Installed Building Products (NYSE:IBP - Get Free Report) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Friday.
Several other equities analysts also recently issued reports on the stock. 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 report on Monday, December 16th. JPMorgan Chase & Co. upped their target price 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. Seaport Res Ptn lowered Installed Building Products from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. The Goldman Sachs Group decreased 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. Finally, DA Davidson lowered their target price on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Installed Building Products presently has an average rating of "Hold" and a consensus price target of $224.90.
View Our Latest Analysis on IBP
Installed Building Products Stock Up 2.4 %
Shares of Installed Building Products stock traded up $3.96 during trading hours on Friday, hitting $166.18. The company had a trading volume of 543,685 shares, compared to its average volume of 379,741. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. The company's 50-day moving average is $182.89 and its two-hundred day moving average is $208.28. The company has a market cap of $4.68 billion, a P/E ratio of 18.46 and a beta of 1.99. Installed Building Products has a twelve month low of $159.76 and a twelve month high of $281.04.
Hedge Funds Weigh In On Installed Building Products
A number of large investors have recently bought and sold shares of IBP. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Installed Building Products during the third quarter worth about $414,000. Nisa Investment Advisors LLC increased its position in Installed Building Products by 6.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,577 shares of the construction company's stock worth $881,000 after purchasing an additional 201 shares during the period. US Bancorp DE increased its position in Installed Building Products by 148.4% during the 3rd quarter. US Bancorp DE now owns 2,809 shares of the construction company's stock worth $692,000 after purchasing an additional 1,678 shares during the period. Jacobson & Schmitt Advisors LLC raised its stake in shares of Installed Building Products by 4.1% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 37,797 shares of the construction company's stock worth $9,308,000 after buying an additional 1,500 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Installed Building Products by 29.3% in the 3rd quarter. New York State Common Retirement Fund now owns 92,077 shares of the construction company's stock valued at $22,676,000 after buying an additional 20,860 shares during the period. Hedge funds and other institutional investors own 99.61% of the company's stock.
About Installed Building Products
(
Get Free Report)
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.
Read More
Before you consider Installed Building Products, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Installed Building Products wasn't on the list.
While Installed Building Products currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
