Installed Building Products (IBP) – Weekly analyst rating updates


Installed building products (NYSE:IBP) recently received a number of rating updates from brokers and research firms:

  • 04/12/2022 – Installed Building Products price target has been lowered from $114.00 to $95.00 by analysts at Goldman Sachs Group, Inc. You now have a “neutral” rating on the stock.
  • 04/05/2022 – Installed Building Products is now covered by analysts at Credit Suisse Group AG. They put a “neutral” rating and a price target of $95.00 on the stock.
  • 03/31/2022 – Installed construction products are now covered by analysts on StockNews.com. You give the stock a “hold” rating.
  • 03/30/2022 – The price target of Installed Building Products has been lowered from $127.00 to $101.00 by analysts at JPMorgan Chase & Co. You now have a “neutral” rating on the stock.
  • 03/30/2022 – Installed Building Products has been upgraded from a “sell” rating to a “hold” rating by analysts at Zacks Investment Research. According to Zacks, “Installed Building Products, Inc. operates in the United States as an installer of residential insulation. The company also installs complementary building products including garage doors, rain gutters, shower doors, closet shelves and mirrors. It serves home builders, multi-family and commercial builders, individual homeowners, and repair and remodeling companies. Installed Building Products, Inc. is headquartered in Columbus, Ohio. “
  • 03/21/2022 – Installed Building Products has been downgraded from a “buy” rating to a “hold” rating by analysts at Jefferies Financial Group Inc. They now have a price target of $105.00 on the stock, which was previously down from $117.00.
  • 03/18/2022 – Installed Building Products has been upgraded from a “sell” rating to a “hold” rating by analysts at Zacks Investment Research. According to Zacks, “Installed Building Products, Inc. operates in the United States as an installer of residential insulation. The company also installs complementary building products including garage doors, rain gutters, shower doors, closet shelves and mirrors. It serves home builders, multi-family and commercial builders, individual homeowners, and repair and remodeling companies. Installed Building Products, Inc. is headquartered in Columbus, Ohio. “
  • 03/02/2022 – Installed Building Products has been downgraded from a “hold” rating to a “sell” rating by analysts at Zacks Investment Research. According to Zacks, “Installed Building Products, Inc. operates in the United States as an installer of residential insulation. The company also installs complementary building products including garage doors, rain gutters, shower doors, closet shelves and mirrors. It serves home builders, multi-family and commercial builders, individual homeowners, and repair and remodeling companies. Installed Building Products, Inc. is headquartered in Columbus, Ohio. “
  • 02/28/2022 – Installed Building Products price target has been lowered from $150.00 to $135.00 by analysts at Truist Financial Co.

NYSE IBP shares rose $1.66 on Wednesday afternoon to hit $81.04. 4,001 shares of the company were exchanged compared to an average volume of 225,122. The company has a quick ratio of 2.33, a current ratio of 2.79 and a debt to equity ratio of 2.00. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of 20.21 and a beta of 1.87. Installed Building Products, Inc. has a 1 year low of $75.95 and a 1 year high of $141.43. The company has a 50-day moving average of $96.89 and a 200-day moving average of $114.93.

Installed Building Products (NYSE:IBP – Get Rating) last announced its earnings results on Thursday, February 24th. The construction company reported earnings per share (EPS) of $1.42 for the quarter, beating Thomson Reuters consensus estimate of $1.53 ($0.11). Installed Building Products had a net margin of 6.03% and a return on equity of 42.34%. The company had revenue of $533.72 million for the quarter, compared to analyst estimates of $520.69 million. For the same period last year, the company generated earnings per share of $1.23. The company’s quarterly revenue rose 20.9% year over year. On average, equities analysts are forecasting that Installed Building Products, Inc. will post earnings per share of $6.59 for the year to date.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Registered investors received a dividend of $0.315 per share on Tuesday, March 15. This is a positive change from Installed Building Products’ previous quarterly dividend of $0.30. That equates to an annualized dividend of $1.26 and a yield of 1.55%. The ex-dividend date was Monday March 14th. Installed Building Products’ payout ratio is currently 22.44%.

In other news, Director Lawrence A. Hilsheimer acquired 513 shares of the company’s stock in a transaction on Monday, February 28th. The shares were purchased at an average price of $97.30 per share for a total value of $49,914.90. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC’s website. Company insiders own 20.80% of the company’s shares.

Institutional investors and hedge funds recently changed their holdings in the company. Geode Capital Management LLC increased its position in installed construction products by 1.2% in the third quarter. Geode Capital Management LLC now owns 394,917 shares of the construction company’s stock valued at $42,315,000 after purchasing an additional 4,574 shares last quarter. Fisher Asset Management LLC increased its position in installed construction products by 29.3% in the third quarter. Fisher Asset Management LLC now owns 28,346 shares of the construction company’s stock valued at $3,037,000 after purchasing an additional 6,428 shares last quarter. Yousif Capital Management LLC acquired a new position in Installed Building Products stock valued at approximately $3,140,000 during the fourth quarter. Tudor Investment Corp Et Al acquired a new position in Installed Building Products stock valued at approximately $676,000 during the third quarter. Finally, US Bancorp DE increased its position in shares of Installed Building Products by 15.9% in the third quarter. US Bancorp DE now owns 11,752 shares of the $1,259,000 construction company after it bought another 1,616 shares last quarter. Hedge funds and other institutional investors own 79.42% of the company’s shares.

Installed Building Products, Inc is engaged in the installation of insulation for the new residential construction market. Products include garage doors, rain gutters, shower doors, closet shelves and mirrors. The company was founded in 1977 and is headquartered in Columbus, OH.

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