Installed Building Products (NYSE:IBP) Raised to "Buy" at StockNews.com

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

A number of other brokerages also recently weighed in on IBP. Seaport Res Ptn downgraded Installed Building Products from a "strong-buy" rating to a "hold" rating in a report on Friday, December 13th. JPMorgan Chase & Co. raised their target price on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a "neutral" rating in a report on Friday, November 22nd. Royal Bank of Canada downgraded shares of Installed Building Products from a "sector perform" rating to an "underperform" rating and dropped their price target for the stock from $203.00 to $197.00 in a research note on Friday, November 8th. DA Davidson reduced their price objective 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. Finally, Jefferies Financial Group increased their price target on Installed Building Products from $240.00 to $252.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Installed Building Products has a consensus rating of "Hold" and an average target price of $247.10.

Installed Building Products Stock Up 0.2 %

IBP traded up $0.31 during trading hours on Wednesday, reaching $192.41. 10,953 shares of the stock traded hands, compared to its average volume of 290,047. Installed Building Products has a fifty-two week low of $168.08 and a fifty-two week high of $281.04. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. The company has a market cap of $5.41 billion, a price-to-earnings ratio of 21.33 and a beta of 1.93. The firm's fifty day simple moving average is $221.99 and its two-hundred day simple moving average is $222.73.

Institutional Investors Weigh In On Installed Building Products

Several institutional investors and hedge funds have recently added to or reduced their stakes in IBP. CWM LLC increased its stake in Installed Building Products by 32.1% in the 2nd quarter. CWM LLC now owns 255 shares of the construction company's stock worth $52,000 after acquiring an additional 62 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Installed Building Products by 14.8% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,618 shares of the construction company's stock valued at $333,000 after purchasing an additional 209 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Installed Building Products by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 11,800 shares of the construction company's stock worth $2,427,000 after purchasing an additional 200 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of Installed Building Products by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 226,428 shares of the construction company's stock valued at $46,572,000 after buying an additional 4,943 shares during the last quarter. Finally, Shaker Investments LLC OH raised its position in Installed Building Products by 1.3% in the 2nd quarter. Shaker Investments LLC OH now owns 9,465 shares of the construction company's stock worth $1,947,000 after buying an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 99.61% of the company's stock.

Installed Building Products Company Profile

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.