Installed Building Products, Inc. (NYSE:IBP - Get Free Report) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 1,460,000 shares, a growth of 7.4% from the January 15th total of 1,360,000 shares. Currently, 6.2% of the company's stock are short sold. Based on an average daily trading volume, of 306,000 shares, the days-to-cover ratio is presently 4.8 days.
Installed Building Products Stock Performance
Installed Building Products stock traded down $7.01 during midday trading on Friday, hitting $164.58. The stock had a trading volume of 90,084 shares, compared to its average volume of 309,661. Installed Building Products has a 52-week low of $165.15 and a 52-week high of $281.04. The company has a market capitalization of $4.63 billion, a PE ratio of 18.30 and a beta of 1.99. The firm's fifty day moving average is $185.35 and its two-hundred day moving average is $210.57. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18.
Wall Street Analysts Forecast Growth
IBP has been the subject of several recent analyst reports. Seaport Res Ptn cut Installed Building Products from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. DA Davidson decreased their price target on Installed Building Products from $275.00 to $260.00 and set a "buy" rating for the company in a research note on Friday, November 8th. StockNews.com upgraded Installed Building Products from a "hold" rating to a "buy" rating in a research note on Wednesday. Evercore ISI cut Installed Building Products from an "outperform" rating to an "underperform" rating and decreased their price target for the stock from $238.00 to $206.00 in a research note on Monday, December 16th. Finally, The Goldman Sachs Group decreased their price target on Installed Building Products from $262.00 to $228.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, Installed Building Products presently has a consensus rating of "Hold" and an average price target of $240.40.
View Our Latest Research Report on Installed Building Products
Institutional Trading of Installed Building Products
A number of hedge funds and other institutional investors have recently modified their holdings of IBP. V Square Quantitative Management LLC bought a new position in Installed Building Products in the 3rd quarter worth $29,000. GHP Investment Advisors Inc. lifted its position 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 valued at $30,000 after acquiring an additional 78 shares in the last quarter. Curio Wealth LLC bought a new position in shares of Installed Building Products in the fourth quarter worth about $30,000. McIlrath & Eck LLC grew its position in shares of Installed Building Products by 32.3% during the fourth quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock worth $44,000 after purchasing an additional 61 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in Installed Building Products by 152.2% during the 3rd 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. 99.61% of the stock is owned by hedge funds and other institutional investors.
Installed Building Products Company Profile
(
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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.
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