KeyCorp reissued their hold rating on shares of Installed Building Products, Inc. (NYSE:IBP) in a report issued on Wednesday morning.

IBP has been the topic of several other research reports. Royal Bank Of Canada reaffirmed a buy rating and issued a $69.00 price target on shares of Installed Building Products in a report on Monday, October 16th. Zacks Investment Research raised shares of Installed Building Products from a hold rating to a buy rating and set a $73.00 price objective on the stock in a research note on Friday, October 6th. BidaskClub raised shares of Installed Building Products from a hold rating to a buy rating in a research note on Saturday, August 12th. Credit Suisse Group set a $73.00 price objective on shares of Installed Building Products and gave the company an outperform rating in a research note on Tuesday, October 17th. Finally, Deutsche Bank AG upped their price objective on shares of Installed Building Products from $58.00 to $62.00 and gave the company a buy rating in a research note on Monday, August 21st. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of Buy and an average target price of $67.17.

Shares of Installed Building Products (NYSE:IBP) traded down $2.30 during midday trading on Wednesday, hitting $64.85. 320,379 shares of the company’s stock traded hands, compared to its average volume of 118,900. Installed Building Products has a 12 month low of $33.20 and a 12 month high of $70.25. The stock has a market capitalization of $2,066.32, a P/E ratio of 49.50 and a beta of 0.84. The company has a quick ratio of 1.98, a current ratio of 2.28 and a debt-to-equity ratio of 1.81.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings results on Friday, November 3rd. The construction company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.07). Installed Building Products had a net margin of 4.11% and a return on equity of 25.27%. The business had revenue of $295.20 million during the quarter, compared to analysts’ expectations of $292.51 million. During the same period last year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 31.0% on a year-over-year basis. equities research analysts expect that Installed Building Products will post 1.48 earnings per share for the current fiscal year.

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In other news, insider Todd R. Fry sold 1,000 shares of the stock in a transaction on Friday, August 11th. The shares were sold at an average price of $58.00, for a total value of $58,000.00. Following the completion of the sale, the insider now owns 4,091 shares of the company’s stock, valued at $237,278. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Margot Lebenberg Carter sold 1,717 shares of the stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $59.50, for a total transaction of $102,161.50. Following the completion of the sale, the director now directly owns 4,654 shares of the company’s stock, valued at approximately $276,913. The disclosure for this sale can be found here. Insiders have sold 168,459 shares of company stock valued at $10,366,576 in the last ninety days. 32.90% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. increased its position in shares of Installed Building Products by 0.3% in the second quarter. Alps Advisors Inc. now owns 9,664 shares of the construction company’s stock worth $512,000 after acquiring an additional 25 shares in the last quarter. Pinebridge Investments L.P. increased its position in shares of Installed Building Products by 1.3% in the second quarter. Pinebridge Investments L.P. now owns 2,644 shares of the construction company’s stock worth $140,000 after acquiring an additional 34 shares in the last quarter. Arizona State Retirement System increased its position in shares of Installed Building Products by 1.0% in the second quarter. Arizona State Retirement System now owns 10,500 shares of the construction company’s stock worth $556,000 after acquiring an additional 100 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Installed Building Products by 6.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,421 shares of the construction company’s stock worth $128,000 after acquiring an additional 155 shares in the last quarter. Finally, Texas Permanent School Fund boosted its stake in shares of Installed Building Products by 1.1% in the second quarter. Texas Permanent School Fund now owns 14,653 shares of the construction company’s stock valued at $776,000 after purchasing an additional 164 shares during the period. 65.52% of the stock is owned by institutional investors.

About Installed Building Products

Installed Building Products, Inc is a holding company. The Company is a residential insulation installer in the United States. As of December 31, 2016, the Company’s national platform included over 100 locations accessing customers in 48 continental states and the District of Columbia. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors, which provides cross-selling opportunities to supplement the insulation installation business.

Analyst Recommendations for Installed Building Products (NYSE:IBP)

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