Zacks Investment Research upgraded shares of Installed Building Products (NYSE:IBP) from a hold rating to a strong-buy rating in a research report report published on Thursday, Zacks.com reports. They currently have $81.00 price target on the construction company’s stock.

According to Zacks, “Installed Building Products, Inc. operates as a residential insulation installer in the United States. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors. It serves homebuilders, multi-family and commercial builders, individual homeowners, and repair and remodeling contractors. Installed Building Products, Inc. is headquartered in Columbus, Ohio. “

A number of other research analysts also recently weighed in on IBP. ValuEngine upgraded shares of Installed Building Products from a sell rating to a hold rating in a research report on Thursday, October 17th. SunTrust Banks upped their price objective on shares of Installed Building Products to $71.00 and gave the stock a hold rating in a research report on Monday, November 4th. Stephens upped their price objective on shares of Installed Building Products from $61.00 to $71.00 and gave the stock an equal weight rating in a research report on Tuesday, November 5th. Finally, Nomura upped their price objective on shares of Installed Building Products from $61.00 to $65.00 and gave the stock a neutral rating in a research report on Monday, November 4th. Seven research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $58.18.

NYSE IBP traded up $0.28 on Thursday, reaching $69.47. 119,863 shares of the company’s stock traded hands, compared to its average volume of 204,184. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 26.02, a P/E/G ratio of 1.49 and a beta of 1.17. The stock has a 50 day moving average price of $62.58 and a 200-day moving average price of $56.68. Installed Building Products has a fifty-two week low of $30.54 and a fifty-two week high of $76.60. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.85 and a current ratio of 2.69.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings data on Friday, November 1st. The construction company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.13. The business had revenue of $396.40 million during the quarter, compared to the consensus estimate of $385.46 million. Installed Building Products had a net margin of 4.47% and a return on equity of 45.94%. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.72 earnings per share. As a group, equities research analysts anticipate that Installed Building Products will post 3.03 EPS for the current fiscal year.

In related news, COO Jay P. Elliott sold 20,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $70.83, for a total transaction of $1,416,600.00. Following the completion of the transaction, the chief operating officer now owns 23,529 shares in the company, valued at approximately $1,666,559.07. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider William Jeffrey Hire sold 2,000 shares of the company’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $59.08, for a total transaction of $118,160.00. Following the transaction, the insider now owns 34,516 shares of the company’s stock, valued at approximately $2,039,205.28. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,000 shares of company stock valued at $4,532,760. Insiders own 25.20% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its stake in Installed Building Products by 273.2% during the 1st quarter. First Trust Advisors LP now owns 57,557 shares of the construction company’s stock valued at $2,792,000 after acquiring an additional 42,136 shares in the last quarter. Scout Investments Inc. grew its stake in Installed Building Products by 65.2% during the 2nd quarter. Scout Investments Inc. now owns 131,298 shares of the construction company’s stock valued at $7,775,000 after acquiring an additional 51,813 shares in the last quarter. Toth Financial Advisory Corp purchased a new stake in Installed Building Products during the 2nd quarter valued at about $305,000. First Quadrant L P CA grew its stake in Installed Building Products by 249.4% during the 2nd quarter. First Quadrant L P CA now owns 6,781 shares of the construction company’s stock valued at $402,000 after acquiring an additional 4,840 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in Installed Building Products by 0.9% during the 2nd quarter. Arizona State Retirement System now owns 32,589 shares of the construction company’s stock valued at $1,930,000 after acquiring an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 68.60% 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 continental United States. It offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials.

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