Installed Building Products (NYSE:IBP) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Installed Building Products (NYSE:IBP) from a buy rating to a hold rating in a research report report published on Thursday.

Several other research firms also recently issued reports on IBP. JPMorgan Chase & Co. lifted their price target on shares of Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Royal Bank of Canada cut shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and reduced their price objective for the company from $203.00 to $197.00 in a report on Friday, November 8th. Evercore ISI downgraded shares of Installed Building Products from an “outperform” rating to an “underperform” rating and decreased their target price for the stock from $238.00 to $206.00 in a research report on Monday, December 16th. The Goldman Sachs Group dropped their price target on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, DA Davidson decreased their price objective on Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a report on Friday, November 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $240.40.

Installed Building Products Stock Down 1.3 %

Shares of NYSE:IBP opened at $196.38 on Thursday. 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 has a 52-week low of $169.02 and a 52-week high of $281.04. The business’s 50 day simple moving average is $197.38 and its two-hundred day simple moving average is $218.02. The firm has a market cap of $5.53 billion, a P/E ratio of 21.82 and a beta of 1.98.

Installed Building Products Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th were given a $0.35 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.40 annualized dividend and a yield of 0.71%. Installed Building Products’s dividend payout ratio is currently 15.56%.

Institutional Investors Weigh In On Installed Building Products

Several large investors have recently made changes to their positions in IBP. V Square Quantitative Management LLC purchased a new position in shares of Installed Building Products in the 3rd quarter worth about $29,000. GHP Investment Advisors Inc. raised its position in Installed Building Products by 185.7% in the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after acquiring an additional 78 shares during the period. Advisors Asset Management Inc. grew its position in shares of Installed Building Products by 152.2% during the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock valued at $57,000 after acquiring an additional 140 shares during the period. Quarry LP increased its stake in shares of Installed Building Products by 953.3% during the 3rd quarter. Quarry LP now owns 316 shares of the construction company’s stock worth $78,000 after purchasing an additional 286 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new stake in shares of Installed Building Products in the 3rd quarter worth approximately $111,000. 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.