Installed Building Products (NYSE:IBP) Sets New 52-Week Low - Should You Sell?

Installed Building Products, Inc. (NYSE:IBP - Get Free Report)'s stock price hit a new 52-week low on Wednesday . The stock traded as low as $169.02 and last traded at $170.32, with a volume of 15331 shares traded. The stock had previously closed at $173.83.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on IBP shares. Royal Bank of Canada lowered shares of Installed Building Products from a "sector perform" rating to an "underperform" rating and reduced their price target for the stock from $203.00 to $197.00 in a research report on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on shares of 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 downgraded Installed Building Products from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. Jefferies Financial Group boosted their price objective on Installed Building Products from $240.00 to $252.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Finally, DA Davidson lowered their target price on Installed Building Products from $275.00 to $260.00 and set a "buy" rating on the stock in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Installed Building Products presently has an average rating of "Hold" and a consensus target price of $247.10.

Installed Building Products Trading Up 1.2 %

The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 19.55 and a beta of 1.98. 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 company has a 50 day moving average price of $203.05 and a two-hundred day moving average price of $219.02.

Installed Building Products Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend was Friday, December 13th. Installed Building Products's payout ratio is 15.56%.

Institutional Trading of Installed Building Products

A number of institutional investors and hedge funds have recently modified their holdings of the stock. FMR LLC boosted its holdings in Installed Building Products by 61.5% in the 3rd quarter. FMR LLC now owns 965,551 shares of the construction company's stock worth $237,786,000 after buying an additional 367,628 shares during the last quarter. Summit Partners Public Asset Management LLC purchased a new stake in shares of Installed Building Products during the third quarter worth approximately $54,499,000. Wellington Management Group LLP purchased a new stake in shares of Installed Building Products during the third quarter worth approximately $34,635,000. Millennium Management LLC raised its stake in Installed Building Products by 395.3% in the 2nd quarter. Millennium Management LLC now owns 143,166 shares of the construction company's stock valued at $29,446,000 after purchasing an additional 114,259 shares during the last quarter. Finally, State Street Corp boosted its stake in Installed Building Products by 8.4% during the 3rd quarter. State Street Corp now owns 1,248,515 shares of the construction company's stock worth $307,472,000 after purchasing an additional 96,780 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company's stock.

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.