Installed Building Products (NYSE:IBP) Reaches New 1-Year High – Time to Buy?

Shares of Installed Building Products, Inc. (NYSE:IBP) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $349.00 and last traded at $334.66, with a volume of 5497 shares changing hands. The stock had previously closed at $344.19.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on IBP shares. Vertical Research started coverage on shares of Installed Building Products in a research report on Monday, October 20th. They set a “sell” rating on the stock. Jefferies Financial Group raised their price target on shares of Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a research note on Monday, December 15th. Evercore set a $265.00 price objective on Installed Building Products in a report on Thursday, November 6th. Royal Bank Of Canada increased their target price on Installed Building Products from $184.00 to $203.00 and gave the stock an “underperform” rating in a report on Thursday, November 6th. Finally, Weiss Ratings upgraded Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. One analyst has rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $239.45.

Installed Building Products Stock Down 2.6%

The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 1.25. The company has a market cap of $9.09 billion, a P/E ratio of 36.08, a PEG ratio of 8.04 and a beta of 1.92. The firm has a fifty day moving average price of $291.29 and a 200 day moving average price of $269.07.

Insider Transactions at Installed Building Products

In related news, Director Michael H. Thomas sold 2,001 shares of Installed Building Products stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total value of $536,828.28. Following the completion of the sale, the director directly owned 8,373 shares in the company, valued at $2,246,308.44. This trade represents a 19.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. raised its position in shares of Installed Building Products by 71.9% during the 4th quarter. Russell Investments Group Ltd. now owns 20,767 shares of the construction company’s stock valued at $5,387,000 after acquiring an additional 8,685 shares during the last quarter. Maryland State Retirement & Pension System grew its stake in shares of Installed Building Products by 1.1% during the fourth quarter. Maryland State Retirement & Pension System now owns 3,315 shares of the construction company’s stock worth $860,000 after purchasing an additional 35 shares during the period. State of Wisconsin Investment Board increased its holdings in Installed Building Products by 35.5% in the fourth quarter. State of Wisconsin Investment Board now owns 8,062 shares of the construction company’s stock valued at $2,091,000 after purchasing an additional 2,111 shares during the last quarter. &PARTNERS lifted its stake in Installed Building Products by 16.7% in the fourth quarter. &PARTNERS now owns 11,591 shares of the construction company’s stock valued at $3,009,000 after buying an additional 1,657 shares during the period. Finally, Graham Capital Management L.P. bought a new position in Installed Building Products during the fourth quarter worth about $895,000. Institutional investors own 99.61% of the company’s stock.

Installed Building Products Company Profile

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.