JPMorgan Chase & Co. Issues Pessimistic Forecast for Installed Building Products (NYSE:IBP) Stock Price

Installed Building Products (NYSE:IBP) had its price target dropped by JPMorgan Chase & Co. from $284.00 to $195.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an “underweight” rating on the construction company’s stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 2.70% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the stock. Evercore set a $226.00 target price on shares of Installed Building Products in a research note on Friday. 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. The Goldman Sachs Group reduced their price target on shares of Installed Building Products from $331.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, May 8th. Vertical Research upgraded shares of Installed Building Products from a “sell” rating to a “hold” rating and set a $326.00 price target on the stock in a research report on Friday, February 27th. Finally, Wells Fargo & Company reduced their price target on shares of Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating on the stock in a research report on Friday, May 8th. One research analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $247.67.

Installed Building Products Price Performance

IBP traded down $2.24 on Wednesday, reaching $200.42. The company had a trading volume of 178,142 shares, compared to its average volume of 370,813. The business has a 50 day simple moving average of $280.73 and a 200 day simple moving average of $282.05. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 21.34, a P/E/G ratio of 2.85 and a beta of 1.84. 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.

Installed Building Products (NYSE:IBP) last announced its earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.17). The company had revenue of $660.50 million during the quarter, compared to analysts’ expectations of $668.92 million. Installed Building Products had a net margin of 8.65% and a return on equity of 42.28%. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the business earned $2.08 earnings per share. As a group, sell-side analysts anticipate that Installed Building Products will post 10.81 EPS for the current year.

Insider Buying and Selling

In other news, CFO Michael Thomas Miller bought 2,400 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average cost of $207.82 per share, with a total value of $498,768.00. Following the completion of the purchase, the chief financial officer directly owned 33,219 shares in the company, valued at $6,903,572.58. This represents a 7.79% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, COO Brad A. Wheeler bought 716 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of $209.13 per share, for a total transaction of $149,737.08. Following the completion of the purchase, the chief operating officer owned 14,988 shares of the company’s stock, valued at $3,134,440.44. This trade represents a 5.02% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought 4,046 shares of company stock valued at $844,194 over the last quarter. Company insiders own 13.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Danske Bank A S bought a new stake in Installed Building Products in the third quarter valued at $25,000. NewEdge Advisors LLC boosted its holdings in Installed Building Products by 5,000.0% in the third quarter. NewEdge Advisors LLC now owns 102 shares of the construction company’s stock valued at $25,000 after acquiring an additional 100 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in Installed Building Products in the first quarter valued at $30,000. Aster Capital Management DIFC Ltd bought a new stake in Installed Building Products in the third quarter valued at $33,000. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Installed Building Products by 700.0% in the third 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 in the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Installed Building Products

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

• Positive Sentiment: Multiple insiders bought IBP shares on May 11, including CFO Michael Thomas Miller, COO Brad A. Wheeler, insider Jason R. Niswonger, and Director Lawrence A. Hilsheimer. Heavy insider buying can suggest management believes the stock is undervalued. SEC filing
• Positive Sentiment: DA Davidson set a new $242 price target for Installed Building Products, which still implies upside from recent trading levels even after a more cautious outlook. Article
• Neutral Sentiment: The company also declared a quarterly dividend of $0.39 per share, reinforcing its shareholder-return profile, though the yield is modest at about 0.8%. Article
• Neutral Sentiment: Recent commentary describes IBP as a stable but challenged housing/construction name, with mixed signals around demand and cost trends. Article
• Negative Sentiment: IBP’s latest earnings report missed expectations on both EPS and revenue, and analysts have responded with target cuts and more neutral ratings, which is likely weighing on the stock. 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.