Installed Building Products (NYSE:IBP) Price Target Cut to $225.00 by Analysts at DA Davidson

Installed Building Products (NYSE:IBP) had its target price decreased by DA Davidson from $260.00 to $225.00 in a report issued on Friday,Benzinga reports. DA Davidson currently has a buy rating on the construction company’s stock. DA Davidson also issued estimates for Installed Building Products’ Q1 2025 earnings at $2.05 EPS.

Several other research firms have also commented on IBP. JPMorgan Chase & Co. raised their price target on shares of Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a report on Friday, November 22nd. The Goldman Sachs Group dropped their price objective on shares of Installed Building Products from $262.00 to $228.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Evercore ISI lowered shares of Installed Building Products from an “outperform” rating to an “underperform” rating and dropped their price objective for the company from $238.00 to $206.00 in a research note on Monday, December 16th. StockNews.com upgraded shares of Installed Building Products from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Royal Bank of Canada lowered shares of Installed Building Products from a “sector perform” rating to an “underperform” rating and dropped their price objective for the company from $203.00 to $197.00 in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $236.90.

Installed Building Products Trading Up 0.8 %

NYSE IBP opened at $171.46 on Friday. Installed Building Products has a one year low of $162.20 and a one year high of $281.04. The company’s 50 day moving average price is $183.34 and its 200 day moving average price is $208.92. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.50 and a current ratio of 2.99. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 19.05 and a beta of 1.99.

Installed Building Products Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.86%. This is an increase from Installed Building Products’s previous quarterly dividend of $0.35. Installed Building Products’s dividend payout ratio (DPR) is presently 15.56%.

Institutional Trading of Installed Building Products

A number of hedge funds have recently made changes to their positions in IBP. Teachers Retirement System of The State of Kentucky boosted its holdings in Installed Building Products by 121.1% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 16,094 shares of the construction company’s stock worth $3,963,000 after purchasing an additional 8,815 shares during the period. Summit Partners Public Asset Management LLC acquired a new position in Installed Building Products in the third quarter worth $54,499,000. Natixis Advisors LLC boosted its holdings in Installed Building Products by 6.4% in the third quarter. Natixis Advisors LLC now owns 74,252 shares of the construction company’s stock worth $18,286,000 after purchasing an additional 4,451 shares during the period. Citigroup Inc. boosted its holdings in Installed Building Products by 54.0% in the third quarter. Citigroup Inc. now owns 47,235 shares of the construction company’s stock worth $11,633,000 after purchasing an additional 16,569 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in Installed Building Products by 3.9% in the third quarter. Geode Capital Management LLC now owns 623,003 shares of the construction company’s stock worth $153,452,000 after purchasing an additional 23,179 shares during the period. Institutional investors and hedge funds own 99.61% 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 United States. It operates through Installation, Distribution, and Manufacturing operation segments.