Installed Building Products (NYSE:IBP) Sees Large Volume Increase – Should You Buy?

Installed Building Products, Inc. (NYSE:IBP) saw unusually-strong trading volume on Wednesday . Approximately 713,766 shares were traded during trading, an increase of 117% from the previous session’s volume of 328,699 shares.The stock last traded at $171.75 and had previously closed at $170.99.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. StockNews.com upgraded Installed Building Products from a “hold” rating to a “buy” rating in a research note on Wednesday, February 19th. The Goldman Sachs Group dropped 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 report on Tuesday, January 14th. 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 note on Friday, November 8th. Royal Bank of Canada downgraded Installed Building Products from a “sector perform” rating to an “underperform” rating and cut their price objective for the stock from $203.00 to $197.00 in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of Installed Building Products from $236.00 to $241.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Two research 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. Based on data from MarketBeat.com, Installed Building Products currently has an average rating of “Hold” and an average price target of $240.40.

Installed Building Products Price Performance

The company has a current ratio of 2.99, a quick ratio of 2.50 and a debt-to-equity ratio of 1.18. The firm has a market cap of $4.84 billion, a P/E ratio of 19.11 and a beta of 1.99. The company has a fifty day moving average price of $183.67 and a two-hundred day moving average price of $209.45.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Creative Planning raised its position in Installed Building Products by 39.6% during the third quarter. Creative Planning now owns 7,712 shares of the construction company’s stock worth $1,899,000 after acquiring an additional 2,187 shares in the last quarter. Hennion & Walsh Asset Management Inc. acquired a new position in shares of Installed Building Products during the 3rd quarter worth approximately $257,000. Arkadios Wealth Advisors grew its position in Installed Building Products by 33.5% during the third quarter. Arkadios Wealth Advisors now owns 3,398 shares of the construction company’s stock worth $837,000 after buying an additional 853 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Installed Building Products in the 3rd quarter valued at $414,000. Finally, GHP Investment Advisors Inc. grew its holdings in shares of Installed Building Products by 185.7% during the 3rd quarter. GHP Investment Advisors Inc. now owns 120 shares of the construction company’s stock worth $30,000 after purchasing an additional 78 shares in the last quarter. 99.61% of the stock is owned by institutional investors and hedge funds.

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.