Installed Building Products (IBP) – Research Analysts’ Weekly Ratings Updates

Installed Building Products (NYSE: IBP) recently received a number of ratings updates from brokerages and research firms:

  • 5/16/2019 – Installed Building Products had its “neutral” rating reaffirmed by analysts at Nomura. They now have a $50.00 price target on the stock, down previously from $54.00.
  • 5/11/2019 – Installed Building Products was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Installed Building Products, Inc. operates as a residential insulation installer in the United States. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors. It serves homebuilders, multi-family and commercial builders, individual homeowners, and repair and remodeling contractors. Installed Building Products, Inc. is headquartered in Columbus, Ohio. “
  • 5/6/2019 – Installed Building Products had its price target raised by analysts at Deutsche Bank AG from $47.00 to $55.00. They now have a “positive” rating on the stock.
  • 5/3/2019 – Installed Building Products was given a new $50.00 price target on by analysts at Royal Bank of Canada. They now have a “hold” rating on the stock.
  • 5/2/2019 – Installed Building Products was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $54.00 price target on the stock. According to Zacks, “Installed Building Products, Inc. operates as a residential insulation installer in the United States. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors. It serves homebuilders, multi-family and commercial builders, individual homeowners, and repair and remodeling contractors. Installed Building Products, Inc. is headquartered in Columbus, Ohio. “
  • 4/1/2019 – Installed Building Products was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

Shares of NYSE IBP traded down $0.39 during midday trading on Thursday, reaching $54.07. 2,299 shares of the stock were exchanged, compared to its average volume of 258,649. The company has a market cap of $1.66 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 1.18 and a beta of 1.34. Installed Building Products Inc has a 52-week low of $29.24 and a 52-week high of $65.85. The company has a debt-to-equity ratio of 2.44, a current ratio of 2.24 and a quick ratio of 1.91.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The business had revenue of $342.14 million during the quarter, compared to the consensus estimate of $333.87 million. Installed Building Products had a net margin of 4.15% and a return on equity of 41.94%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share. On average, analysts anticipate that Installed Building Products Inc will post 2.94 EPS for the current year.

In related news, COO Jay P. Elliott sold 3,500 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $44.51, for a total value of $155,785.00. Following the completion of the transaction, the chief operating officer now directly owns 63,650 shares of the company’s stock, valued at $2,833,061.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Jeffrey W. Edwards sold 100,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $43.54, for a total value of $4,354,000.00. Following the completion of the transaction, the chief executive officer now directly owns 124,323 shares of the company’s stock, valued at $5,413,023.42. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 320,648 shares of company stock valued at $14,572,038. 25.20% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. acquired a new stake in shares of Installed Building Products in the fourth quarter valued at about $32,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Installed Building Products by 44.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,722 shares of the construction company’s stock valued at $58,000 after purchasing an additional 532 shares in the last quarter. First Quadrant L P CA purchased a new position in shares of Installed Building Products in the first quarter valued at $94,000. Quantamental Technologies LLC purchased a new position in shares of Installed Building Products in the fourth quarter valued at $67,000. Finally, NumerixS Investment Technologies Inc grew its position in shares of Installed Building Products by 100.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 2,400 shares of the construction company’s stock valued at $81,000 after purchasing an additional 1,200 shares in the last quarter. 69.03% of the stock is owned by hedge funds and other institutional investors.

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the continental United States. It offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials.

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