Installed Building Products (NYSE:IBP) Shares Up 2.2% – Should You Buy?

Installed Building Products, Inc. (NYSE:IBP)’s share price was up 2.2% during trading on Friday . The stock traded as high as $164.55 and last traded at $167.46. Approximately 15,143 shares traded hands during trading, a decline of 95% from the average daily volume of 322,247 shares. The stock had previously closed at $163.79.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on IBP. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Installed Building Products in a research note on Tuesday, April 1st. They issued a “hold” rating and a $183.00 price objective for the company. DA Davidson lowered their price target on shares of Installed Building Products from $260.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Seaport Res Ptn lowered shares of Installed Building Products from a “strong-buy” rating to a “hold” rating in a report on Friday, December 13th. Truist Financial lowered their target price on Installed Building Products from $240.00 to $180.00 and set a “hold” rating for the company in a report on Monday, March 3rd. Finally, Evercore ISI downgraded Installed Building Products from an “outperform” rating to an “underperform” rating and cut their price target for the company from $238.00 to $206.00 in a report on Monday, December 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $216.09.

Installed Building Products Stock Up 5.7 %

The company has a 50-day moving average of $177.57 and a 200-day moving average of $201.05. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 19.24 and a beta of 1.84.

Installed Building Products Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.37 dividend. This is a positive change from Installed Building Products’s previous quarterly dividend of $0.35. This represents a $1.48 annualized dividend and a dividend yield of 0.85%. The ex-dividend date was Friday, March 14th. Installed Building Products’s dividend payout ratio (DPR) is presently 16.26%.

Institutional Trading of Installed Building Products

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of Installed Building Products by 0.6% in the fourth quarter. Vanguard Group Inc. now owns 2,636,803 shares of the construction company’s stock worth $462,100,000 after buying an additional 16,597 shares during the last quarter. State Street Corp raised its stake in Installed Building Products by 8.4% in the 3rd quarter. State Street Corp now owns 1,248,515 shares of the construction company’s stock worth $307,472,000 after acquiring an additional 96,780 shares during the last quarter. FIL Ltd lifted its position in Installed Building Products by 14.0% during the 4th quarter. FIL Ltd now owns 1,039,038 shares of the construction company’s stock worth $182,091,000 after acquiring an additional 127,215 shares during the period. Geode Capital Management LLC grew its stake in Installed Building Products by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 633,556 shares of the construction company’s stock valued at $111,053,000 after purchasing an additional 10,553 shares during the last quarter. Finally, Giverny Capital Inc. increased its holdings in shares of Installed Building Products by 3.6% in the fourth quarter. Giverny Capital Inc. now owns 504,735 shares of the construction company’s stock valued at $88,455,000 after purchasing an additional 17,620 shares during the period. Hedge funds and other institutional investors own 99.61% of the company’s stock.

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.