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

Shares of Installed Building Products, Inc. (NYSE:IBP - Get Free Report) have earned a consensus recommendation of "Hold" from the ten research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $253.70.

IBP has been the subject of a number of research reports. StockNews.com lowered shares of Installed Building Products from a "buy" rating to a "hold" rating in a report on Tuesday. Evercore ISI increased their target price on Installed Building Products from $271.00 to $272.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. JPMorgan Chase & Co. lifted their price target on Installed Building Products from $236.00 to $241.00 and gave the company a "neutral" rating in a research report on Friday, November 22nd. Jefferies Financial Group upped their price target on Installed Building Products from $240.00 to $252.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Finally, DA Davidson lowered their price objective on 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.

Installed Building Products Trading Up 1.4 %

NYSE:IBP traded up $3.21 during mid-day trading on Friday, reaching $228.74. 111,703 shares of the company's stock traded hands, compared to its average volume of 294,000. The company has a 50 day moving average price of $229.82 and a 200-day moving average price of $222.90. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of 25.38 and a beta of 1.95. 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 12-month low of $148.59 and a 12-month high of $281.04.

Installed Building Products Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Sunday, December 15th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date of this dividend is Friday, December 13th. Installed Building Products's dividend payout ratio (DPR) is 15.56%.

Institutional Trading of Installed Building Products

Several institutional investors have recently bought and sold shares of IBP. State Street Corp boosted its stake in shares of Installed Building Products by 8.4% in the third 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. FMR LLC boosted its stake in Installed Building Products by 61.5% during the 3rd quarter. FMR LLC now owns 965,551 shares of the construction company's stock worth $237,786,000 after purchasing an additional 367,628 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Installed Building Products by 3.9% during the third quarter. Geode Capital Management LLC now owns 623,003 shares of the construction company's stock worth $153,452,000 after buying an additional 23,179 shares in the last quarter. Swedbank AB raised its position in shares of Installed Building Products by 11.6% in the second quarter. Swedbank AB now owns 415,000 shares of the construction company's stock valued at $85,357,000 after buying an additional 43,000 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of Installed Building Products by 6.5% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 329,166 shares of the construction company's stock valued at $81,063,000 after buying an additional 20,155 shares during the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

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.