Installed Building Products, Inc. (NYSE:IBP) Receives $219.40 Consensus Price Target from Analysts

Installed Building Products, Inc. (NYSE:IBP - Get Free Report) has been given an average rating of "Hold" by the eleven brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $219.40.

Several analysts recently weighed in on IBP shares. DA Davidson cut their price target on Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Truist Financial cut their target price on Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a research note on Monday, March 3rd. JPMorgan Chase & Co. lifted their price target on Installed Building Products from $236.00 to $241.00 and gave the stock a "neutral" rating in a research report on Friday, November 22nd. Loop Capital decreased their target price on Installed Building Products from $230.00 to $215.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. Finally, The Goldman Sachs Group cut their price objective on Installed Building Products from $262.00 to $228.00 and set a "buy" rating for the company in a report on Tuesday, January 14th.

Installed Building Products Stock Performance

Shares of NYSE:IBP traded down $1.52 during mid-day trading on Monday, reaching $169.82. The company had a trading volume of 282,317 shares, compared to its average volume of 380,391. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 18.84 and a beta of 2.05. Installed Building Products has a one year low of $159.76 and a one year high of $281.04. The company's 50-day moving average price is $182.54 and its 200-day moving average price is $206.24.

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Installed Building Products Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, March 14th. This is an increase from Installed Building Products's previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a yield of 0.87%. Installed Building Products's payout ratio is 16.26%.

Institutional Trading of Installed Building Products

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Installed Building Products during the third quarter worth about $414,000. US Bancorp DE boosted its position in Installed Building Products by 148.4% in the 3rd quarter. US Bancorp DE now owns 2,809 shares of the construction company's stock valued at $692,000 after buying an additional 1,678 shares during the period. Verdence Capital Advisors LLC purchased a new position in Installed Building Products in the 3rd quarter valued at approximately $203,000. Atria Investments Inc grew its stake in shares of Installed Building Products by 6.5% in the third quarter. Atria Investments Inc now owns 2,540 shares of the construction company's stock worth $625,000 after acquiring an additional 156 shares in the last quarter. Finally, Lisanti Capital Growth LLC purchased a new stake in shares of Installed Building Products during the third quarter worth $5,093,000. 99.61% of the stock is owned by institutional investors and hedge funds.

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.