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

Installed Building Products (NYSE:IBP - Get Free Report) was upgraded by stock analysts at StockNews.com from a "hold" rating to a "buy" rating in a report issued on Monday.

A number of other research firms also recently issued reports on IBP. DA Davidson decreased their price target on shares of 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 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. Seaport Res Ptn cut shares of Installed Building Products from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. JPMorgan Chase & Co. increased their price target on shares of Installed Building Products from $236.00 to $241.00 and gave the company a "neutral" rating in a report on Friday, November 22nd. Finally, Evercore ISI cut shares of Installed Building Products from an "outperform" rating to an "underperform" rating and dropped their target price for the stock from $238.00 to $206.00 in a report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Installed Building Products currently has a consensus rating of "Hold" and a consensus price target of $240.40.

Installed Building Products Trading Down 0.1 %

Shares of NYSE:IBP traded down $0.21 during midday trading on Monday, hitting $178.09. 163,971 shares of the stock traded hands, compared to its average volume of 304,306. The stock has a market capitalization of $5.01 billion, a PE ratio of 19.79 and a beta of 1.99. The business's 50 day moving average is $189.71 and its two-hundred day moving average is $213.61. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. Installed Building Products has a one year low of $169.02 and a one year high of $281.04.

Institutional Trading of Installed Building Products

Several institutional investors and hedge funds have recently modified their holdings of IBP. FMR LLC raised its position in shares of Installed Building Products by 61.5% during the 3rd quarter. FMR LLC now owns 965,551 shares of the construction company's stock valued at $237,786,000 after purchasing an additional 367,628 shares during the period. Summit Partners Public Asset Management LLC bought a new stake in shares of Installed Building Products during the 3rd quarter valued at $54,499,000. First Trust Advisors LP raised its position in shares of Installed Building Products by 69.8% during the 4th quarter. First Trust Advisors LP now owns 485,727 shares of the construction company's stock valued at $85,124,000 after purchasing an additional 199,657 shares during the period. Norges Bank bought a new stake in shares of Installed Building Products during the 4th quarter valued at $28,509,000. Finally, T. Rowe Price Investment Management Inc. raised its position in shares of Installed Building Products by 87.9% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 338,081 shares of the construction company's stock valued at $59,249,000 after purchasing an additional 158,173 shares during the period. 99.61% of the stock is currently owned by institutional investors.

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.