Installed Building Products (NYSE:IBP) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Installed Building Products (NYSE:IBP) from a buy rating to a hold rating in a report published on Tuesday morning.

A number of other research firms have also issued reports on IBP. Wells Fargo & Company boosted their target price on Installed Building Products from $275.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 14th. Vertical Research started coverage on Installed Building Products in a report on Monday, October 20th. They issued a “sell” rating for the company. Jefferies Financial Group lifted their price target on Installed Building Products from $230.00 to $259.00 and gave the stock a “hold” rating in a report on Monday, December 15th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $245.00 price objective on shares of Installed Building Products in a report on Tuesday, January 13th. Finally, Zacks Research cut shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $235.36.

Installed Building Products Trading Up 5.7%

Installed Building Products stock opened at $303.33 on Tuesday. Installed Building Products has a 52 week low of $150.83 and a 52 week high of $317.86. The company has a quick ratio of 2.28, a current ratio of 2.78 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $8.23 billion, a price-to-earnings ratio of 32.65, a price-to-earnings-growth ratio of 5.30 and a beta of 1.92. The stock has a 50-day moving average price of $279.74 and a 200 day moving average price of $260.82.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings data on Wednesday, November 5th. The construction company reported $3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.69 by $0.49. The business had revenue of $778.20 million during the quarter, compared to analysts’ expectations of $751.98 million. Installed Building Products had a return on equity of 62.74% and a net margin of 8.60%.The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.85 EPS. Sell-side analysts anticipate that Installed Building Products will post 10.66 EPS for the current year.

Insiders Place Their Bets

In related news, Director Michael H. Thomas sold 2,001 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The stock was sold at an average price of $268.28, for a total value of $536,828.28. Following the completion of the transaction, the director directly owned 8,373 shares of the company’s stock, valued at $2,246,308.44. This represents a 19.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William Jeffrey Hire sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $251.63, for a total transaction of $1,258,150.00. Following the sale, the insider owned 32,999 shares of the company’s stock, valued at $8,303,538.37. This represents a 13.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 16.20% of the stock is currently owned by company insiders.

Institutional Trading of Installed Building Products

Large investors have recently made changes to their positions in the company. Danske Bank A S acquired a new stake in Installed Building Products during the 3rd quarter worth $25,000. NewEdge Advisors LLC boosted its stake in shares of Installed Building Products by 5,000.0% during the third quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock worth $25,000 after buying an additional 100 shares during the period. Curio Wealth LLC grew its holdings in shares of Installed Building Products by 16,800.0% during the second quarter. Curio Wealth LLC now owns 169 shares of the construction company’s stock worth $30,000 after buying an additional 168 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in Installed Building Products in the 3rd quarter valued at about $33,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in 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 acquiring an additional 133 shares during the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

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.