The Goldman Sachs Group Has Lowered Expectations for Installed Building Products (NYSE:IBP) Stock Price

Installed Building Products (NYSE:IBP) had its target price decreased by research analysts at The Goldman Sachs Group from $262.00 to $228.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 30.43% from the company’s previous close.

Several other brokerages have also weighed in on IBP. Evercore ISI lowered Installed Building Products from an “outperform” rating to an “underperform” rating and dropped their target price for the stock from $238.00 to $206.00 in a research report on Monday, December 16th. Seaport Res Ptn cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Royal Bank of Canada lowered Installed Building Products from a “sector perform” rating to an “underperform” rating and reduced their price target for the stock from $203.00 to $197.00 in a research report on Friday, November 8th. Jefferies Financial Group raised their price target on Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, DA Davidson reduced their price objective on shares of 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 analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Installed Building Products currently has an average rating of “Hold” and an average price target of $240.40.

Installed Building Products Stock Up 1.6 %

IBP stock opened at $174.80 on Tuesday. Installed Building Products has a 1-year low of $169.02 and a 1-year high of $281.04. The firm has a fifty day moving average price of $199.59 and a two-hundred day moving average price of $218.34. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. The firm has a market cap of $4.92 billion, a price-to-earnings ratio of 19.42 and a beta of 1.98.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in Installed Building Products during the third quarter valued at approximately $29,000. GHP Investment Advisors Inc. raised its holdings in shares of Installed Building Products by 185.7% during the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after purchasing an additional 78 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in Installed Building Products by 152.2% in the third quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock worth $57,000 after purchasing an additional 140 shares in the last quarter. Quarry LP increased its position in Installed Building Products by 953.3% during the third quarter. Quarry LP now owns 316 shares of the construction company’s stock worth $78,000 after buying an additional 286 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new position in Installed Building Products during the third quarter valued at about $111,000. 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.