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

Installed Building Products (NYSE:IBP) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued on Wednesday.

Other equities 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 price objective for the company from $203.00 to $197.00 in a report on Friday, November 8th. The Goldman Sachs Group cut their price target 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. JPMorgan Chase & Co. lifted their price objective on shares of Installed Building Products from $236.00 to $241.00 and gave the stock a “neutral” rating in a research note on Friday, November 22nd. 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 report on Friday, November 8th. Finally, Seaport Res Ptn cut Installed Building Products from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $240.40.

Installed Building Products Stock Up 0.4 %

Shares of IBP stock opened at $171.65 on Wednesday. The stock’s fifty day moving average price is $185.35 and its 200 day moving average price is $210.57. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.99 and a quick ratio of 2.50. Installed Building Products has a 1-year low of $167.24 and a 1-year high of $281.04. The company has a market cap of $4.83 billion, a price-to-earnings ratio of 19.07 and a beta of 1.99.

Hedge Funds Weigh In On Installed Building Products

Institutional investors have recently modified their holdings of the stock. Arizona State Retirement System grew its holdings in Installed Building Products by 0.8% during the fourth quarter. Arizona State Retirement System now owns 6,966 shares of the construction company’s stock worth $1,221,000 after acquiring an additional 56 shares during the period. McIlrath & Eck LLC grew its stake in shares of Installed Building Products by 32.3% during the 4th quarter. McIlrath & Eck LLC now owns 250 shares of the construction company’s stock worth $44,000 after purchasing an additional 61 shares during the period. Dana Investment Advisors Inc. increased its holdings in shares of Installed Building Products by 0.9% during the 4th quarter. Dana Investment Advisors Inc. now owns 7,778 shares of the construction company’s stock valued at $1,363,000 after purchasing an additional 71 shares in the last quarter. State of Wyoming lifted its stake in shares of Installed Building Products by 10.1% in the 4th quarter. State of Wyoming now owns 840 shares of the construction company’s stock valued at $147,000 after purchasing an additional 77 shares during the period. Finally, GHP Investment Advisors Inc. boosted its holdings in 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. Hedge funds and other 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.