Installed Building Products (NYSE:IBP - Free Report) had its price objective trimmed by Loop Capital from $230.00 to $215.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the construction company's stock.
Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. raised their price target on Installed Building Products from $236.00 to $241.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. The Goldman Sachs Group cut their price objective on Installed Building Products from $262.00 to $228.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. StockNews.com lowered Installed Building Products from a "buy" rating to a "hold" rating in a research note on Friday, February 28th. Seaport Res Ptn lowered Installed Building Products from a "strong-buy" rating to a "hold" rating in a research note on Friday, December 13th. Finally, DA Davidson decreased their price target on Installed Building Products from $260.00 to $225.00 and set a "buy" rating on the stock in a research note on Friday, February 28th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Installed Building Products presently has a consensus rating of "Hold" and a consensus target price of $219.40.
View Our Latest Analysis on Installed Building Products
Installed Building Products Stock Performance
Installed Building Products stock traded up $3.23 during midday trading on Tuesday, hitting $177.19. The stock had a trading volume of 416,181 shares, compared to its average volume of 381,120. 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 has a 52-week low of $159.76 and a 52-week high of $281.04. The firm's fifty day moving average is $182.58 and its two-hundred day moving average is $207.28. The company has a market capitalization of $4.92 billion, a PE ratio of 19.69 and a beta of 2.05.
Installed Building Products Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.37 per share. This is an increase from Installed Building Products's previous quarterly dividend of $0.35. The ex-dividend date is Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 0.84%. Installed Building Products's dividend payout ratio is 16.26%.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Curio Wealth LLC purchased a new position in shares of Installed Building Products in the 4th quarter valued at about $30,000. McIlrath & Eck LLC increased its holdings in shares of Installed Building Products by 32.3% in the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company's stock valued at $44,000 after acquiring an additional 61 shares during the last quarter. Advisors Asset Management Inc. increased its holdings 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 valued at $57,000 after acquiring an additional 140 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Installed Building Products by 295.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 364 shares of the construction company's stock valued at $64,000 after acquiring an additional 272 shares during the last quarter. Finally, Quarry LP increased its holdings in shares of Installed Building Products by 953.3% in the 3rd quarter. Quarry LP now owns 316 shares of the construction company's stock valued at $78,000 after acquiring an additional 286 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company's stock.
About Installed Building Products
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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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