Installed Building Products (NYSE:IBP) Shares Gap Up - What's Next?

Installed Building Products, Inc. (NYSE:IBP - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $187.44, but opened at $199.65. Installed Building Products shares last traded at $197.81, with a volume of 44,243 shares.

Analyst Ratings Changes

A number of brokerages recently issued reports on IBP. DA Davidson cut their price objective on Installed Building Products from $275.00 to $260.00 and set a "buy" rating for the company in a research note on Friday, November 8th. The Goldman Sachs Group dropped their price target on shares of Installed Building Products from $262.00 to $228.00 and set a "buy" rating for the company in a research report on Tuesday. Seaport Res Ptn downgraded shares of Installed Building Products from a "strong-buy" rating to a "hold" rating in a research report on Friday, December 13th. StockNews.com raised shares of Installed Building Products from a "hold" rating to a "buy" rating in a report on Wednesday, December 18th. Finally, Jefferies Financial Group lifted their price target on Installed Building Products from $240.00 to $252.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Installed Building Products currently has an average rating of "Hold" and an average target price of $240.40.

Installed Building Products Stock Up 3.5 %

The company has a market cap of $5.46 billion, a P/E ratio of 21.56 and a beta of 1.98. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The business's fifty day moving average is $198.02 and its two-hundred day moving average is $218.05.

Installed Building Products Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Sunday, December 15th were paid a $0.35 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.40 annualized dividend and a yield of 0.72%. Installed Building Products's dividend payout ratio (DPR) is currently 15.56%.

Institutional Investors Weigh In On Installed Building Products

A number of institutional investors and hedge funds have recently bought and sold shares of the company. State Street Corp grew its position in shares of Installed Building Products by 8.4% during the 3rd quarter. State Street Corp now owns 1,248,515 shares of the construction company's stock worth $307,472,000 after buying an additional 96,780 shares in the last quarter. FMR LLC grew its holdings in Installed Building Products by 61.5% during the 3rd quarter. FMR LLC now owns 965,551 shares of the construction company's stock worth $237,786,000 after acquiring an additional 367,628 shares in the last quarter. Geode Capital Management LLC grew its holdings in Installed Building Products by 3.9% during the 3rd quarter. Geode Capital Management LLC now owns 623,003 shares of the construction company's stock worth $153,452,000 after acquiring an additional 23,179 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Installed Building Products by 6.5% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 329,166 shares of the construction company's stock valued at $81,063,000 after purchasing an additional 20,155 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Installed Building Products by 8.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 276,383 shares of the construction company's stock valued at $68,065,000 after purchasing an additional 21,942 shares in the last quarter. 99.61% of the stock is owned by 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.