The stock of Installed Building Products Inc (NYSE:IBP) reached all time high today, Nov, 22 and still has $42.33 target or 4.00% above today’s $40.70 share price. This indicates more upside for the $1.28B company. This technical setup was reported by Barchart.com. If the $42.33 PT is reached, the company will be worth $51.20 million 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 164,240 shares traded hands. Installed Building Products Inc (NYSE:IBP) has risen 47.64% since April 20, 2016 and is uptrending. It has outperformed by 43.08% the S&P500.
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 stock of Installed Building Products Inc (NYSE:IBP) has “Sector Perform” rating given on Wednesday, January 27 by KeyBanc Capital Markets. The stock of Installed Building Products Inc (NYSE:IBP) earned “Outperform” rating by RBC Capital Markets on Thursday, July 30. RBC Capital Markets maintained Installed Building Products Inc (NYSE:IBP) rating on Thursday, October 29. RBC Capital Markets has “Outperform” rating and $26 price target. UBS maintained Installed Building Products Inc (NYSE:IBP) rating on Friday, August 14. UBS has “Buy” rating and $33 price target. On Tuesday, April 5 the stock rating was downgraded by Zelman to “Hold”. The firm has “Buy” rating by Seaport Global Securities given on Tuesday, November 22. The rating was maintained by Wood with “Overweight” on Thursday, September 17. The rating was upgraded by SunTrust on Thursday, March 17 to “Buy”. Deutsche Bank maintained the shares of IBP in a report on Friday, August 12 with “Buy” rating. RBC Capital Markets maintained Installed Building Products Inc (NYSE:IBP) on Wednesday, November 16 with “Outperform” rating.
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 dropped, 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.
Walleye Trading Limited Liability last reported 1,800 shares in the company. Blackrock Fund Advsr, a California-based fund reported 1.56 million shares. Creative Planning accumulated 4,432 shares or 0% of the stock. Moreover, Blackrock has 0% invested in Installed Building Products Inc (NYSE:IBP) for 15,797 shares. Louisiana State Employees Retirement Systems has 0.01% invested in the company for 7,400 shares. Citadel Advisors Limited Co last reported 0% of its portfolio in the stock. The New Jersey-based Prudential Fincl has invested 0% in Installed Building Products Inc (NYSE:IBP). Moreover, Navellier & Assocs has 0.09% invested in Installed Building Products Inc (NYSE:IBP) for 16,964 shares. Fmr Ltd Liability Company holds 0% or 625,986 shares in its portfolio. Virginia Retirement Systems Et Al has invested 0.02% of its portfolio in Installed Building Products Inc (NYSE:IBP). Citigroup Inc has 448 shares for 0% of their US portfolio. Moreover, Ww Investors has 0.02% invested in Installed Building Products Inc (NYSE:IBP) for 1.70M shares. Texas Permanent School Fund last reported 0.01% of its portfolio in the stock. Rhumbline Advisers has 23,346 shares for 0% of their US portfolio. Cornerstone Capital Mngmt Ltd Liability holds 500 shares or 0% of its portfolio.
More recent Installed Building Products Inc (NYSE:IBP) news were published by: Businesswire.com which released: “Installed Building Products Announces Agreement to Acquire Commercial …” on October 29, 2016. Also Businesswire.com published the news titled: “Installed Building Products Announces the Acquisition of 3R Products …” on November 14, 2016. Businesswire.com‘s news article titled: “Installed Building Products Announces the Acquisition of the Overhead Door …” with publication date: November 10, 2015 was also an interesting one.
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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