Installed Building Products (NYSE:IBP) Stock Moved Down to Strong Sell by Zacks Research

Installed Building Products (NYSE:IBP) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday, Zacks reports.

Several other analysts have also commented on IBP. Melius Research started coverage on shares of Installed Building Products in a research note on Tuesday, October 6th. They set a “hold” rating and a $217.00 target price for the company. Weiss Ratings restated a “hold (c)” rating on shares of Installed Building Products in a report on Tuesday, August 18th. The Goldman Sachs Group restated a “buy” rating and issued a $261.00 price target on shares of Installed Building Products in a research report on Friday, November 6th. Royal Bank Of Canada dropped their price target on Installed Building Products from $208.00 to $194.00 and set a “sector perform” rating on the stock in a report on Friday, November 6th. Finally, Evercore set a $222.00 price target on Installed Building Products in a report on Friday, September 25th. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $229.83.

Installed Building Products Price Performance

Shares of Installed Building Products stock opened at $209.82 on Tuesday. The company has a current ratio of 3.12, a quick ratio of 2.54 and a debt-to-equity ratio of 1.47. The company’s 50-day moving average price is $203.03 and its two-hundred day moving average price is $244.07. Installed Building Products has a 52 week low of $176.15 and a 52 week high of $349.00. The stock has a market cap of $5.58 billion, a PE ratio of 21.08, a price-to-earnings-growth ratio of 10.55 and a beta of 1.65.

Installed Building Products (NYSE:IBP) last posted its quarterly earnings data on Thursday, November 5th. The construction company reported $2.76 earnings per share for the quarter, missing the consensus estimate of $2.83 by ($0.07). The business had revenue of $808.40 million for the quarter, compared to the consensus estimate of $787.70 million. Installed Building Products had a net margin of 7.87% and a return on equity of 39.86%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $3.18 EPS. As a group, sell-side analysts anticipate that Installed Building Products will post 9.54 EPS for the current fiscal year.

Insider Transactions at Installed Building Products

In other Installed Building Products news, Director Janet Jackson sold 1,086 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $237.06, for a total transaction of $257,447.16. Following the completion of the sale, the director directly owned 5,142 shares of the company’s stock, valued at approximately $1,218,962.52. This represents a 17.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 13.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in IBP. Advisors Asset Management Inc. acquired a new stake in shares of Installed Building Products during the third quarter valued at approximately $1,197,000. GW&K Investment Management LLC acquired a new position in Installed Building Products in the 3rd quarter worth approximately $3,475,000. Boston Partners acquired a new position in Installed Building Products in the 3rd quarter worth approximately $25,610,000. Stephens Investment Management Group LLC grew its position in Installed Building Products by 1.6% during the 3rd quarter. Stephens Investment Management Group LLC now owns 178,028 shares of the construction company’s stock worth $34,160,000 after purchasing an additional 2,757 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in Installed Building Products by 38.6% during the 3rd quarter. HighTower Advisors LLC now owns 1,665 shares of the construction company’s stock worth $319,000 after purchasing an additional 464 shares in the last quarter. 99.61% of the stock is owned by hedge funds and other institutional investors.

Installed Building Products Company Profile

Installed Building Products, Inc. is a U.S. building-products installation company headquartered in Columbus, Ohio. Founded in 1977, the company serves residential builders, commercial contractors, and homeowners through a network of local operating businesses across the United States. The company’s core business is installing insulation in new construction and existing buildings. Its offerings include fiberglass, cellulose, and spray-foam insulation, along with related weatherization services. Installed Building Products also installs complementary products such as garage doors, rain gutters, shower doors, and closet shelving.