Deutsche Bank Aktiengesellschaft Initiates Coverage on Installed Building Products (NYSE:IBP)

Deutsche Bank Aktiengesellschaft started coverage on shares of Installed Building Products (NYSE:IBP - Free Report) in a report issued on Tuesday morning, Marketbeat.com reports. The firm issued a hold rating and a $183.00 price objective on the construction company's stock.

Several other brokerages have also commented on IBP. Loop Capital dropped their price target on shares of 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. Benchmark cut their target price on shares of Installed Building Products from $250.00 to $210.00 and set a "buy" rating on the stock in a research note on Monday, March 3rd. Seaport Res Ptn cut shares of Installed Building Products from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. The Goldman Sachs Group cut their price objective on Installed Building Products from $262.00 to $228.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Finally, Truist Financial reduced their price objective 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Installed Building Products presently has an average rating of "Hold" and a consensus price target of $216.09.

Installed Building Products Price Performance

IBP traded up $9.40 during trading on Tuesday, reaching $173.19. 784,236 shares of the stock were exchanged, compared to its average volume of 325,810. The company has a market capitalization of $4.81 billion, a price-to-earnings ratio of 19.24 and a beta of 2.05. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. Installed Building Products has a 1 year low of $157.93 and a 1 year high of $281.04. The business's 50 day moving average price is $177.57 and its two-hundred day moving average price is $201.31.

Installed Building Products Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were given a dividend of $0.37 per share. The ex-dividend date was Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.85%. This is an increase from Installed Building Products's previous quarterly dividend of $0.35. Installed Building Products's dividend payout ratio (DPR) is presently 16.26%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in IBP. Wellington Management Group LLP raised its stake in shares of Installed Building Products by 2.1% in the 4th quarter. Wellington Management Group LLP now owns 143,579 shares of the construction company's stock valued at $25,162,000 after purchasing an additional 2,939 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in Installed Building Products in the fourth quarter valued at about $823,000. Ascent Group LLC increased its holdings in Installed Building Products by 18.6% in the fourth quarter. Ascent Group LLC now owns 23,357 shares of the construction company's stock valued at $4,093,000 after buying an additional 3,671 shares during the last quarter. McIlrath & Eck LLC raised its stake in Installed Building Products by 32.3% during the fourth quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock valued at $44,000 after buying an additional 61 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in Installed Building Products during the 4th quarter worth approximately $90,000. 99.61% of the stock is currently owned by institutional investors.

About Installed Building Products

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.