Installed Building Products (NYSE:IBP) Upgraded at StockNews.com

StockNews.com upgraded shares of Installed Building Products (NYSE:IBP) from a hold rating to a buy rating in a research note released on Friday.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada cut 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 research report on Friday, November 8th. DA Davidson dropped their price target on Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Evercore ISI downgraded 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. Jefferies Financial Group increased their price target on shares of Installed Building Products from $240.00 to $252.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Installed Building Products has an average rating of “Hold” and a consensus target price of $240.40.

Installed Building Products Stock Performance

NYSE IBP opened at $205.03 on Friday. The company’s 50 day simple moving average is $196.98 and its two-hundred day simple moving average is $218.10. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. Installed Building Products has a 1 year low of $169.02 and a 1 year high of $281.04. The stock has a market capitalization of $5.77 billion, a PE ratio of 22.78 and a beta of 1.98.

Installed Building Products Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.68%. Installed Building Products’s dividend payout ratio is currently 15.56%.

Institutional Investors Weigh In On Installed Building Products

Several hedge funds have recently added to or reduced their stakes in IBP. V Square Quantitative Management LLC bought a new stake in Installed Building Products during the 3rd quarter valued at about $29,000. GHP Investment Advisors Inc. boosted its position in shares of Installed Building Products by 185.7% during the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock valued at $30,000 after buying an additional 78 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in 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 boosted its holdings 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 valued at $78,000 after acquiring an additional 286 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new stake in shares of Installed Building Products in the third quarter worth approximately $111,000. 99.61% of the stock is owned by 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.