The stock of Installed Building Products Inc (NYSE:IBP) reached all time high today, Nov, 30 and still has $44.67 target or 7.00% above today’s $41.75 share price. This indicates more upside for the $1.34 billion company. This technical setup was reported by Barchart.com. If the $44.67 PT is reached, the company will be worth $93.80M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 44,886 shares traded hands. Installed Building Products Inc (NYSE:IBP) has risen 52.55% since April 27, 2016 and is uptrending. It has outperformed by 47.32% the S&P500.
Analysts await Installed Building Products Inc (NYSE:IBP) to report earnings on March, 1. They expect $0.41 earnings per share, up 46.43% or $0.13 from last year’s $0.28 per share. IBP’s profit will be $13.16M for 25.46 P/E if the $0.41 EPS becomes a reality. After $0.37 actual earnings per share reported by Installed Building Products Inc for the previous quarter, Wall Street now forecasts 10.81% EPS growth.
Installed Building Products Inc (NYSE:IBP) Ratings Coverage
Out of 8 analysts covering Installed Building Products (NYSE:IBP), 6 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 75% are positive. Installed Building Products has been the topic of 10 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, July 30. The firm has “Buy” rating given on Tuesday, November 22 by Seaport Global Securities. The stock has “Overweight” rating given by Wood on Thursday, September 17. The stock of Installed Building Products Inc (NYSE:IBP) has “Outperform” rating given on Wednesday, November 16 by RBC Capital Markets. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, October 29. The rating was upgraded by SunTrust to “Buy” on Thursday, March 17. The firm earned “Hold” rating on Tuesday, April 5 by Zelman. As per Friday, August 14, the company rating was maintained by UBS. Deutsche Bank maintained Installed Building Products Inc (NYSE:IBP) rating on Friday, August 12. Deutsche Bank has “Buy” rating and $35 price target. The stock has “Sector Perform” rating given by KeyBanc Capital Markets on Wednesday, January 27.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 1.43 in 2016 Q2. Its down 0.28, from 1.71 in 2016Q1. The ratio worsened, as 11 funds sold all Installed Building Products Inc shares owned while 34 reduced positions. 32 funds bought stakes while 45 increased positions. They now own 19.30 million shares or 1.04% more from 19.10 million shares in 2016Q1.
Pnc Financial Svcs Grp Incorporated Inc last reported 0% of its portfolio in the stock. Blackrock last reported 0% of its portfolio in the stock. The Manitoba – Canada-based Great West Life Assurance Commerce Can has invested 0% in Installed Building Products Inc (NYSE:IBP). Prudential Fincl has invested 0% of its portfolio in Installed Building Products Inc (NYSE:IBP). Blackrock Mgmt Ltd Com last reported 81,780 shares in the company. Emerald Advisers Inc Pa has 603,766 shares for 1.06% of their US portfolio. Ww Investors accumulated 0.02% or 1.70M shares. Blackrock Advisors Limited Liability Corp holds 65,648 shares or 0% of its portfolio. Da Davidson And owns 1,779 shares or 0% of their US portfolio. Moreover, Shinko Asset Management Co Ltd has 0.03% invested in Installed Building Products Inc (NYSE:IBP) for 110,769 shares. Credit Suisse Ag has 78,804 shares for 0% of their US portfolio. Teachers Advsr holds 0% or 34,829 shares in its portfolio. Fisher Asset Mgmt Ltd last reported 100,963 shares in the company. Wasatch Advsrs, a Utah-based fund reported 1.11M shares. Trexquant Invest L P holds 0.03% of its portfolio in Installed Building Products Inc (NYSE:IBP) for 6,201 shares.
Insider Transactions: Since November 23, 2016, the stock had 0 insider buys, and 1 insider sale for $2.10 million net activity. NIXON J MICHAEL also sold $2.10M worth of Installed Building Products Inc (NYSE:IBP) shares.
More news for Installed Building Products Inc (NYSE:IBP) were recently published by: Businesswire.com, which released: “Installed Building Products Announces Agreement to Acquire Commercial …” on October 29, 2016. Businesswire.com‘s article titled: “Installed Building Products Announces the Acquisition of 3R Products …” and published on November 14, 2016 is yet another important article.
IBP Company Profile
Toll Brothers, Inc., incorporated on May 28, 1986, designs, builds, markets and arranges financing for detached and attached homes in luxury residential communities. The Firm caters to move-up, empty nester, active-adult, age-qualified and second-home buyers in the United States (Traditional Home Building Product). The Firm operates in two divisions: traditional home building and urban infill. Within traditional home building, it operates in approximately five geographic divisions around the United States: the North, consisting of Connecticut, Illinois, Massachusetts, Michigan, Minnesota, New Jersey and New York; the Mid-Atlantic, consisting of Delaware, Maryland, Pennsylvania and Virginia; the South, consisting of Florida, North Carolina and Texas, and the West, consisting of Arizona, Colorado, Nevada and Washington, and California. It also manufactures and sells homes in urban infill markets through Toll Brothers City Living (City Living). The Firm also operates in Boise, Idaho market.
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