StockNews.com Downgrades Installed Building Products (NYSE:IBP) to Hold

Installed Building Products (NYSE:IBP) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.

Several other analysts have also recently commented on IBP. Evercore ISI cut shares of Installed Building Products from an “outperform” rating to an “underperform” rating and dropped their target price for the company from $238.00 to $206.00 in a research report on Monday, December 16th. DA Davidson cut their target price on Installed Building Products from $275.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. JPMorgan Chase & Co. raised their target price on Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a report on Friday, November 22nd. Seaport Res Ptn cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 13th. Finally, Jefferies Financial Group lifted their price objective on shares of Installed Building Products from $240.00 to $252.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Installed Building Products has an average rating of “Hold” and a consensus target price of $240.40.

Installed Building Products Trading Up 2.4 %

Shares of IBP traded up $4.74 on Thursday, reaching $199.20. 357,531 shares of the company’s stock were exchanged, compared to its average volume of 272,373. The business has a 50 day moving average price of $197.66 and a two-hundred day moving average price of $217.91. Installed Building Products has a 12 month low of $169.02 and a 12 month high of $281.04. The stock has a market capitalization of $5.61 billion, a P/E ratio of 22.13 and a beta of 1.98. The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18.

Institutional Investors Weigh In On Installed Building Products

Hedge funds and other institutional investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC bought a new position in Installed Building Products during the 3rd quarter worth about $29,000. GHP Investment Advisors Inc. grew its holdings in shares of Installed Building Products by 185.7% during the third quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after buying an additional 78 shares in the last quarter. Advisors Asset Management Inc. raised its position in Installed Building Products by 152.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 232 shares of the construction company’s stock valued at $57,000 after buying an additional 140 shares during the last quarter. Quarry LP raised its position in Installed Building Products by 953.3% in the 3rd quarter. Quarry LP now owns 316 shares of the construction company’s stock valued at $78,000 after buying an additional 286 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new stake in Installed Building Products in the 3rd quarter valued at approximately $111,000. 99.61% of the stock is currently owned by institutional investors and hedge funds.

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 United States. It operates through Installation, Distribution, and Manufacturing operation segments.