Installed Building Products (NYSE:IBP) Upgraded to "Buy" at StockNews.com

StockNews.com upgraded shares of Installed Building Products (NYSE:IBP - Free Report) from a hold rating to a buy rating in a report issued on Friday morning.

IBP has been the subject of a number of other research reports. Seaport Res Ptn lowered shares of Installed Building Products from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. Evercore ISI downgraded shares of Installed Building Products from an "outperform" rating to an "underperform" rating and decreased their price target for the company from $238.00 to $206.00 in a research note on Monday, December 16th. JPMorgan Chase & Co. increased their price objective on Installed Building Products from $236.00 to $241.00 and gave the stock a "neutral" rating in a research note on Friday, November 22nd. Royal Bank of Canada lowered Installed Building Products from a "sector perform" rating to an "underperform" rating and decreased their target price for the company from $203.00 to $197.00 in a research report on Friday, November 8th. Finally, DA Davidson dropped their price target on Installed Building Products from $275.00 to $260.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. Two investment 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, the stock presently has an average rating of "Hold" and an average target price of $240.40.

Installed Building Products Trading Down 0.1 %

Installed Building Products stock traded down $0.28 during mid-day trading on Friday, hitting $205.03. The company's stock had a trading volume of 278,359 shares, compared to its average volume of 301,910. Installed Building Products has a one year low of $169.02 and a one year high of $281.04. The stock has a market cap of $5.77 billion, a PE ratio of 22.78 and a beta of 1.98. The company has a 50 day moving average of $196.98 and a 200-day moving average of $217.95. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Sunday, December 15th were issued a $0.35 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.40 dividend on an annualized basis and a yield of 0.68%. Installed Building Products's dividend payout ratio is presently 15.56%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in Installed Building Products in the third quarter valued at approximately $29,000. GHP Investment Advisors Inc. lifted its holdings in shares of Installed Building Products by 185.7% during the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company's stock valued at $30,000 after purchasing an additional 78 shares during the last quarter. Advisors Asset Management Inc. boosted its position 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 worth $57,000 after purchasing an additional 140 shares in the last quarter. Quarry LP grew its stake in Installed Building Products by 953.3% during the 3rd quarter. Quarry LP now owns 316 shares of the construction company's stock worth $78,000 after buying an additional 286 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new position in Installed Building Products during the 3rd quarter valued at about $111,000. Hedge funds and other 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.