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The brokerages gave Installed Building Products, Inc. (NYSE:IBP) an average recommendation of "Hold".


According to information provided by Bloomberg, the twelve brokerages that provide coverage for Installed Building Products, Inc. (NYSE: IBP) have assigned the stock a rating of “Hold” as a consensus recommendation for investors to hold their stakes. in the shares of the company. There was a recommendation to buy the stock, a recommendation to sell it and a recommendation to buy it. Still, the overall recommendation for the stock from research analysts was to “hold” it. The stock’s 1-year average price target among brokerages that have recently hedged it is $96.33 per share. This price target is set for the future.

Equity research professionals have released numerous reports on IBP stock in recent weeks.

Following the release of a research report on Oct. 12, Goldman Sachs Group assigned a “neutral” rating to the stock and lowered its price target for Installed Building Products stock from $108.00 to 95, $00. The report has been made public. The report further assigned a “neutral” price target for the stock. Deutsche Bank Aktiengesellschaft lowered the price target for Installed Building Products shares on November 7, and the announcement was made public in a research note released the same day. The previous price target of $92.00 has been revised down to $90.00. A report by on Nov. 25 indicated that the installed building products rating was downgraded from a “Strong Buy” recommendation to a “Buy” rating after the report was released. Credit Suisse Group revealed in a research note released on Thursday, October 20 that the price target it had previously set for Installed Building Products shares had been lowered to $98.00.
IBP stock began trading for the first time on Friday at an opening price of $85.60. Over the past 50 days, the company’s moving average was $84.25; in the last 200 days it was $87.66. The debt ratio is 1.82, the quick ratio is 2.50 and the current ratio is 2.50. There is no difference between the three ratios. Building products installed hit an all-time low of $69.44 during the company’s 52-week trading period, while hitting an all-time high of $140.72 during the same period. The company has a price-to-earnings ratio of 13.52, a beta value of 1.68, and a market capitalization of $2.45 billion.
Additionally, the company recently announced a quarterly dividend, which is expected to be distributed on the Saturday after December 31. Shareholders whose information is “registered” will be eligible to receive dividend payments on December 15 of $0.315 per share. On Wednesday 14 December, this dividend will be distributed to shareholders whose accounts will have been updated on the date of publication. This translates to a dividend payout of $1.26 and a yield of 1.47% when calculated annually. Installed Building Products currently has a dividend payout ratio (DPR), which is 19.91%.

Several influential shareholders in the company have been responsible for the recent course corrections that have been implemented. JPMorgan Chase & Co. achieved a 16.9% increase in the proportion of its building products owned and installed in the first three months of the year. JPMorgan Chase & Co. now owns 20,337 shares of the construction company, with a combined value of $1,718,000. This results from the company purchasing an additional 2,940 shares during the period in question. The Tennessee State Treasury Department added 17.9% more installed building products to its holdings in the first three months of the year. Following the purchase of 1,295 additional shares of the construction company during the previous quarter, the Tennessee State Treasury Department now owns 8,547 shares of the construction company, which together have a total value of $722,000. The percentage of installed building products held by Natixis Advisors LP increased by 0.6% in the first three months of the year, thanks to the company’s expansion efforts. Natixis Advisors LP acquired ownership of a total of 44,856 shares of the construction company, which have a value of $3,790,000. During the quarter, an additional 263 shares were purchased, successfully achieving this goal. The Bank of Montreal increased its holdings of installed building products by 2.6% in the first three months of the year. The additional purchase of 209 shares in the last quarter brought the total number of shares held by Bank of Montreal in the construction company’s shares to 8,295. These shares have a combined market value of $730,000 since their acquisition. MetLife Investment Management LLC’s investment in Installed Building Products grew 51.7% in the first three months of the year due to the company’s increased allocation to the asset class . After making additional purchases during the quarter, MetLife Investment Management LLC now owns 12,596 shares of the construction company, valued at $1,064,000. During the quarter, these shares were acquired. Institutional investors and hedge funds own the remaining 77.90% of the company’s shares.

Installed Building Products, Inc. and its affiliates provide installation services for various products throughout the contiguous United States. These services are offered by Installed Building Products, Inc. Insulation, waterproofing, firestopping, fireproofing, garage doors, gutters, window coverings, shower doors, mirrors, etc. are some of the services that are provided here. In addition to providing customers with cellulose and fiberglass insulation materials, the company also offers customers a selection of spray foam insulation solutions.



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