Installed Building Products (NYSE:IBP) Sets New 1-Year Low – Should You Sell?

Installed Building Products, Inc. (NYSE:IBP)’s stock price reached a new 52-week low during trading on Saturday . The stock traded as low as $157.93 and last traded at $173.19, with a volume of 784236 shares. The stock had previously closed at $163.79.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on IBP shares. StockNews.com lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a report on Friday, February 28th. DA Davidson reduced their price objective on Installed Building Products from $260.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, February 28th. The Goldman Sachs Group dropped their target price on Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Seaport Res Ptn lowered shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Installed Building Products in a report on Tuesday. They issued a “hold” rating and a $183.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $216.09.

Installed Building Products Trading Up 5.7 %

The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The company’s 50-day moving average is $177.57 and its 200 day moving average is $201.31. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 19.24 and a beta of 2.05.

Installed Building Products Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.37 per share. The ex-dividend date was Friday, March 14th. This is a boost from Installed Building Products’s previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.85%. Installed Building Products’s dividend payout ratio (DPR) is 16.26%.

Hedge Funds Weigh In On Installed Building Products

A number of large investors have recently bought and sold shares of IBP. Arizona State Retirement System raised its stake in shares of Installed Building Products by 0.8% during the 4th quarter. Arizona State Retirement System now owns 6,966 shares of the construction company’s stock worth $1,221,000 after buying an additional 56 shares during the period. McIlrath & Eck LLC increased its holdings in Installed Building Products by 32.3% in the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company’s stock worth $44,000 after acquiring an additional 61 shares in the last quarter. Dana Investment Advisors Inc. raised its position in Installed Building Products by 0.9% during the fourth quarter. Dana Investment Advisors Inc. now owns 7,778 shares of the construction company’s stock worth $1,363,000 after acquiring an additional 71 shares during the period. State of Wyoming lifted its holdings in Installed Building Products by 10.1% during the fourth quarter. State of Wyoming now owns 840 shares of the construction company’s stock valued at $147,000 after purchasing an additional 77 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its position in shares of Installed Building Products by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 2,507 shares of the construction company’s stock valued at $439,000 after purchasing an additional 79 shares during the period. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Company Profile

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.