Installed Building Products, Inc. (NYSE:IBP) Receives $240.40 Average Price Target from Brokerages

Installed Building Products, Inc. (NYSE:IBP - Get Free Report) has received an average recommendation of "Hold" from the eleven brokerages that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $240.40.

A number of analysts have recently issued reports on IBP shares. JPMorgan Chase & Co. lifted their price objective on shares of Installed Building Products from $236.00 to $241.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. Evercore ISI downgraded Installed Building Products from an "outperform" rating to an "underperform" rating and cut their price objective for the company from $238.00 to $206.00 in a report on Monday, December 16th. Royal Bank of Canada downgraded shares of Installed Building Products from a "sector perform" rating to an "underperform" rating and lowered their target price for the stock from $203.00 to $197.00 in a report on Friday, November 8th. Jefferies Financial Group upped their price target on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Finally, Seaport Res Ptn downgraded shares of Installed Building Products from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th.

Institutional Trading of Installed Building Products

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new position in Installed Building Products during the third quarter worth $29,000. GHP Investment Advisors Inc. raised its stake in shares of Installed Building Products by 185.7% in the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company's stock worth $30,000 after purchasing an additional 78 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of 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 in the last quarter. Quarry LP boosted its position in shares of Installed Building Products by 953.3% during the third quarter. Quarry LP now owns 316 shares of the construction company's stock valued at $78,000 after buying an additional 286 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new stake in shares of Installed Building Products in the 3rd quarter worth $111,000. Institutional investors and hedge funds own 99.61% of the company's stock.

Installed Building Products Stock Down 1.3 %

NYSE IBP traded down $2.66 on Friday, reaching $196.38. The company had a trading volume of 382,189 shares, compared to its average volume of 235,674. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The firm has a market capitalization of $5.53 billion, a price-to-earnings ratio of 21.82 and a beta of 1.98. Installed Building Products has a 1-year low of $169.02 and a 1-year high of $281.04. The company's fifty day moving average is $197.38 and its 200-day moving average is $218.02.

Installed Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Sunday, December 15th were given a dividend of $0.35 per share. The ex-dividend date was Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 0.71%. Installed Building Products's dividend payout ratio (DPR) is 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.