Benchmark Has Lowered Expectations for Installed Building Products (NYSE:IBP) Stock Price

Installed Building Products (NYSE:IBP - Get Free Report) had its target price decreased by investment analysts at Benchmark from $250.00 to $210.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the construction company's stock. Benchmark's target price indicates a potential upside of 20.60% from the stock's current price.

IBP has been the subject of several other reports. JPMorgan Chase & Co. raised their price objective on Installed Building Products from $236.00 to $241.00 and gave the company a "neutral" rating in a research note on Friday, November 22nd. 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. Royal Bank of Canada lowered shares of Installed Building Products from a "sector perform" rating to an "underperform" rating and decreased their price objective for the company from $203.00 to $197.00 in a research report on Friday, November 8th. StockNews.com cut Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Finally, DA Davidson decreased their price objective on Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $219.40.

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Installed Building Products Stock Performance

IBP traded up $1.69 during trading on Monday, hitting $174.13. The company's stock had a trading volume of 283,214 shares, compared to its average volume of 380,303. The firm has a market cap of $4.90 billion, a PE ratio of 19.35 and a beta of 1.99. Installed Building Products has a one year low of $159.76 and a one year high of $281.04. The business's 50 day simple moving average is $182.58 and its 200-day simple moving average is $207.74. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Curio Wealth LLC purchased a new position in Installed Building Products in the fourth quarter worth $30,000. Advisors Asset Management Inc. increased its holdings in shares of Installed Building Products by 152.2% in 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 in the last quarter. McIlrath & Eck LLC increased its holdings in shares of Installed Building Products by 32.3% in the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock valued at $44,000 after purchasing an additional 61 shares in the last quarter. Quarry LP boosted its holdings in Installed Building Products by 953.3% during the third quarter. Quarry LP now owns 316 shares of the construction company's stock worth $78,000 after buying an additional 286 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Installed Building Products by 295.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock worth $64,000 after buying an additional 272 shares during the period. 99.61% of the stock is owned by hedge funds and other institutional investors.

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.