Installed Building Products (NYSE:IBP) had its price objective boosted by Stephens from $61.00 to $71.00 in a research report report published on Tuesday, Stock Target Advisor reports. Stephens currently has an equal weight rating on the construction company’s stock.
A number of other equities research analysts also recently weighed in on IBP. ValuEngine raised Installed Building Products from a sell rating to a hold rating in a report on Thursday, October 17th. SunTrust Banks lifted their price objective on Installed Building Products to $71.00 and gave the company a hold rating in a report on Monday, November 4th. Zacks Investment Research downgraded Installed Building Products from a buy rating to a hold rating in a report on Thursday, August 15th. Finally, Nomura lifted their price objective on Installed Building Products from $61.00 to $65.00 and gave the company a neutral rating in a report on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Installed Building Products has a consensus rating of Hold and a consensus price target of $58.18.
IBP stock opened at $69.47 on Tuesday. Installed Building Products has a twelve month low of $30.54 and a twelve month high of $76.60. The company has a market cap of $2.12 billion, a PE ratio of 26.02, a price-to-earnings-growth ratio of 1.49 and a beta of 1.17. The business’s 50-day simple moving average is $62.58 and its 200 day simple moving average is $56.68. The company has a quick ratio of 1.85, a current ratio of 2.69 and a debt-to-equity ratio of 2.52.
Installed Building Products (NYSE:IBP) last released its earnings results on Friday, November 1st. The construction company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.13. Installed Building Products had a return on equity of 45.94% and a net margin of 4.47%. The business had revenue of $396.40 million for the quarter, compared to the consensus estimate of $385.46 million. During the same period last year, the business earned $0.72 earnings per share. The firm’s revenue for the quarter was up 13.6% compared to the same quarter last year. On average, equities research analysts anticipate that Installed Building Products will post 3.03 EPS for the current year.
In other Installed Building Products news, insider William Jeffrey Hire sold 2,000 shares of Installed Building Products stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $59.08, for a total transaction of $118,160.00. Following the sale, the insider now directly owns 34,516 shares of the company’s stock, valued at $2,039,205.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jay P. Elliott sold 20,000 shares of Installed Building Products stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $70.83, for a total value of $1,416,600.00. Following the sale, the chief operating officer now directly owns 23,529 shares in the company, valued at $1,666,559.07. The disclosure for this sale can be found here. Insiders have sold 70,000 shares of company stock worth $4,532,760 over the last ninety days. Company insiders own 25.20% of the company’s stock.
Large investors have recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Installed Building Products in the third quarter valued at approximately $42,000. Tower Research Capital LLC TRC raised its stake in shares of Installed Building Products by 527.7% in the second quarter. Tower Research Capital LLC TRC now owns 1,588 shares of the construction company’s stock valued at $94,000 after acquiring an additional 1,335 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Installed Building Products in the third quarter valued at approximately $121,000. Bank of Montreal Can raised its stake in shares of Installed Building Products by 178.7% in the second quarter. Bank of Montreal Can now owns 2,954 shares of the construction company’s stock valued at $175,000 after acquiring an additional 1,894 shares during the last quarter. Finally, Nkcfo LLC bought a new position in shares of Installed Building Products in the third quarter valued at approximately $195,000. Institutional investors own 68.60% of the company’s stock.
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 continental United States. It offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials.
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