The Goldman Sachs Group Cuts Installed Building Products (NYSE:IBP) Price Target to $285.00

Installed Building Products (NYSE:IBP) had its price target decreased by The Goldman Sachs Group from $331.00 to $285.00 in a report issued on Friday,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the construction company’s stock.

IBP has been the topic of a number of other research reports. Wall Street Zen cut Installed Building Products from a “buy” rating to a “hold” rating in a research report on Sunday, March 29th. Evercore set a $226.00 target price on Installed Building Products in a research report on Friday. DA Davidson lifted their target price on Installed Building Products from $252.00 to $270.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 18th. Wells Fargo & Company cut their target price on Installed Building Products from $285.00 to $250.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Zacks Research cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 16th. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $253.00.

Installed Building Products Stock Down 0.1%

Installed Building Products stock opened at $219.86 on Friday. Installed Building Products has a 1-year low of $150.83 and a 1-year high of $349.00. The company has a debt-to-equity ratio of 1.56, a current ratio of 3.35 and a quick ratio of 2.76. The stock has a market cap of $5.92 billion, a PE ratio of 23.44, a P/E/G ratio of 3.05 and a beta of 1.84. The stock’s fifty day moving average is $287.19 and its two-hundred day moving average is $283.19.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings results on Thursday, May 7th. The construction company reported $1.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.17). Installed Building Products had a net margin of 8.65% and a return on equity of 42.28%. The business had revenue of $660.50 million during the quarter, compared to analyst estimates of $668.92 million. During the same quarter in the prior year, the business earned $2.08 earnings per share. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. On average, sell-side analysts expect that Installed Building Products will post 10.81 EPS for the current fiscal year.

Installed Building Products Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, June 15th. Installed Building Products’s payout ratio is 16.63%.

Insider Activity

In related news, Director Janet E. Jackson sold 1,410 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $293.31, for a total value of $413,567.10. Following the transaction, the director owned 5,373 shares in the company, valued at $1,575,954.63. The trade was a 20.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey W. Edwards sold 400,000 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $314.06, for a total value of $125,624,000.00. Following the completion of the transaction, the chief executive officer owned 1,727,819 shares in the company, valued at $542,638,835.14. This trade represents a 18.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 13.80% of the company’s stock.

Hedge Funds Weigh In On Installed Building Products

Several institutional investors have recently added to or reduced their stakes in IBP. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Installed Building Products by 3.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,130 shares of the construction company’s stock valued at $2,423,000 after acquiring an additional 486 shares during the period. United Services Automobile Association acquired a new position in Installed Building Products in the 1st quarter valued at about $263,000. Jane Street Group LLC increased its position in Installed Building Products by 270.0% in the 1st quarter. Jane Street Group LLC now owns 17,192 shares of the construction company’s stock valued at $2,948,000 after acquiring an additional 12,545 shares during the period. Hsbc Holdings PLC increased its position in Installed Building Products by 5.9% in the 2nd quarter. Hsbc Holdings PLC now owns 1,643 shares of the construction company’s stock valued at $296,000 after acquiring an additional 92 shares during the period. Finally, Jump Financial LLC increased its position in Installed Building Products by 959.6% in the 2nd quarter. Jump Financial LLC now owns 18,109 shares of the construction company’s stock valued at $3,265,000 after acquiring an additional 16,400 shares during the period. Institutional investors and hedge funds own 99.61% of the company’s stock.

Key Headlines Impacting Installed Building Products

Here are the key news stories impacting Installed Building Products this week:

• Positive Sentiment: Goldman Sachs lowered its price target to $285 from $331 but kept a buy rating, still implying meaningful upside from current levels. Goldman Sachs lowers Installed Building Products target
• Neutral Sentiment: Wells Fargo cut its target to $250 from $285 and maintained an equal weight rating, signaling a more cautious but not outright bearish view. Wells Fargo lowers Installed Building Products target
• Neutral Sentiment: Stephens reduced its target to $240 from $300 and kept an equal weight rating, reflecting lower expectations after the quarter. Stephens lowers Installed Building Products target
• Negative Sentiment: IBP reported first-quarter adjusted EPS of $1.79, missing consensus, while revenue of $660.5 million also came in below estimates and declined 3.5% year over year. Installed Building Products first-quarter results
• Negative Sentiment: Several headlines highlighted that the earnings and revenue miss contributed to a sharp post-earnings selloff, reinforcing investor concern about near-term demand trends. IBP revenue miss and stock reaction

Installed Building Products Company Profile

Installed Building Products, Inc (NYSE: IBP) is a leading national installer of specialty building products serving the U.S. residential construction market. The company partners with homebuilders and contractors to deliver a comprehensive range of interior and exterior finishing services, including insulation, drywall finishing, protective coatings and basement waterproofing systems. By offering a single-source solution, Installed Building Products helps streamline project coordination and ensures consistent service quality across multiple trades.

Founded in 1977 and headquartered in Columbus, Ohio, Installed Building Products has expanded from a regional insulation installer into a nationwide platform operating in nearly every state.