Installed Building Products (NYSE:IBP) Upgraded at StockNews.com

StockNews.com upgraded shares of Installed Building Products (NYSE:IBP) from a hold rating to a buy rating in a research report released on Monday.

Other equities research analysts also recently issued research reports about the stock. Royal Bank of Canada downgraded shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and cut their target price for the stock from $203.00 to $197.00 in a research report on Friday, November 8th. JPMorgan Chase & Co. lifted their target price on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a research report on Friday, November 22nd. Evercore ISI downgraded shares of Installed Building Products from an “outperform” rating to an “underperform” rating and cut their target price for the stock from $238.00 to $206.00 in a research report on Monday, December 16th. DA Davidson cut their target price on shares of Installed Building Products from $275.00 to $260.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, The Goldman Sachs Group cut their target price on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Installed Building Products has an average rating of “Hold” and an average price target of $240.40.

Installed Building Products Price Performance

Shares of NYSE IBP opened at $178.14 on Monday. Installed Building Products has a twelve month low of $169.02 and a twelve month high of $281.04. The firm has a market cap of $5.01 billion, a P/E ratio of 19.79 and a beta of 1.99. The company has a 50 day moving average of $189.71 and a 200 day moving average of $213.61. The company has a quick ratio of 2.50, a current ratio of 2.99 and a debt-to-equity ratio of 1.18.

Institutional Investors Weigh In On Installed Building Products

A number of hedge funds have recently modified their holdings of the business. Trexquant Investment LP bought a new stake in shares of Installed Building Products during the 4th quarter valued at $2,742,000. Headlands Technologies LLC lifted its stake in shares of Installed Building Products by 819.0% during the 4th quarter. Headlands Technologies LLC now owns 726 shares of the construction company’s stock valued at $127,000 after buying an additional 647 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Installed Building Products by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 633,556 shares of the construction company’s stock valued at $111,053,000 after buying an additional 10,553 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of Installed Building Products by 1,944.3% during the 4th quarter. National Bank of Canada FI now owns 1,431 shares of the construction company’s stock valued at $251,000 after buying an additional 1,361 shares in the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Installed Building Products by 3.7% during the 4th quarter. Franklin Resources Inc. now owns 200,866 shares of the construction company’s stock valued at $35,202,000 after buying an additional 7,100 shares in the last quarter. Institutional investors own 99.61% of the company’s stock.

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