Installed Building Products Inc (IBP) Receives Consensus Recommendation of “Hold” from Analysts

Installed Building Products Inc (NYSE:IBP) has been given a consensus recommendation of “Hold” by the fifteen analysts that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $46.70.

Several research firms have commented on IBP. SunTrust Banks lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Zacks Investment Research raised shares of Installed Building Products from a “sell” rating to a “hold” rating in a research report on Saturday, January 5th. Stephens lowered shares of Installed Building Products from an “overweight” rating to an “equal weight” rating and set a $37.00 price objective for the company. in a research report on Thursday, October 18th. Royal Bank of Canada set a $46.00 price objective on shares of Installed Building Products and gave the company a “buy” rating in a research report on Friday, November 2nd. Finally, Jefferies Financial Group lowered shares of Installed Building Products from a “buy” rating to a “hold” rating and decreased their price objective for the company from $48.00 to $40.00 in a research report on Wednesday, January 16th.

Several institutional investors have recently made changes to their positions in IBP. Millennium Management LLC acquired a new position in Installed Building Products in the 2nd quarter worth approximately $2,922,000. California Public Employees Retirement System increased its holdings in Installed Building Products by 17.9% in the 2nd quarter. California Public Employees Retirement System now owns 22,055 shares of the construction company’s stock worth $1,247,000 after buying an additional 3,346 shares during the period. Northern Trust Corp increased its holdings in Installed Building Products by 2.7% in the 2nd quarter. Northern Trust Corp now owns 281,299 shares of the construction company’s stock worth $15,908,000 after buying an additional 7,431 shares during the period. Scout Investments Inc. increased its holdings in Installed Building Products by 2.2% in the 3rd quarter. Scout Investments Inc. now owns 82,410 shares of the construction company’s stock worth $3,214,000 after buying an additional 1,761 shares during the period. Finally, First Trust Advisors LP increased its holdings in Installed Building Products by 19.9% in the 3rd quarter. First Trust Advisors LP now owns 34,784 shares of the construction company’s stock worth $1,357,000 after buying an additional 5,781 shares during the period. 71.44% of the stock is owned by hedge funds and other institutional investors.

Shares of IBP stock traded up $2.58 during mid-day trading on Tuesday, hitting $44.82. 148,100 shares of the stock traded hands, compared to its average volume of 172,907. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 37.66, a PEG ratio of 1.46 and a beta of 1.38. Installed Building Products has a 52-week low of $29.24 and a 52-week high of $70.20. The company has a debt-to-equity ratio of 2.04, a quick ratio of 2.30 and a current ratio of 2.59.

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, shower doors, closet shelving and mirrors, and other products in the continental United States. It offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials.

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Analyst Recommendations for Installed Building Products (NYSE:IBP)

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