Installed Building Products, Inc. (NYSE:IBP) Given Average Rating of "Hold" by Brokerages

Installed Building Products, Inc. (NYSE:IBP - Get Free Report) has been assigned an average recommendation of "Hold" from the eleven ratings firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $247.10.

A number of equities analysts have recently issued reports on IBP shares. Evercore ISI downgraded shares of 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. Jefferies Financial Group lifted 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. DA Davidson lowered their price target on Installed Building Products from $275.00 to $260.00 and set a "buy" rating on the stock in a report on Friday, November 8th. Seaport Res Ptn downgraded Installed Building Products from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Finally, StockNews.com upgraded Installed Building Products from a "hold" rating to a "buy" rating in a research report on Wednesday, December 18th.

Hedge Funds Weigh In On Installed Building Products

A number of institutional investors have recently modified their holdings of the company. Summit Partners Public Asset Management LLC purchased a new stake in Installed Building Products in the 3rd quarter worth approximately $54,499,000. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Installed Building Products by 121.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 16,094 shares of the construction company's stock worth $3,963,000 after purchasing an additional 8,815 shares during the last quarter. Creative Planning grew its position in shares of Installed Building Products by 39.6% in the third quarter. Creative Planning now owns 7,712 shares of the construction company's stock valued at $1,899,000 after purchasing an additional 2,187 shares during the period. Natixis Advisors LLC increased its stake in Installed Building Products by 6.4% in the third quarter. Natixis Advisors LLC now owns 74,252 shares of the construction company's stock valued at $18,286,000 after purchasing an additional 4,451 shares during the last quarter. Finally, Citigroup Inc. increased its stake in Installed Building Products by 54.0% in the third quarter. Citigroup Inc. now owns 47,235 shares of the construction company's stock valued at $11,633,000 after purchasing an additional 16,569 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company's stock.

Installed Building Products Price Performance

NYSE:IBP traded down $0.97 during trading hours on Wednesday, hitting $177.24. The company's stock had a trading volume of 85,492 shares, compared to its average volume of 292,769. The company has a market capitalization of $4.99 billion, a PE ratio of 19.69 and a beta of 1.93. Installed Building Products has a 52-week low of $168.08 and a 52-week high of $281.04. The business's 50-day moving average is $215.59 and its two-hundred day moving average is $221.52. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Sunday, December 15th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Friday, December 13th. Installed Building Products's dividend payout ratio is presently 15.56%.

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.