Installed Building Products (NYSE:IBP) Earns “Equal Weight” Rating from Stephens

Stephens reissued their equal weight rating on shares of Installed Building Products (NYSE:IBP) in a research note issued to investors on Monday morning, Benzinga reports. They currently have a $240.00 price target on the construction company’s stock.

Other equities analysts have also recently issued reports about the stock. Royal Bank of Canada boosted their price target on shares of Installed Building Products from $201.00 to $203.00 and gave the company a sector perform rating in a report on Friday, August 2nd. Truist Financial boosted their price target 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. StockNews.com cut shares of Installed Building Products from a buy rating to a hold rating in a report on Wednesday, July 31st. Evercore ISI boosted their price target on shares of Installed Building Products from $274.00 to $282.00 and gave the company an outperform rating in a report on Monday, July 15th. Finally, Benchmark boosted their price target on shares of Installed Building Products from $250.00 to $270.00 and gave the company a buy rating in a report on Tuesday, May 14th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, Installed Building Products presently has an average rating of Hold and an average price target of $255.20.

Installed Building Products Price Performance

Shares of NYSE:IBP opened at $214.76 on Monday. The company’s fifty day moving average is $221.26 and its two-hundred day moving average is $225.50. The company has a quick ratio of 2.67, a current ratio of 3.08 and a debt-to-equity ratio of 1.24. Installed Building Products has a 12-month low of $106.01 and a 12-month high of $281.04. The company has a market cap of $6.11 billion, a P/E ratio of 24.29 and a beta of 1.93.

Installed Building Products (NYSE:IBP) last announced its earnings results on Thursday, May 9th. The construction company reported $2.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.29. Installed Building Products had a net margin of 8.89% and a return on equity of 44.93%. The company had revenue of $692.90 million for the quarter, compared to the consensus estimate of $676.60 million. Equities analysts expect that Installed Building Products will post 11.2 earnings per share for the current fiscal year.

Installed Building Products Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Sunday, September 15th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Friday, September 13th. Installed Building Products’s dividend payout ratio (DPR) is 15.84%.

Insider Buying and Selling at Installed Building Products

In other Installed Building Products news, insider Jason R. Niswonger sold 6,000 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $229.84, for a total transaction of $1,379,040.00. Following the completion of the sale, the insider now directly owns 13,159 shares in the company, valued at $3,024,464.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Installed Building Products news, insider Jason R. Niswonger sold 6,000 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $229.84, for a total transaction of $1,379,040.00. Following the completion of the sale, the insider now directly owns 13,159 shares in the company, valued at $3,024,464.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Janet E. Jackson sold 2,122 shares of the company’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $211.65, for a total transaction of $449,121.30. Following the sale, the director now owns 7,046 shares of the company’s stock, valued at $1,491,285.90. The disclosure for this sale can be found here. Corporate insiders own 16.50% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC acquired a new position in shares of Installed Building Products during the first quarter valued at about $29,000. Russell Investments Group Ltd. raised its position in shares of Installed Building Products by 280.6% during the fourth quarter. Russell Investments Group Ltd. now owns 137 shares of the construction company’s stock valued at $25,000 after buying an additional 101 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of Installed Building Products during the fourth quarter valued at about $25,000. Hexagon Capital Partners LLC raised its position in shares of Installed Building Products by 253.7% during the fourth quarter. Hexagon Capital Partners LLC now owns 145 shares of the construction company’s stock valued at $27,000 after buying an additional 104 shares during the last quarter. Finally, Annapolis Financial Services LLC raised its position in shares of Installed Building Products by 45.7% during the fourth quarter. Annapolis Financial Services LLC now owns 169 shares of the construction company’s stock valued at $31,000 after buying an additional 53 shares during the last quarter. Institutional investors and hedge funds 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.