Installed Building Products (NYSE:IBP) Upgraded at StockNews.com

StockNews.com upgraded shares of Installed Building Products (NYSE:IBP) from a hold rating to a buy rating in a report published on Wednesday.

A number of other equities research analysts also recently issued reports on the company. Evercore ISI downgraded Installed Building Products from an “outperform” rating to an “underperform” rating and reduced their price target for the stock from $238.00 to $206.00 in a research report on Monday, December 16th. Royal Bank of Canada cut Installed Building Products from a “sector perform” rating to an “underperform” rating and lowered their price target for the stock from $203.00 to $197.00 in a report on Friday, November 8th. JPMorgan Chase & Co. upped their price objective on Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. The Goldman Sachs Group decreased their target price on Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, DA Davidson dropped their target price on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $240.40.

Installed Building Products Price Performance

Shares of Installed Building Products stock opened at $165.23 on Wednesday. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 18.36 and a beta of 1.99. Installed Building Products has a twelve month low of $163.14 and a twelve month high of $281.04. The company has a 50-day simple moving average of $184.69 and a two-hundred day simple moving average of $210.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Arizona State Retirement System grew its holdings in Installed Building Products by 0.8% during the 4th quarter. Arizona State Retirement System now owns 6,966 shares of the construction company’s stock worth $1,221,000 after acquiring an additional 56 shares during the last quarter. McIlrath & Eck LLC lifted its holdings in shares of Installed Building Products by 32.3% during the fourth quarter. McIlrath & Eck LLC now owns 250 shares of the construction company’s stock worth $44,000 after purchasing an additional 61 shares during the period. Dana Investment Advisors Inc. grew its stake in shares of Installed Building Products by 0.9% in the fourth quarter. Dana Investment Advisors Inc. now owns 7,778 shares of the construction company’s stock worth $1,363,000 after purchasing an additional 71 shares during the last quarter. State of Wyoming increased its holdings in Installed Building Products by 10.1% in the fourth quarter. State of Wyoming now owns 840 shares of the construction company’s stock valued at $147,000 after purchasing an additional 77 shares during the period. Finally, GHP Investment Advisors Inc. increased its holdings in 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 purchasing an additional 78 shares during the period. 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.