Wells Fargo & Company Cuts Installed Building Products (NYSE:IBP) Price Target to $250.00

Installed Building Products (NYSE:IBP) had its target price decreased by Wells Fargo & Company from $285.00 to $250.00 in a research report sent to investors on Friday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the construction company’s stock.

A number of other equities analysts have also commented on IBP. Stephens decreased their price objective on shares of Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating for the company in a research note on Friday. Zacks Research lowered shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 16th. Weiss Ratings raised shares of Installed Building Products from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 22nd. DA Davidson raised their price objective on shares of Installed Building Products from $252.00 to $270.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 18th. Finally, Benchmark lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Wednesday, February 11th. One analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $253.00.

Installed Building Products Trading Down 0.1%

Shares of NYSE:IBP opened at $219.86 on Friday. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 3.05 and a beta of 1.84. Installed Building Products has a 1-year low of $150.83 and a 1-year high of $349.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.76 and a current ratio of 3.35. The company has a 50 day moving average price of $287.19 and a 200 day moving average price of $283.19.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings data on Thursday, May 7th. The construction company reported $1.79 EPS for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.17). Installed Building Products had a return on equity of 42.28% and a net margin of 8.65%.The firm had revenue of $660.50 million during the quarter, compared to analyst estimates of $668.92 million. During the same period in the prior year, the business posted $2.08 EPS. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, research analysts anticipate that Installed Building Products will post 10.81 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.7%. Installed Building Products’s dividend payout ratio (DPR) is 16.63%.

Insiders Place Their Bets

In other Installed Building Products news, CEO Jeffrey W. Edwards sold 400,000 shares of Installed Building Products stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $314.06, for a total transaction of $125,624,000.00. Following the completion of the sale, the chief executive officer owned 1,727,819 shares of the company’s stock, valued at $542,638,835.14. This trade represents a 18.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Janet E. Jackson sold 1,410 shares of Installed Building Products stock in a transaction on Monday, March 9th. The shares were sold at an average price of $293.31, for a total transaction of $413,567.10. Following the sale, the director directly owned 5,373 shares of the company’s stock, valued at $1,575,954.63. This trade represents a 20.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 13.80% of the company’s stock.

Institutional Investors Weigh In On Installed Building Products

A number of institutional investors have recently modified their holdings of IBP. Danske Bank A S acquired a new stake in shares of Installed Building Products during the 3rd quarter valued at $25,000. NewEdge Advisors LLC boosted its stake in shares of Installed Building Products by 5,000.0% during the 3rd quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock valued at $25,000 after buying an additional 100 shares during the period. Meeder Asset Management Inc. acquired a new stake in shares of Installed Building Products during the 1st quarter valued at $30,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Installed Building Products during the 3rd quarter valued at $33,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Installed Building Products by 700.0% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 152 shares of the construction company’s stock valued at $37,000 after buying an additional 133 shares during the period. Institutional investors and hedge funds own 99.61% of the company’s stock.

Key Installed Building Products News

Here are the key news stories impacting Installed Building Products this week:

• Positive Sentiment: Goldman Sachs lowered its price target to $285 from $331 but kept a buy rating, still implying meaningful upside from current levels. Goldman Sachs lowers Installed Building Products target
• Neutral Sentiment: Wells Fargo cut its target to $250 from $285 and maintained an equal weight rating, signaling a more cautious but not outright bearish view. Wells Fargo lowers Installed Building Products target
• Neutral Sentiment: Stephens reduced its target to $240 from $300 and kept an equal weight rating, reflecting lower expectations after the quarter. Stephens lowers Installed Building Products target
• Negative Sentiment: IBP reported first-quarter adjusted EPS of $1.79, missing consensus, while revenue of $660.5 million also came in below estimates and declined 3.5% year over year. Installed Building Products first-quarter results
• Negative Sentiment: Several headlines highlighted that the earnings and revenue miss contributed to a sharp post-earnings selloff, reinforcing investor concern about near-term demand trends. IBP revenue miss and stock reaction

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.