Installed Building Products (NYSE:IBP) Reaches New 12-Month Low - Should You Sell?

Installed Building Products, Inc. (NYSE:IBP - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $153.40 and last traded at $156.41, with a volume of 431050 shares traded. The stock had previously closed at $163.96.

Wall Street Analysts Forecast Growth

IBP has been the topic of a number of recent analyst reports. Truist Financial reduced their price target on shares of Installed Building Products from $240.00 to $180.00 and set a "hold" rating on the stock in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft began coverage on Installed Building Products in a research report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price objective for the company. Benchmark decreased their target price on Installed Building Products from $250.00 to $210.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. The Goldman Sachs Group cut their price target 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, StockNews.com lowered shares of Installed Building Products from a "buy" rating to a "hold" rating in a report on Friday, February 28th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $216.09.

Installed Building Products Stock Up 1.5 %

The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The company has a market cap of $4.37 billion, a P/E ratio of 17.59 and a beta of 1.84. The firm's 50 day moving average price is $170.63 and its 200-day moving average price is $194.41.

Installed Building Products Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Friday, March 14th. This is a positive change from Installed Building Products's previous quarterly dividend of $0.35. Installed Building Products's payout ratio is currently 16.26%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Curio Wealth LLC bought a new stake in Installed Building Products in the fourth quarter valued at about $30,000. UMB Bank n.a. increased its stake in shares of Installed Building Products by 142.1% in the 1st quarter. UMB Bank n.a. now owns 184 shares of the construction company's stock valued at $32,000 after acquiring an additional 108 shares during the last quarter. Fifth Third Bancorp raised its position in shares of Installed Building Products by 74.6% in the 1st quarter. Fifth Third Bancorp now owns 227 shares of the construction company's stock valued at $39,000 after acquiring an additional 97 shares during the period. McIlrath & Eck LLC boosted its stake in Installed Building Products by 32.3% during the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock worth $44,000 after acquiring an additional 61 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings 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 valued at $64,000 after purchasing an additional 272 shares during the period. Institutional investors and hedge funds own 99.61% of the company's stock.

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.