Installed Building Products, Inc. (NYSE:IBP) Given Average Rating of “Hold” by Analysts

Shares of Installed Building Products, Inc. (NYSE:IBP) have earned a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $216.09.

Several brokerages recently commented on IBP. Evercore ISI downgraded shares of Installed Building Products from an “outperform” rating to an “underperform” rating and decreased their target price for the stock from $238.00 to $206.00 in a research note on Monday, December 16th. Deutsche Bank Aktiengesellschaft started coverage on shares of Installed Building Products in a research report on Tuesday, April 1st. They issued a “hold” rating and a $183.00 price objective on the stock. The Goldman Sachs Group dropped their target price on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Seaport Res Ptn downgraded Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Finally, DA Davidson dropped their price objective on Installed Building Products from $260.00 to $225.00 and set a “buy” rating for the company in a report on Friday, February 28th.

Installed Building Products Price Performance

IBP opened at $157.78 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. Installed Building Products has a 1 year low of $154.01 and a 1 year high of $281.04. The stock’s 50 day simple moving average is $175.17 and its 200 day simple moving average is $199.36. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 17.53 and a beta of 1.84.

Installed Building Products Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 0.94%. This is a boost from Installed Building Products’s previous quarterly dividend of $0.35. The ex-dividend date was Friday, March 14th. Installed Building Products’s dividend payout ratio is presently 16.26%.

Hedge Funds Weigh In On Installed Building Products

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Curio Wealth LLC bought a new position in shares of Installed Building Products in the 4th quarter worth about $30,000. McIlrath & Eck LLC grew its holdings in Installed Building Products by 32.3% in the fourth quarter. McIlrath & Eck LLC now owns 250 shares of the construction company’s stock worth $44,000 after purchasing an additional 61 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Installed Building Products by 295.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company’s stock valued at $64,000 after purchasing an additional 272 shares in the last quarter. Quarry LP lifted its holdings in shares of Installed Building Products by 953.3% during the third quarter. Quarry LP now owns 316 shares of the construction company’s stock valued at $78,000 after purchasing an additional 286 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Installed Building Products in the 4th quarter worth approximately $90,000. Hedge funds and other institutional investors own 99.61% 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, window blinds, shower doors, closet shelving and mirrors, and other products in the United States. It operates through Installation, Distribution, and Manufacturing operation segments.