DA Davidson Cuts Installed Building Products (NYSE:IBP) Price Target to $242.00

Installed Building Products (NYSE:IBP) had its target price trimmed by DA Davidson from $270.00 to $242.00 in a report issued on Monday morning,Benzinga reports. The firm currently has a neutral rating on the construction company’s stock.

Several other equities research analysts have also recently weighed in on IBP. Benchmark cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Wednesday, February 11th. Truist Financial decreased their price objective on shares of Installed Building Products from $250.00 to $200.00 and set a “hold” rating for the company in a research report on Friday, May 8th. Weiss Ratings cut shares of Installed Building Products from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Stephens decreased their price objective on shares of Installed Building Products from $300.00 to $240.00 and set an “equal weight” rating for the company in a research report on Friday, May 8th. 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 research analyst has rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $247.67.

Installed Building Products Trading Up 1.6%

Shares of NYSE IBP opened at $205.90 on Monday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 2.76 and a current ratio of 3.35. Installed Building Products has a 52-week low of $150.83 and a 52-week high of $349.00. The firm has a 50 day moving average price of $278.32 and a two-hundred day moving average price of $281.62. The stock has a market cap of $5.55 billion, a P/E ratio of 21.95, a price-to-earnings-growth ratio of 2.89 and a beta of 1.84.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.96 by ($0.17). Installed Building Products had a net margin of 8.65% and a return on equity of 42.28%. The business had revenue of $660.50 million during the quarter, compared to analyst estimates of $668.92 million. During the same quarter last year, the company posted $2.08 earnings per share. The company’s revenue was down 3.5% compared to the same quarter last year. As a group, equities analysts forecast that Installed Building Products will post 10.51 EPS for the current year.

Installed Building Products Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.56 annualized dividend and a yield of 0.8%. Installed Building Products’s dividend payout ratio is currently 16.63%.

Insider Buying and Selling at Installed Building Products

In related news, Director Janet E. Jackson sold 1,410 shares of the stock in a transaction on Monday, March 9th. The shares were sold at an average price of $293.31, for a total transaction of $413,567.10. Following the transaction, the director directly owned 5,373 shares of the company’s stock, valued at $1,575,954.63. This represents a 20.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeffrey W. Edwards sold 400,000 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $314.06, for a total transaction of $125,624,000.00. Following the transaction, the chief executive officer directly owned 1,727,819 shares in the company, valued at approximately $542,638,835.14. This represents a 18.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders purchased 4,046 shares of company stock valued at $844,194 over the last 90 days. Insiders own 13.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. MGO One Seven LLC lifted its stake in shares of Installed Building Products by 3.1% in the fourth quarter. MGO One Seven LLC now owns 1,133 shares of the construction company’s stock valued at $294,000 after buying an additional 34 shares in the last quarter. Legacy Wealth Asset Management LLC lifted its stake in shares of Installed Building Products by 2.6% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 1,396 shares of the construction company’s stock valued at $362,000 after buying an additional 35 shares in the last quarter. Abel Hall LLC lifted its stake in shares of Installed Building Products by 2.8% in the first quarter. Abel Hall LLC now owns 1,289 shares of the construction company’s stock valued at $342,000 after buying an additional 35 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Installed Building Products by 2.0% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 1,819 shares of the construction company’s stock valued at $472,000 after buying an additional 35 shares in the last quarter. Finally, Maryland State Retirement & Pension System lifted its stake in shares of Installed Building Products by 1.1% in the fourth quarter. Maryland State Retirement & Pension System now owns 3,315 shares of the construction company’s stock valued at $860,000 after buying an additional 35 shares in the last quarter. 99.61% of the stock is owned by institutional investors.

Trending Headlines about Installed Building Products

Here are the key news stories impacting Installed Building Products this week:

• Positive Sentiment: Several IBP executives and directors bought shares this week, including the CFO, COO, and other insiders, signaling confidence that the stock may be undervalued.
• Positive Sentiment: DA Davidson’s new $242 price target still implies upside from recent levels, suggesting some analysts expect a rebound. Article
• Neutral Sentiment: Recent commentary on IBP points to mixed housing-market signals, with volume weakness and cost headwinds balancing the company’s otherwise stable market position. Article
• Negative Sentiment: JPMorgan’s price target cut to $195 and underweight rating are the clearest bearish catalysts, reinforcing concern about near-term earnings pressure and limited upside. Article

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.