.97. The company has a current ratio of 3.03, a quick ratio of 2.44 and a debt-to-equity ratio of 1.20. The business’s fifty day moving average price is $296.45 and its 200 day moving average price is $279.01.

Installed Building Products (NYSE:IBP) last issued its earnings results on Thursday, February 26th. The construction company reported $3.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.83 by $0.41. Installed Building Products had a return on equity of 43.71% and a net margin of 8.93%.The firm had revenue of $747.50 million for the quarter, compared to analysts’ expectations of $738.97 million. During the same quarter last year, the firm earned $2.88 earnings per share. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. As a group, research analysts anticipate that Installed Building Products will post 10.66 earnings per share for the current year.

Installed Building Products Announces Dividend

The business also recently disclosed a special dividend, which was paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th were paid a dividend of $1.80 per share. This represents a dividend yield of 63.0%. The ex-dividend date was Friday, March 13th. Installed Building Products’s payout ratio is currently 16.03%.

About Installed Building Products

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.