IBP

JP Morgan Downgrades Installed Building Products (IBP)

Fintel reports that on February 28, 2024, JP Morgan downgraded their outlook for Installed Building Products (NYSE:IBP) from Overweight to Neutral .

Analyst Price Forecast Suggests 13.80% Downside

As of February 24, 2024, the average one-year price target for Installed Building Products is 205.19. The forecasts range from a low of 136.35 to a high of $273.00. The average price target represents a decrease of 13.80% from its latest reported closing price of 238.04.

See our leaderboard of companies with the largest price target upside.

The projected annual revenue for Installed Building Products is 2,598MM, a decrease of 6.50%. The projected annual non-GAAP EPS is 8.19.

Installed Building Products Declares $0.35 Dividend

On February 22, 2024 the company declared a regular quarterly dividend of $0.35 per share ($1.40 annualized). Shareholders of record as of March 15, 2024 will receive the payment on March 31, 2024. Previously, the company paid $0.33 per share.

At the current share price of $238.04 / share, the stock's dividend yield is 0.59%.

Looking back five years and taking a sample every week, the average dividend yield has been 1.66%, the lowest has been 0.86%, and the highest has been 3.83%. The standard deviation of yields is 0.60 (n=234).

The current dividend yield is 1.78 standard deviations below the historical average.

Additionally, the company's dividend payout ratio is 0.35. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.

The company's 3-Year dividend growth rate is 1.50%, demonstrating that it has increased its dividend over time.

What is the Fund Sentiment?

There are 670 funds or institutions reporting positions in Installed Building Products. This is an increase of 53 owner(s) or 8.59% in the last quarter. Average portfolio weight of all funds dedicated to IBP is 0.24%, an increase of 13.48%. Total shares owned by institutions increased in the last three months by 1.01% to 28,180K shares. IBP / Installed Building Products, Inc. Put/Call Ratios The put/call ratio of IBP is 1.26, indicating a bearish outlook.

What are Other Shareholders Doing?

IBP / Installed Building Products, Inc. Shares Held by Institutions

IJR - iShares Core S&P Small-Cap ETF holds 1,577K shares representing 5.59% ownership of the company. In it's prior filing, the firm reported owning 1,593K shares, representing a decrease of 0.99%. The firm increased its portfolio allocation in IBP by 25.36% over the last quarter.

Bamco holds 916K shares representing 3.25% ownership of the company. In it's prior filing, the firm reported owning 1,011K shares, representing a decrease of 10.36%. The firm increased its portfolio allocation in IBP by 21.58% over the last quarter.

VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 737K shares representing 2.61% ownership of the company. In it's prior filing, the firm reported owning 773K shares, representing a decrease of 4.88%. The firm decreased its portfolio allocation in IBP by 11.82% over the last quarter.

BSCFX - BARON SMALL CAP FUND holds 716K shares representing 2.54% ownership of the company. In it's prior filing, the firm reported owning 800K shares, representing a decrease of 11.67%. The firm increased its portfolio allocation in IBP by 19.56% over the last quarter.

Fuller & Thaler Asset Management holds 654K shares representing 2.32% ownership of the company. In it's prior filing, the firm reported owning 655K shares, representing a decrease of 0.19%. The firm increased its portfolio allocation in IBP by 28.72% over the last quarter.

Installed Building Products Background Information
(This description is provided by the company.)

Installed Building Products, Inc. is one of the nation's largest new residential insulation installers and is a diversified installer of complementary building products, including waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors and other products for residential and commercial builders located in the continental United States. The Company manages all aspects of the installation process for its customers, from direct purchase and receipt of materials from national manufacturers to its timely supply of materials to job sites and quality installation. The Company offers its portfolio of services for new and existing single-family and multi-family residential and commercial building projects from its national network of over 190 branch locations.

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This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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