Jefferies Financial Group Raises Installed Building Products (NYSE:IBP) Price Target to $252.00

Installed Building Products (NYSE:IBP) had its price objective boosted by Jefferies Financial Group from $240.00 to $252.00 in a research note issued to investors on Wednesday morning, Benzinga reports. They currently have a hold rating on the construction company’s stock.

Several other equities analysts have also recently issued reports on the company. StockNews.com cut Installed Building Products from a buy rating to a hold rating in a research report on Friday, September 6th. Stephens restated an equal weight rating and issued a $240.00 target price on shares of Installed Building Products in a research note on Monday, August 5th. Truist Financial boosted their price target on shares of Installed Building Products from $235.00 to $240.00 and gave the stock a hold rating in a research note on Friday, August 2nd. Evercore ISI increased their price target on shares of Installed Building Products from $274.00 to $282.00 and gave the stock an outperform rating in a report on Monday, July 15th. Finally, The Goldman Sachs Group boosted their target price on Installed Building Products from $260.00 to $295.00 and gave the stock a buy rating in a research report on Friday, August 2nd. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $255.40.

Installed Building Products Trading Up 2.0 %

IBP opened at $238.67 on Wednesday. The company has a quick ratio of 2.59, a current ratio of 3.08 and a debt-to-equity ratio of 1.24. Installed Building Products has a 52 week low of $106.01 and a 52 week high of $281.04. The business’s 50 day moving average is $225.08 and its two-hundred day moving average is $227.13. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 27.00 and a beta of 1.94.

Installed Building Products (NYSE:IBP) last released its quarterly earnings results on Thursday, August 1st. The construction company reported $2.90 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $743.86 million. On average, research analysts predict that Installed Building Products will post 11.06 EPS for the current year.

Installed Building Products Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Sunday, September 15th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date was Friday, September 13th. Installed Building Products’s payout ratio is 15.84%.

Institutional Investors Weigh In On Installed Building Products

A number of institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of Installed Building Products during the 1st quarter worth $29,000. Quarry LP increased its position in Installed Building Products by 37.5% during the 4th quarter. Quarry LP now owns 209 shares of the construction company’s stock worth $38,000 after purchasing an additional 57 shares in the last quarter. C M Bidwell & Associates Ltd. raised its holdings in Installed Building Products by 1,393.8% in the fourth quarter. C M Bidwell & Associates Ltd. now owns 239 shares of the construction company’s stock valued at $44,000 after buying an additional 223 shares during the period. CWM LLC lifted its position in Installed Building Products by 32.1% during 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 in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its stake in Installed Building Products by 50.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 263 shares of the construction company’s stock worth $68,000 after buying an additional 88 shares during the period. 99.61% of the stock is currently owned by hedge funds and other institutional investors.

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.