Installed Building Products (NYSE:IBP - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.
IBP has been the topic of a number of other reports. Evercore ISI lowered Installed Building Products from an "outperform" rating to an "underperform" rating and dropped their price objective for the stock from $238.00 to $206.00 in a research note on Monday, December 16th. 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. DA Davidson reduced 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. The Goldman Sachs Group lowered their price objective on shares of Installed Building Products from $262.00 to $228.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Finally, Jefferies Financial Group upped their target price on shares of Installed Building Products from $240.00 to $252.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Installed Building Products currently has an average rating of "Hold" and a consensus price target of $240.40.
Read Our Latest Stock Report on IBP
Installed Building Products Stock Performance
Shares of Installed Building Products stock traded up $5.24 on Friday, reaching $192.86. The stock had a trading volume of 238,799 shares, compared to its average volume of 307,345. The stock has a market cap of $5.43 billion, a P/E ratio of 21.43 and a beta of 1.99. Installed Building Products has a fifty-two week low of $169.02 and a fifty-two week high of $281.04. 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 business's 50-day moving average price is $194.49 and its two-hundred day moving average price is $216.10.
Institutional Trading of Installed Building Products
Several institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its stake in shares of Installed Building Products by 8.4% in the 3rd quarter. State Street Corp now owns 1,248,515 shares of the construction company's stock valued at $307,472,000 after purchasing an additional 96,780 shares in the last quarter. FMR LLC lifted its holdings in Installed Building Products by 61.5% during the 3rd quarter. FMR LLC now owns 965,551 shares of the construction company's stock valued at $237,786,000 after purchasing an additional 367,628 shares during the last quarter. Geode Capital Management LLC boosted its position in Installed Building Products by 3.9% in the third quarter. Geode Capital Management LLC now owns 623,003 shares of the construction company's stock valued at $153,452,000 after buying an additional 23,179 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in Installed Building Products by 25.3% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 412,371 shares of the construction company's stock worth $72,268,000 after buying an additional 83,205 shares during the last quarter. Finally, Van Berkom & Associates Inc. grew its stake in Installed Building Products by 7.5% during the fourth quarter. Van Berkom & Associates Inc. now owns 373,458 shares of the construction company's stock worth $65,449,000 after buying an additional 25,971 shares during the last quarter. Institutional investors and hedge funds own 99.61% of the company's stock.
About Installed Building Products
(
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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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