Zelman & Associates lowered shares of Installed Building Products (NYSE:IBP) from a buy rating to a hold rating in a research note published on Tuesday, The Fly reports.

Several other equities analysts have also recently weighed in on IBP. Jefferies Financial Group upgraded Installed Building Products from a hold rating to a buy rating and set a $69.00 price objective on the stock in a report on Monday, April 23rd. ValuEngine upgraded Installed Building Products from a sell rating to a hold rating in a report on Wednesday, May 2nd. Zacks Investment Research upgraded Installed Building Products from a sell rating to a buy rating and set a $65.00 target price on the stock in a research note on Tuesday, May 8th. Royal Bank of Canada boosted their target price on Installed Building Products to $71.00 and gave the company an outperform rating in a research note on Wednesday, June 27th. They noted that the move was a valuation call. Finally, Evercore ISI assumed coverage on Installed Building Products in a research note on Thursday, June 28th. They issued an in-line rating and a $65.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $70.67.

NYSE:IBP opened at $47.10 on Tuesday. Installed Building Products has a fifty-two week low of $45.04 and a fifty-two week high of $79.40. The company has a current ratio of 2.80, a quick ratio of 2.50 and a debt-to-equity ratio of 2.04. The stock has a market cap of $1.52 billion, a PE ratio of 39.58, a price-to-earnings-growth ratio of 0.72 and a beta of 0.86.

Installed Building Products (NYSE:IBP) last released its quarterly earnings data on Thursday, August 2nd. The construction company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.03). Installed Building Products had a net margin of 3.70% and a return on equity of 24.57%. The business had revenue of $332.60 million for the quarter, compared to the consensus estimate of $334.24 million. During the same quarter last year, the firm earned $0.59 EPS. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. equities analysts expect that Installed Building Products will post 2.66 EPS for the current fiscal year.

In other Installed Building Products news, CEO Jeffrey W. Edwards sold 92,649 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $48.46, for a total value of $4,489,770.54. Following the sale, the chief executive officer now owns 300,159 shares in the company, valued at approximately $14,545,705.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey W. Edwards sold 107,039 shares of the business’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $52.30, for a total value of $5,598,139.70. Following the completion of the sale, the chief executive officer now owns 351,071 shares in the company, valued at approximately $18,361,013.30. The disclosure for this sale can be found here. Insiders sold a total of 334,688 shares of company stock worth $18,483,803 in the last 90 days. Company insiders own 31.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Installed Building Products by 4.1% during the 2nd quarter. BlackRock Inc. now owns 3,170,901 shares of the construction company’s stock worth $179,315,000 after purchasing an additional 123,489 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Installed Building Products by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 896,713 shares of the construction company’s stock worth $50,711,000 after purchasing an additional 13,470 shares in the last quarter. Bamco Inc. NY raised its stake in shares of Installed Building Products by 166.7% during the 1st quarter. Bamco Inc. NY now owns 800,000 shares of the construction company’s stock worth $48,040,000 after purchasing an additional 500,000 shares in the last quarter. Westwood Holdings Group Inc. bought a new stake in shares of Installed Building Products during the 1st quarter worth approximately $46,340,000. Finally, Neuberger Berman Group LLC raised its stake in shares of Installed Building Products by 27.5% during the 1st quarter. Neuberger Berman Group LLC now owns 707,005 shares of the construction company’s stock worth $42,456,000 after purchasing an additional 152,405 shares in the last quarter. Institutional investors own 67.35% of the company’s stock.

About Installed Building Products

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, shower doors, closet shelving and mirrors, and other products in the continental United States. It offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials.

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Analyst Recommendations for Installed Building Products (NYSE:IBP)

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