Installed Building Products (NYSE:IBP) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Installed Building Products (NYSE:IBP) from a hold rating to a buy rating in a report released on Monday.

Several other research firms have also issued reports on IBP. Zacks Research cut shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Wells Fargo & Company raised their target price on Installed Building Products from $275.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 14th. Vertical Research assumed coverage on Installed Building Products in a research note on Monday, October 20th. They issued a “sell” rating on the stock. Jefferies Financial Group increased their price objective on Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a research note on Monday, December 15th. Finally, Royal Bank Of Canada lifted their price objective on Installed Building Products from $184.00 to $203.00 and gave the company an “underperform” rating in a report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Installed Building Products presently has a consensus rating of “Reduce” and a consensus price target of $235.36.

Installed Building Products Stock Performance

Shares of NYSE IBP opened at $294.63 on Monday. The firm has a market capitalization of $7.99 billion, a price-to-earnings ratio of 31.71, a PEG ratio of 5.40 and a beta of 1.91. Installed Building Products has a one year low of $150.83 and a one year high of $317.86. The business has a fifty day simple moving average of $276.96 and a 200 day simple moving average of $257.49. The company has a current ratio of 2.78, a quick ratio of 2.28 and a debt-to-equity ratio of 1.25.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings results on Wednesday, November 5th. The construction company reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.49. The firm had revenue of $778.20 million for the quarter, compared to analyst estimates of $751.98 million. Installed Building Products had a net margin of 8.60% and a return on equity of 62.74%. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.85 EPS. Sell-side analysts expect that Installed Building Products will post 10.66 EPS for the current year.

Insiders Place Their Bets

In other Installed Building Products news, insider William Jeffrey Hire sold 5,000 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $251.63, for a total transaction of $1,258,150.00. Following the sale, the insider owned 32,999 shares of the company’s stock, valued at $8,303,538.37. This represents a 13.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael H. Thomas sold 2,001 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total transaction of $536,828.28. Following the completion of the transaction, the director directly owned 8,373 shares of the company’s stock, valued at approximately $2,246,308.44. This represents a 19.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 16.20% of the company’s stock.

Institutional Trading of Installed Building Products

A number of hedge funds and other institutional investors have recently modified their holdings of IBP. Apollon Wealth Management LLC bought a new stake in Installed Building Products in the 3rd quarter valued at approximately $481,000. Bayforest Capital Ltd grew its stake in shares of Installed Building Products by 180.0% during the 3rd quarter. Bayforest Capital Ltd now owns 2,853 shares of the construction company’s stock worth $704,000 after acquiring an additional 1,834 shares in the last quarter. Blalock Williams LLC acquired a new stake in shares of Installed Building Products in the third quarter valued at approximately $792,000. Timucuan Asset Management Inc. FL lifted its position in shares of Installed Building Products by 73.2% in the second quarter. Timucuan Asset Management Inc. FL now owns 866,577 shares of the construction company’s stock worth $156,261,000 after purchasing an additional 366,250 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Installed Building Products by 19.3% in the second quarter. Franklin Resources Inc. now owns 238,077 shares of the construction company’s stock worth $42,930,000 after purchasing an additional 38,585 shares in the last quarter. Institutional investors and hedge funds 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.