Brokerages Set Installed Building Products, Inc. (NYSE:IBP) Price Target at $254.40

Installed Building Products, Inc. (NYSE:IBP - Get Free Report) has been given a consensus rating of "Moderate Buy" by the ten brokerages that are currently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $254.40.

A number of research firms have issued reports on IBP. Royal Bank of Canada increased their target price on shares of Installed Building Products from $201.00 to $203.00 and gave the stock a "sector perform" rating in a report on Friday, August 2nd. The Goldman Sachs Group increased their price objective on shares of Installed Building Products from $260.00 to $295.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. 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 research report on Friday, August 2nd. Stephens reissued an "equal weight" rating and issued a $240.00 price objective on shares of Installed Building Products in a research report on Monday, August 5th. Finally, Evercore ISI increased their price objective on shares of Installed Building Products from $271.00 to $272.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th.

Installed Building Products Stock Up 5.2 %

Installed Building Products stock traded up $11.49 during mid-day trading on Tuesday, reaching $232.56. 387,616 shares of the company's stock were exchanged, compared to its average volume of 289,354. The company has a market cap of $6.57 billion, a P/E ratio of 25.95 and a beta of 1.95. Installed Building Products has a twelve month low of $115.25 and a twelve month high of $281.04. The company has a quick ratio of 2.59, a current ratio of 3.08 and a debt-to-equity ratio of 1.24. The company has a fifty day moving average of $231.26 and a 200-day moving average of $225.46.

Institutional Trading of Installed Building Products

Several institutional investors and hedge funds have recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new position in shares of Installed Building Products in the first quarter valued at approximately $29,000. V Square Quantitative Management LLC acquired a new position in shares of Installed Building Products in the third quarter valued at approximately $29,000. GHP Investment Advisors Inc. raised its position in shares of Installed Building Products by 185.7% in the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company's stock valued at $30,000 after buying an additional 78 shares during the last quarter. CWM LLC raised its position in shares of 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 buying an additional 62 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Installed Building Products in the first quarter valued at approximately $68,000. Hedge funds and other 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.