Installed Building Products (NYSE:IBP) Trading Up 2.2% - What's Next?

Installed Building Products, Inc. (NYSE:IBP - Get Free Report) shot up 2.2% on Friday . The company traded as high as $164.55 and last traded at $167.46. 15,143 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 322,247 shares. The stock had previously closed at $163.79.

Analyst Upgrades and Downgrades

IBP has been the subject of a number of research analyst reports. Benchmark decreased their price target on Installed Building Products from $250.00 to $210.00 and set a "buy" rating for the company in a research report on Monday, March 3rd. Truist Financial decreased their target price 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. The Goldman Sachs Group cut their price target on shares of Installed Building Products from $262.00 to $228.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Evercore ISI downgraded shares of Installed Building Products from an "outperform" rating to an "underperform" rating and decreased their price objective for the stock from $238.00 to $206.00 in a report on Monday, December 16th. Finally, Seaport Res Ptn cut shares of Installed Building Products from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $216.09.

Installed Building Products Price Performance

The firm has a market cap of $4.81 billion, a P/E ratio of 19.25 and a beta of 1.84. The business's fifty day simple moving average is $175.17 and its 200-day simple moving average is $199.36. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18.

Installed Building Products Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.85%. This is a positive change from Installed Building Products's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, March 14th. Installed Building Products's payout ratio is presently 16.26%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System lifted its holdings in shares of Installed Building Products by 0.8% in the fourth quarter. Arizona State Retirement System now owns 6,966 shares of the construction company's stock worth $1,221,000 after buying an additional 56 shares in the last quarter. McIlrath & Eck LLC lifted its stake in Installed Building Products by 32.3% in the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock worth $44,000 after purchasing an additional 61 shares in the last quarter. Dana Investment Advisors Inc. boosted its holdings 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 valued at $1,363,000 after purchasing an additional 71 shares during the period. State of Wyoming grew its position in shares of Installed Building Products by 10.1% during the 4th quarter. State of Wyoming now owns 840 shares of the construction company's stock valued at $147,000 after purchasing an additional 77 shares in the last quarter. Finally, Summit Investment Advisors Inc. grew its position in shares of Installed Building Products by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 2,507 shares of the construction company's stock valued at $439,000 after purchasing an additional 79 shares in the last quarter. Institutional investors own 99.61% of the company's stock.

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.