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

Shares of Installed Building Products Inc (NYSE:IBP) have been given an average recommendation of “Hold” by the eleven ratings firms that are currently covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $47.33.

IBP has been the topic of a number of research reports. SunTrust Banks boosted their target price on shares of Installed Building Products from $50.00 to $54.00 and gave the stock a “hold” rating in a report on Friday, August 9th. ValuEngine upgraded shares of Installed Building Products from a “sell” rating to a “hold” rating in a report on Thursday. Nomura boosted their target price on shares of Installed Building Products from $50.00 to $52.00 and gave the stock a “neutral” rating in a report on Friday, August 9th. Finally, Zacks Investment Research downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Thursday, August 15th.

In other news, insider William Jeffrey Hire sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $59.08, for a total transaction of $118,160.00. Following the sale, the insider now owns 34,516 shares in the company, valued at $2,039,205.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Vikas Verma sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $62.00, for a total transaction of $620,000.00. Following the sale, the director now owns 131,935 shares in the company, valued at approximately $8,179,970. The disclosure for this sale can be found here. Insiders have sold 30,000 shares of company stock worth $1,786,160 in the last 90 days. 25.20% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. acquired a new position in Installed Building Products in the first quarter valued at approximately $151,000. First Trust Advisors LP lifted its stake in Installed Building Products by 273.2% during the first quarter. First Trust Advisors LP now owns 57,557 shares of the construction company’s stock worth $2,792,000 after purchasing an additional 42,136 shares in the last quarter. Scout Investments Inc. lifted its stake in Installed Building Products by 65.2% during the second quarter. Scout Investments Inc. now owns 131,298 shares of the construction company’s stock worth $7,775,000 after purchasing an additional 51,813 shares in the last quarter. Toth Financial Advisory Corp acquired a new position in Installed Building Products during the second quarter worth $305,000. Finally, First Quadrant L P CA lifted its stake in Installed Building Products by 249.4% during the second quarter. First Quadrant L P CA now owns 6,781 shares of the construction company’s stock worth $402,000 after purchasing an additional 4,840 shares in the last quarter. Institutional investors and hedge funds own 68.74% of the company’s stock.

Shares of NYSE IBP traded up $0.21 during midday trading on Friday, reaching $65.39. The company’s stock had a trading volume of 149,001 shares, compared to its average volume of 280,995. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 2.27. The company has a 50 day moving average price of $58.23 and a 200 day moving average price of $54.96. Installed Building Products has a one year low of $29.24 and a one year high of $65.83. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 24.49, a price-to-earnings-growth ratio of 1.37 and a beta of 1.15.

Installed Building Products (NYSE:IBP) last released its earnings results on Thursday, August 8th. The construction company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. Installed Building Products had a net margin of 4.22% and a return on equity of 43.03%. The business had revenue of $371.80 million for the quarter, compared to the consensus estimate of $367.03 million. During the same period in the previous year, the firm earned $0.78 EPS. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. Research analysts anticipate that Installed Building Products will post 2.97 earnings per share for the current fiscal year.

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 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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