Deutsche Bank lowered shares of Installed Building Products (NYSE:IBP) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. They currently have $38.00 price target on the construction company’s stock, down from their previous price target of $44.00.

A number of other analysts have also recently commented on the stock. Nomura lowered their price objective on shares of Installed Building Products from $58.00 to $41.00 and set a buy rating for the company in a research report on Friday, November 2nd. Credit Suisse Group set a $38.00 price objective on shares of Installed Building Products and gave the company a hold rating in a research report on Friday, November 2nd. 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. Seaport Global Securities cut shares of Installed Building Products from a buy rating to a neutral rating and set a $37.00 price objective for the company. in a research report on Friday, November 2nd. Finally, Stephens cut 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. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $51.36.

Shares of Installed Building Products stock opened at $35.51 on Tuesday. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 29.84, a price-to-earnings-growth ratio of 1.12 and a beta of 1.14. Installed Building Products has a 52 week low of $29.24 and a 52 week high of $78.15. The company has a debt-to-equity ratio of 2.04, a current ratio of 2.59 and a quick ratio of 2.30.

Installed Building Products (NYSE:IBP) last issued its earnings results on Thursday, November 1st. The construction company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.07). Installed Building Products had a net margin of 3.82% and a return on equity of 29.03%. The business had revenue of $349.00 million for the quarter, compared to the consensus estimate of $346.39 million. During the same quarter in the previous year, the firm posted $0.57 EPS. The business’s revenue was up 18.2% on a year-over-year basis. As a group, sell-side analysts forecast that Installed Building Products will post 2.51 EPS for the current year.

In related news, CEO Jeffrey W. Edwards sold 150,000 shares of the company’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $34.11, for a total value of $5,116,500.00. Following the completion of the transaction, the chief executive officer now directly owns 300,159 shares of the company’s stock, valued at approximately $10,238,423.49. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 31.10% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in IBP. FMR LLC boosted its stake in Installed Building Products by 150.4% in the 2nd quarter. FMR LLC now owns 426,005 shares of the construction company’s stock worth $24,090,000 after purchasing an additional 255,900 shares during the period. Pembroke Management LTD boosted its stake in Installed Building Products by 51.8% in the 3rd quarter. Pembroke Management LTD now owns 536,546 shares of the construction company’s stock worth $20,925,000 after purchasing an additional 183,083 shares during the period. BlackRock Inc. boosted its stake in Installed Building Products by 5.7% in the 3rd quarter. BlackRock Inc. now owns 3,350,626 shares of the construction company’s stock worth $130,675,000 after purchasing an additional 179,725 shares during the period. Vanguard Group Inc. boosted its stake in Installed Building Products by 7.1% in the 3rd quarter. Vanguard Group Inc. now owns 2,168,058 shares of the construction company’s stock worth $84,553,000 after purchasing an additional 142,853 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Installed Building Products by 36.9% during the 3rd quarter. Morgan Stanley now owns 414,961 shares of the construction company’s stock worth $16,183,000 after buying an additional 111,792 shares during the last quarter. 71.15% of the stock is owned by hedge funds and other institutional investors.

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, 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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