Installed Building Products (NYSE:IBP) Upgraded at Stonex Financial

Stonex Financial upgraded shares of Installed Building Products (NYSE:IBP) from a hold rating to a strong-buy rating in a research report released on Thursday,Zacks reports.

Several other brokerages have also recently commented on IBP. Royal Bank Of Canada reduced their price objective on shares of Installed Building Products from $208.00 to $194.00 and set a “sector perform” rating for the company in a research note on Friday, November 6th. Stifel Nicolaus downgraded shares of Installed Building Products from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $220.00 to $225.00 in a report on Monday, November 9th. Evercore set a $222.00 target price on shares of Installed Building Products in a research report on Friday, September 25th. Zacks Research cut shares of Installed Building Products from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 10th. Finally, Truist Financial lifted their price target on shares of Installed Building Products from $160.00 to $180.00 and gave the company a “hold” rating in a research report on Friday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $235.21.

Installed Building Products Price Performance

NYSE:IBP traded up $4.26 during trading hours on Thursday, hitting $228.02. The company’s stock had a trading volume of 934,026 shares, compared to its average volume of 431,205. Installed Building Products has a 52-week low of $176.15 and a 52-week high of $349.00. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.54 and a current ratio of 3.12. The business’s 50-day moving average is $202.62 and its two-hundred day moving average is $243.39. The company has a market capitalization of $6.06 billion, a PE ratio of 25.94, a PEG ratio of 11.11 and a beta of 1.65.

Installed Building Products (NYSE:IBP) last issued its earnings results on Thursday, November 5th. The construction company reported $2.76 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.07). Installed Building Products had a return on equity of 39.86% and a net margin of 7.87%. The company had revenue of $808.40 million for the quarter, compared to analysts’ expectations of $787.70 million. During the same quarter in the previous year, the firm posted $3.18 earnings per share. Installed Building Products’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, research analysts anticipate that Installed Building Products will post 9.54 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, December 15th. Installed Building Products’s payout ratio is 17.75%.

Insider Activity

In other news, Director Janet Jackson sold 1,086 shares of Installed Building Products stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $237.06, for a total transaction of $257,447.16. Following the completion of the transaction, the director owned 5,142 shares of the company’s stock, valued at $1,218,962.52. The trade was a 17.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 13.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Installed Building Products

Large investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. acquired a new position in Installed Building Products during the first quarter worth about $30,000. Keating Financial Advisory Services Inc. purchased a new stake in shares of Installed Building Products in the second quarter valued at about $31,000. Parallel Advisors LLC lifted its holdings in shares of Installed Building Products by 446.7% in the first quarter. Parallel Advisors LLC now owns 164 shares of the construction company’s stock valued at $44,000 after purchasing an additional 134 shares in the last quarter. Covestor Ltd grew its position in shares of Installed Building Products by 47.6% in the third quarter. Covestor Ltd now owns 186 shares of the construction company’s stock valued at $36,000 after purchasing an additional 60 shares during the last quarter. Finally, USA Financial Formulas acquired a new stake in shares of Installed Building Products in the third quarter valued at approximately $37,000. 99.61% of the stock is owned by institutional investors and hedge funds.

Recent Installed Building Products Headlines

Investors following IBP have been watching these headlines:

• Positive Sentiment: The Old Dominion acquisition broadens IBP’s commercial and industrial presence, adding a potential growth avenue beyond its existing business. Article: Installed Building Products acquisition expands commercial installation platform
• Positive Sentiment: StoneX raised its rating on IBP from Hold to Buy and set a $275 price target, providing a bullish analyst signal. Article: Installed Building Products rating raised to Buy at StoneX
• Neutral Sentiment: Coverage highlights a debate over whether the $698 million deal creates enough value to warrant its cost. The acquisition may strengthen IBP’s growth profile, but the payoff remains a key question for investors. Article: Does Installed Building Products Have More Value After Its Deal?

Installed Building Products Company Profile

Installed Building Products, Inc. is a U.S. building-products installation company headquartered in Columbus, Ohio. Founded in 1977, the company serves residential builders, commercial contractors, and homeowners through a network of local operating businesses across the United States. The company’s core business is installing insulation in new construction and existing buildings. Its offerings include fiberglass, cellulose, and spray-foam insulation, along with related weatherization services. Installed Building Products also installs complementary products such as garage doors, rain gutters, shower doors, and closet shelving.