Installed Building Products, Inc. (NYSE:IBP) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Installed Building Products, Inc. (NYSE:IBP) have received an average recommendation of “Moderate Buy” from the twelve ratings firms that are currently covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is $208.40.

Several research firms have weighed in on IBP. The Goldman Sachs Group restated a “buy” rating on shares of Installed Building Products in a research report on Thursday, February 1st. Loop Capital upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. JPMorgan Chase & Co. cut shares of Installed Building Products from an “overweight” rating to a “neutral” rating and raised their price objective for the company from $199.00 to $242.00 in a research report on Wednesday, February 28th. DA Davidson started coverage on shares of Installed Building Products in a research report on Tuesday, March 5th. They set a “buy” rating and a $275.00 price target for the company. Finally, Truist Financial lifted their price target on shares of Installed Building Products from $200.00 to $235.00 and gave the stock a “hold” rating in a research report on Friday, February 23rd.

Insider Buying and Selling

In related news, COO Brad A. Wheeler sold 1,119 shares of Installed Building Products stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $244.22, for a total transaction of $273,282.18. Following the transaction, the chief operating officer now owns 6,679 shares of the company’s stock, valued at approximately $1,631,145.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, COO Brad A. Wheeler sold 1,119 shares of Installed Building Products stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $244.22, for a total transaction of $273,282.18. Following the transaction, the chief operating officer now owns 6,679 shares of the company’s stock, valued at approximately $1,631,145.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Todd R. Fry sold 500 shares of Installed Building Products stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $233.50, for a total transaction of $116,750.00. Following the transaction, the chief accounting officer now directly owns 7,176 shares in the company, valued at approximately $1,675,596. The disclosure for this sale can be found here. Insiders have sold 6,619 shares of company stock valued at $1,606,732 in the last 90 days. 16.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in Installed Building Products by 0.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 771,089 shares of the construction company’s stock valued at $140,974,000 after buying an additional 5,359 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in Installed Building Products by 37.6% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 655,219 shares of the construction company’s stock valued at $81,830,000 after buying an additional 179,004 shares in the last quarter. Van Berkom & Associates Inc. lifted its stake in Installed Building Products by 8.3% in the third quarter. Van Berkom & Associates Inc. now owns 498,670 shares of the construction company’s stock valued at $62,279,000 after buying an additional 38,299 shares in the last quarter. Giverny Capital Inc. lifted its stake in Installed Building Products by 5.2% in the fourth quarter. Giverny Capital Inc. now owns 455,426 shares of the construction company’s stock valued at $83,261,000 after buying an additional 22,528 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in Installed Building Products by 4.2% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 377,741 shares of the construction company’s stock valued at $69,058,000 after buying an additional 15,220 shares in the last quarter. Institutional investors own 99.61% of the company’s stock.

Installed Building Products Trading Up 6.5 %

Shares of Installed Building Products stock opened at $237.91 on Friday. The stock has a market capitalization of $6.77 billion, a P/E ratio of 27.63 and a beta of 1.89. The company has a quick ratio of 2.62, a current ratio of 3.09 and a debt-to-equity ratio of 1.26. The company has a 50-day simple moving average of $238.37 and a 200 day simple moving average of $187.21. Installed Building Products has a 12-month low of $103.50 and a 12-month high of $263.76.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings data on Thursday, February 22nd. The construction company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.42 by $0.03. The firm had revenue of $720.70 million during the quarter, compared to analysts’ expectations of $688.59 million. Installed Building Products had a net margin of 8.77% and a return on equity of 47.18%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.34 EPS. Research analysts expect that Installed Building Products will post 11.2 earnings per share for the current fiscal year.

Installed Building Products Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Sunday, March 31st. Investors of record on Friday, March 15th were paid a dividend of $1.60 per share. This is a positive change from Installed Building Products’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $6.40 annualized dividend and a yield of 2.69%. Installed Building Products’s dividend payout ratio (DPR) is presently 16.26%.

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.