Shares of Installed Building Products Inc (NYSE:IBP) have been given an average recommendation of “Hold” by the fourteen ratings firms that are presently covering the firm, MarketBeat.com reports. Eleven analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $47.18.
Several research analysts have recently weighed in on IBP shares. Jefferies Financial Group cut Installed Building Products from a “buy” rating to a “hold” rating and decreased their price target for the stock from $48.00 to $40.00 in a research note on Wednesday, January 16th. Royal Bank of Canada set a $50.00 price target on Installed Building Products and gave the stock a “hold” rating in a research note on Friday, May 3rd. ValuEngine upgraded Installed Building Products from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Zacks Investment Research cut Installed Building Products from a “hold” rating to a “sell” rating in a research note on Thursday, February 21st. Finally, Macquarie upgraded Installed Building Products from a “neutral” rating to an “outperform” rating and set a $45.65 price target for the company in a research note on Thursday, March 7th.
In related news, CEO Jeffrey W. Edwards sold 102,251 shares of the company’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $44.97, for a total transaction of $4,598,227.47. Following the completion of the sale, the chief executive officer now owns 124,323 shares in the company, valued at $5,590,805.31. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Jay P. Elliott sold 14,500 shares of the company’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $54.57, for a total value of $791,265.00. Following the sale, the chief operating officer now owns 45,529 shares of the company’s stock, valued at approximately $2,484,517.53. The disclosure for this sale can be found here. In the last quarter, insiders have sold 320,648 shares of company stock valued at $14,572,038. 25.20% of the stock is owned by company insiders.
Installed Building Products stock traded down $0.85 during mid-day trading on Thursday, hitting $54.87. The company had a trading volume of 5,535 shares, compared to its average volume of 197,386. The company has a current ratio of 2.24, a quick ratio of 1.91 and a debt-to-equity ratio of 2.44. Installed Building Products has a 12 month low of $29.24 and a 12 month high of $65.85. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 1.15 and a beta of 1.34.
Installed Building Products (NYSE:IBP) last released its earnings results on Thursday, May 2nd. The construction company reported $0.51 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.51. Installed Building Products had a return on equity of 41.94% and a net margin of 4.15%. The business had revenue of $342.14 million for the quarter, compared to the consensus estimate of $333.87 million. During the same period in the previous year, the company posted $0.45 earnings per share. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. On average, equities research analysts predict that Installed Building Products will post 2.94 EPS for the current year.
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 continental United States. It offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials.
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