The stock of Installed Building Products Inc (NYSE:IBP) reached all time high today, Nov, 16 and still has $65.60 target or 64.00% above today’s $40.00 share price. This indicates more upside for the $1.30B company. This technical setup was reported by Barchart.com. If the $65.60 PT is reached, the company will be worth $832.00M 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 24,630 shares traded hands. Installed Building Products Inc (NYSE:IBP) has risen 44.19% since April 14, 2016 and is uptrending. It has outperformed by 39.50% the S&P500.
Installed Building Products Inc (NYSE:IBP) Ratings Coverage
Out of 7 analysts covering Installed Building Products (NYSE:IBP), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Installed Building Products has been the topic of 8 analyst reports since July 30, 2015 according to StockzIntelligence Inc. Wood maintained Installed Building Products Inc (NYSE:IBP) rating on Thursday, September 17. Wood has “Overweight” rating and $33 price target. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, October 29. The firm has “Outperform” rating by RBC Capital Markets given on Thursday, July 30. KeyBanc Capital Markets downgraded Installed Building Products Inc (NYSE:IBP) on Wednesday, January 27 to “Sector Perform” rating. On Tuesday, April 5 the stock rating was downgraded by Zelman to “Hold”. The firm has “Buy” rating by UBS given on Friday, August 14. On Thursday, March 17 the stock rating was upgraded by SunTrust to “Buy”. The firm has “Buy” rating by Deutsche Bank given on Friday, August 12.
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 increased to 1.71 in Q2 2016. Its up 0.30, from 1.41 in 2016Q1. The ratio improved, 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.
Arizona State Retirement Systems holds 0% or 8,600 shares in its portfolio. Thrivent Fin For Lutherans last reported 0% of its portfolio in the stock. Sheets Smith Wealth Management reported 17,858 shares or 0.19% of all its holdings. Creative Planning has 0% invested in the company for 4,432 shares. Tiaa Cref Invest Mgmt last reported 0% of its portfolio in the stock. Bnp Paribas Arbitrage last reported 5,398 shares in the company. Timpani Cap Mgmt Limited Liability Company has 0.52% invested in the company for 33,537 shares. California Employees Retirement owns 34,100 shares or 0% of their US portfolio. Moreover, Financial Bank Of America Corp De has 0% invested in Installed Building Products Inc (NYSE:IBP) for 23,306 shares. Goldman Sachs has 0% invested in the company for 111,713 shares. Ameriprise Finance holds 0% of its portfolio in Installed Building Products Inc (NYSE:IBP) for 110,829 shares. Rk Cap Mgmt Llc last reported 148,071 shares in the company. Morgan Stanley has 66,137 shares for 0% of their US portfolio. California State Teachers Retirement Sys holds 0% of its portfolio in Installed Building Products Inc (NYSE:IBP) for 42,185 shares. Alliancebernstein L P reported 20,600 shares or 0% of all its holdings.
More important recent Installed Building Products Inc (NYSE:IBP) news were published by: Businesswire.com which released: “Installed Building Products Announces the Acquisition of 3R Products …” on November 14, 2016, also Businesswire.com published article titled: “Installed Building Products Announces Agreement to Acquire Commercial …”, Businesswire.com published: “Installed Building Products Announces Acquisition of Insulation Installer with …” on November 09, 2015. More interesting news about Installed Building Products Inc (NYSE:IBP) was released by: Businesswire.com and their article: “Installed Building Products Announces the Acquisition of the Overhead Door …” with publication date: November 10, 2015.
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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