Installed Building Products (NYSE:IBP) Shares Gap Up – What’s Next?

Installed Building Products, Inc. (NYSE:IBP) gapped up prior to trading on Wednesday . The stock had previously closed at $187.44, but opened at $199.65. Installed Building Products shares last traded at $197.81, with a volume of 44,243 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have commented on IBP. JPMorgan Chase & Co. upped their price objective on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Royal Bank of Canada lowered shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and decreased their price objective for the stock from $203.00 to $197.00 in a report on Friday, November 8th. Evercore ISI lowered shares of Installed Building Products from an “outperform” rating to an “underperform” rating and decreased their price objective for the stock from $238.00 to $206.00 in a report on Monday, December 16th. The Goldman Sachs Group decreased their price objective on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Seaport Res Ptn downgraded shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $240.40.

Installed Building Products Stock Up 2.4 %

The stock’s 50-day moving average price is $197.66 and its two-hundred day moving average price is $217.91. The stock has a market capitalization of $5.61 billion, a PE ratio of 22.13 and a beta of 1.98. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99.

Installed Building Products Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Sunday, December 15th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Friday, December 13th. Installed Building Products’s dividend payout ratio (DPR) is 15.56%.

Institutional Trading of Installed Building Products

Several institutional investors have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. grew its position in Installed Building Products by 34.3% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 1,399 shares of the construction company’s stock valued at $245,000 after purchasing an additional 357 shares during the last quarter. Radnor Capital Management LLC grew its position in Installed Building Products by 61.5% during the 4th quarter. Radnor Capital Management LLC now owns 6,138 shares of the construction company’s stock valued at $1,076,000 after purchasing an additional 2,338 shares during the last quarter. Park Avenue Securities LLC grew its position in Installed Building Products by 14.3% during the 4th quarter. Park Avenue Securities LLC now owns 3,011 shares of the construction company’s stock valued at $528,000 after purchasing an additional 376 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Installed Building Products by 13.0% during the 3rd quarter. Franklin Resources Inc. now owns 193,766 shares of the construction company’s stock valued at $48,368,000 after acquiring an additional 22,367 shares during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Installed Building Products during the 3rd quarter valued at about $353,000. 99.61% of the stock is owned by hedge funds and other institutional investors.

Installed Building Products Company Profile

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 United States. It operates through Installation, Distribution, and Manufacturing operation segments.