Installed Building Products, Inc. (NYSE:IBP - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $234.71, but opened at $222.82. Installed Building Products shares last traded at $218.99, with a volume of 19,396 shares.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. Stephens restated an "equal weight" rating and issued a $240.00 target price on shares of Installed Building Products in a report on Monday, August 5th. The Goldman Sachs Group upped their price objective on shares of Installed Building Products from $260.00 to $295.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Jefferies Financial Group lifted their target price on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. StockNews.com upgraded shares of Installed Building Products from a "hold" rating to a "buy" rating in a report on Tuesday, October 22nd. Finally, Truist Financial lifted their price objective on Installed Building Products from $235.00 to $240.00 and gave the stock a "hold" rating in a research note on Friday, August 2nd. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Installed Building Products currently has a consensus rating of "Moderate Buy" and an average price target of $254.40.
Check Out Our Latest Stock Analysis on IBP
Installed Building Products Trading Down 8.3 %
The business's 50 day moving average price is $231.48 and its 200-day moving average price is $225.84. The company has a market cap of $6.13 billion, a price-to-earnings ratio of 24.61 and a beta of 1.94. The company has a debt-to-equity ratio of 1.24, a quick ratio of 2.59 and a current ratio of 3.08.
Installed Building Products (NYSE:IBP - Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The construction company reported $2.90 EPS for the quarter, topping analysts' consensus estimates of $2.77 by $0.13. Installed Building Products had a net margin of 8.89% and a return on equity of 44.93%. The firm had revenue of $737.60 million during the quarter, compared to analysts' expectations of $743.86 million. On average, research analysts forecast that Installed Building Products, Inc. will post 11.06 EPS for the current year.
Installed Building Products Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Sunday, September 15th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.40 dividend on an annualized basis and a yield of 0.65%. Installed Building Products's dividend payout ratio (DPR) is presently 15.84%.
Institutional Trading of Installed Building Products
Several large investors have recently made changes to their positions in the business. Swedbank AB bought a new position in Installed Building Products in the 1st quarter valued at $96,248,000. Price T Rowe Associates Inc. MD boosted its holdings in Installed Building Products by 1,328.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 197,526 shares of the construction company's stock valued at $51,107,000 after acquiring an additional 183,696 shares during the last quarter. Millennium Management LLC increased its position in Installed Building Products by 395.3% in the second quarter. Millennium Management LLC now owns 143,166 shares of the construction company's stock worth $29,446,000 after purchasing an additional 114,259 shares during the period. Renaissance Technologies LLC raised its holdings in Installed Building Products by 2,912.0% during the 2nd quarter. Renaissance Technologies LLC now owns 75,300 shares of the construction company's stock worth $15,488,000 after purchasing an additional 72,800 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp acquired a new position in Installed Building Products during the 1st quarter valued at about $17,806,000. 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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