Installed Building Products (NYSE:IBP) Stock Rating Upgraded by Stonex Financial

Installed Building Products (NYSE:IBP) was upgraded by equities researchers at Stonex Financial from a “hold” rating to a “strong-buy” rating in a report released on Thursday, Zacks reports.

Other equities analysts also recently issued research reports about the company. Truist Financial increased their price target on Installed Building Products from $160.00 to $180.00 and gave the company a “hold” rating in a report on Friday, November 6th. Wells Fargo & Company dropped their price target on shares of Installed Building Products from $240.00 to $195.00 and set an “equal weight” rating on the stock in a research report on Friday, October 16th. DA Davidson reduced their price objective on shares of Installed Building Products from $250.00 to $244.00 and set a “neutral” rating for the company in a research note on Monday, November 9th. Zacks Research cut shares of Installed Building Products from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 10th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $261.00 price objective on shares of Installed Building Products in a report on Friday, November 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $235.21.

Installed Building Products Stock Up 1.9%

Shares of NYSE IBP traded up $4.26 during mid-day trading on Thursday, reaching $228.02. 934,026 shares of the company traded hands, compared to its average volume of 431,205. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.54 and a current ratio of 3.12. The stock has a market cap of $6.06 billion, a PE ratio of 25.94, a price-to-earnings-growth ratio of 11.11 and a beta of 1.65. The company’s fifty day moving average is $202.62 and its two-hundred day moving average is $243.39. Installed Building Products has a fifty-two week low of $176.15 and a fifty-two week high of $349.00.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings data on Thursday, November 5th. The construction company reported $2.76 earnings per share for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.07). Installed Building Products had a net margin of 7.87% and a return on equity of 39.86%. The company had revenue of $808.40 million during the quarter, compared to the consensus estimate of $787.70 million. During the same period in the previous year, the business posted $3.18 earnings per share. The firm’s revenue was up 3.9% on a year-over-year basis. On average, analysts expect that Installed Building Products will post 9.54 earnings per share for the current year.

Insider Buying and Selling at Installed Building Products

In related news, Director Janet Jackson sold 1,086 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $237.06, for a total transaction of $257,447.16. Following the completion of the sale, the director owned 5,142 shares in the company, valued at $1,218,962.52. This represents a 17.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 13.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Entropy Technologies LP boosted its position in shares of Installed Building Products by 0.7% in the third quarter. Entropy Technologies LP now owns 17,482 shares of the construction company’s stock valued at $3,354,000 after acquiring an additional 127 shares during the period. Pathstone Holdings LLC grew its stake in shares of Installed Building Products by 16.1% in the third quarter. Pathstone Holdings LLC now owns 13,868 shares of the construction company’s stock worth $2,661,000 after acquiring an additional 1,924 shares during the last quarter. Marshall Wace LLP bought a new position in Installed Building Products during the third quarter worth $19,500,000. Empowered Funds LLC increased its position in Installed Building Products by 36.3% during the third quarter. Empowered Funds LLC now owns 3,228 shares of the construction company’s stock worth $619,000 after acquiring an additional 859 shares during the period. Finally, Caxton Associates LLP bought a new position in Installed Building Products during the third quarter worth $2,369,000. 99.61% of the stock is owned by institutional investors.

Key Headlines Impacting Installed Building Products

Here are a few of the latest headlines about IBP:

• Positive Sentiment: The Old Dominion acquisition broadens IBP’s commercial and industrial presence, adding a potential growth avenue beyond its existing business. Article: Installed Building Products acquisition expands commercial installation platform
• Positive Sentiment: StoneX raised its rating on IBP from Hold to Buy and set a $275 price target, providing a bullish analyst signal. Article: Installed Building Products rating raised to Buy at StoneX
• Neutral Sentiment: Coverage highlights a debate over whether the $698 million deal creates enough value to warrant its cost. The acquisition may strengthen IBP’s growth profile, but the payoff remains a key question for investors. Article: Does Installed Building Products Have More Value After Its Deal?

About Installed Building Products

Installed Building Products, Inc. is a U.S. building-products installation company headquartered in Columbus, Ohio. Founded in 1977, the company serves residential builders, commercial contractors, and homeowners through a network of local operating businesses across the United States. The company’s core business is installing insulation in new construction and existing buildings. Its offerings include fiberglass, cellulose, and spray-foam insulation, along with related weatherization services. Installed Building Products also installs complementary products such as garage doors, rain gutters, shower doors, and closet shelving.