Installed Building Products, Inc. (NYSE:IBP - Get Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $170.37, but opened at $166.02. Installed Building Products shares last traded at $167.48, with a volume of 12,171 shares trading hands.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. Truist Financial cut their price objective on Installed Building Products from $240.00 to $180.00 and set a "hold" rating for the company in a research report on Monday, March 3rd. Deutsche Bank Aktiengesellschaft began coverage on shares of Installed Building Products in a report on Tuesday, April 1st. They issued a "hold" rating and a $183.00 price target for the company. Benchmark decreased their price objective on shares of Installed Building Products from $250.00 to $210.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Loop Capital dropped their target price on shares of Installed Building Products from $230.00 to $215.00 and set a "buy" rating for the company in a report on Tuesday, March 4th. Finally, DA Davidson reduced their price target on shares of Installed Building Products from $260.00 to $225.00 and set a "buy" rating for the company in a research report on Friday, February 28th. Two equities 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. According to MarketBeat.com, Installed Building Products has an average rating of "Hold" and an average target price of $216.09.
Read Our Latest Research Report on Installed Building Products
Installed Building Products Trading Down 4.6 %
The business has a 50-day moving average of $172.17 and a 200 day moving average of $196.59. The stock has a market cap of $4.32 billion, a PE ratio of 17.38 and a beta of 1.84. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99.
Installed Building Products Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, March 14th. This is an increase from Installed Building Products's previous quarterly dividend of $0.35. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.95%. Installed Building Products's payout ratio is 16.26%.
Institutional Trading of Installed Building Products
A number of hedge funds have recently bought and sold shares of the company. Arizona State Retirement System lifted its stake in shares of Installed Building Products by 0.8% during the 4th quarter. Arizona State Retirement System now owns 6,966 shares of the construction company's stock worth $1,221,000 after purchasing an additional 56 shares during the period. McIlrath & Eck LLC lifted its position in Installed Building Products by 32.3% during the fourth quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock worth $44,000 after buying an additional 61 shares during the period. Dana Investment Advisors Inc. boosted its stake in Installed Building Products by 0.9% in the 4th quarter. Dana Investment Advisors Inc. now owns 7,778 shares of the construction company's stock worth $1,363,000 after buying an additional 71 shares during the last quarter. State of Wyoming grew its holdings in Installed Building Products by 10.1% in the 4th quarter. State of Wyoming now owns 840 shares of the construction company's stock valued at $147,000 after buying an additional 77 shares during the period. Finally, Summit Investment Advisors Inc. grew its holdings in Installed Building Products by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 2,507 shares of the construction company's stock valued at $439,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 99.61% of the company's stock.
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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