Installed Building Products, Inc. (NYSE:IBP) Receives $255.20 Average Price Target from Analysts

Shares of Installed Building Products, Inc. (NYSE:IBP - Get Free Report) have received an average recommendation of "Moderate Buy" from the ten brokerages that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $255.20.

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. decreased their price target on shares of Installed Building Products from $242.00 to $227.00 and set a "neutral" rating for the company in a research report on Monday, May 13th. The Goldman Sachs Group increased their price objective on shares of Installed Building Products from $260.00 to $295.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Jefferies Financial Group raised their price target on shares of Installed Building Products from $239.00 to $250.00 and gave the company a "hold" rating in a research note on Wednesday, July 17th. Loop Capital raised their price target on shares of Installed Building Products from $250.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, May 10th. Finally, Truist Financial increased their price objective on shares of Installed Building Products from $235.00 to $240.00 and gave the company a "hold" rating in a report on Friday, August 2nd.

Installed Building Products Trading Down 1.2 %

IBP traded down $2.66 during trading on Thursday, hitting $217.72. The company's stock had a trading volume of 199,959 shares, compared to its average volume of 302,004. The firm's 50 day moving average price is $221.12 and its 200-day moving average price is $226.75. The company has a debt-to-equity ratio of 1.24, a current ratio of 3.08 and a quick ratio of 2.67. The stock has a market cap of $6.19 billion, a PE ratio of 24.75 and a beta of 1.93. Installed Building Products has a twelve month low of $106.01 and a twelve month high of $281.04.

Installed Building Products Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Sunday, September 15th will be issued a $0.35 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.40 annualized dividend and a yield of 0.64%. Installed Building Products's dividend payout ratio is currently 15.84%.

Institutional Investors Weigh In On Installed Building Products

Several large investors have recently made changes to their positions in the stock. Diversified Trust Co grew its position in Installed Building Products by 2.3% in the second quarter. Diversified Trust Co now owns 2,021 shares of the construction company's stock valued at $416,000 after purchasing an additional 46 shares in the last quarter. Quarry LP grew its position in Installed Building Products by 37.5% in the fourth quarter. Quarry LP now owns 209 shares of the construction company's stock valued at $38,000 after purchasing an additional 57 shares in the last quarter. CWM LLC grew its position in Installed Building Products by 32.1% in the second quarter. CWM LLC now owns 255 shares of the construction company's stock valued at $52,000 after purchasing an additional 62 shares in the last quarter. Arkadios Wealth Advisors grew its position in Installed Building Products by 2.5% in the second quarter. Arkadios Wealth Advisors now owns 2,545 shares of the construction company's stock valued at $523,000 after purchasing an additional 63 shares in the last quarter. Finally, Xponance Inc. lifted its stake in Installed Building Products by 5.3% in the second quarter. Xponance Inc. now owns 1,519 shares of the construction company's stock valued at $312,000 after acquiring an additional 76 shares during the last quarter. Institutional investors own 99.61% of the company's stock.

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.