Installed Building Products, Inc. (NYSE:IBP) Receives Average Recommendation of “Hold” from Analysts

Shares of Installed Building Products, Inc. (NYSE:IBP) have earned an average rating of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $219.40.

Several research firms have issued reports on IBP. Loop Capital decreased their price target on shares of Installed Building Products from $230.00 to $215.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. DA Davidson decreased their price target on shares of Installed Building Products from $260.00 to $225.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. The Goldman Sachs Group decreased their price target on shares of 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, Truist Financial decreased their price objective on shares of Installed Building Products from $240.00 to $180.00 and set a “hold” rating for the company in a research note on Monday, March 3rd.

Institutional Investors Weigh In On Installed Building Products

A number of institutional investors have recently modified their holdings of IBP. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Installed Building Products during the 3rd quarter valued at $414,000. US Bancorp DE boosted its stake in shares of Installed Building Products by 148.4% during the 3rd quarter. US Bancorp DE now owns 2,809 shares of the construction company’s stock valued at $692,000 after buying an additional 1,678 shares during the period. Verdence Capital Advisors LLC acquired a new stake in shares of Installed Building Products during the 3rd quarter valued at $203,000. Atria Investments Inc boosted its stake in shares of Installed Building Products by 6.5% during the 3rd quarter. Atria Investments Inc now owns 2,540 shares of the construction company’s stock valued at $625,000 after buying an additional 156 shares during the period. Finally, Lisanti Capital Growth LLC acquired a new stake in shares of Installed Building Products in the 3rd quarter valued at $5,093,000. Institutional investors and hedge funds own 99.61% of the company’s stock.

Installed Building Products Trading Up 1.8 %

Installed Building Products stock opened at $171.64 on Monday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of 19.07 and a beta of 2.05. Installed Building Products has a 1 year low of $159.77 and a 1 year high of $281.04. The firm’s 50 day moving average price is $182.38 and its two-hundred day moving average price is $205.35.

Installed Building Products Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.86%. This is a positive change from Installed Building Products’s previous quarterly dividend of $0.35. Installed Building Products’s dividend payout ratio (DPR) is 16.26%.

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.