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

Shares of Installed Building Products, Inc. (NYSE:IBP - Get Free Report) have been assigned a consensus rating of "Hold" from the eleven ratings firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $240.40.

Several equities analysts have commented on the stock. Royal Bank of Canada downgraded shares of Installed Building Products from a "sector perform" rating to an "underperform" rating and dropped their price target for the stock from $203.00 to $197.00 in a research note on Friday, November 8th. Evercore ISI downgraded shares of Installed Building Products from an "outperform" rating to an "underperform" rating and dropped their price target for the stock from $238.00 to $206.00 in a research note on Monday, December 16th. DA Davidson decreased 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 research report on Friday, November 8th. StockNews.com raised shares of Installed Building Products from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a "neutral" rating in a research report on Friday, November 22nd.

Installed Building Products Stock Down 0.1 %

Shares of NYSE:IBP traded down $0.21 during trading on Thursday, hitting $178.09. The company's stock had a trading volume of 275,180 shares, compared to its average volume of 315,203. The business has a 50 day moving average price of $188.28 and a two-hundred day moving average price of $211.94. The company has a market capitalization of $5.01 billion, a PE ratio of 19.79 and a beta of 1.99. 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 fifty-two week low of $169.02 and a fifty-two week high of $281.04.

Institutional Investors Weigh In On Installed Building Products

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new position in Installed Building Products in the third quarter valued at $29,000. GHP Investment Advisors Inc. increased its stake 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 valued at $30,000 after purchasing an additional 78 shares during the period. Curio Wealth LLC acquired a new position in Installed Building Products in the fourth quarter valued at $30,000. Advisors Asset Management Inc. increased its stake 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 valued at $57,000 after purchasing an additional 140 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in Installed Building Products by 295.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock valued at $64,000 after purchasing an additional 272 shares during the period. 99.61% of the stock is owned by hedge funds and other institutional investors.

About Installed Building Products

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.