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.
View Our Latest Report on IBP
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
(
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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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