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Installed Building Prods (NYSE:IBP) Has Been Downgraded Today by Stephens \u0026 Co. to a Equal-Weight

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Investors sentiment increased to 1.33 in 2018 Q2. Its up 0.19, from 1.14 in 2018Q1. It improved, as 24 investors sold Installed Building Products, Inc. shares while 37 reduced holdings. 24 funds opened positions while 57 raised stakes. 21.93 million shares or 0.97% more from 21.72 million shares in 2018Q1 were reported.

Natl Bank Of Montreal Can holds 1,110 shares. Parkside National Bank & Trust Trust stated it has 0% in Installed Building Products, Inc. (NYSE:IBP). Minnesota-based Ameriprise Fin has invested 0.01% in Installed Building Products, Inc. (NYSE:IBP). Cortina Asset Mgmt Limited Liability Com reported 96,010 shares or 0.26% of all its holdings. Montag A & Assoc Inc reported 34,633 shares. Neuberger Berman Gp reported 0.04% of its portfolio in Installed Building Products, Inc. (NYSE:IBP). Sector Pension Invest Board has invested 0.01% in Installed Building Products, Inc. (NYSE:IBP). Putnam Invs Limited Liability invested in 47,620 shares or 0.01% of the stock. Stifel Financial holds 298,866 shares or 0.05% of its portfolio. Crow Point Prtnrs Limited stated it has 4,629 shares. Profund Advisors Ltd Liability accumulated 0.01% or 4,212 shares. Oppenheimer Co Incorporated has invested 0.01% in Installed Building Products, Inc. (NYSE:IBP). Sei Investments reported 9 shares. Amalgamated Bankshares owns 0% invested in Installed Building Products, Inc. (NYSE:IBP) for 3,576 shares. Victory Capital holds 0% or 4,281 shares.

Since May 25, 2018, it had 1 buying transaction, and 4 selling transactions for $12.46 million activity. 61,398 shares were sold by NIXON J MICHAEL, worth $3.74 million. Edwards Jeffrey W. had sold 92,649 shares worth $4.49M.

Installed Building Prods (NYSE:IBP) Receives a Downgrade

In a report sent to clients and investors on 18 October, Stephens \u0026 Co. lowered shares of Installed Building Prods (NYSE:IBP) to a lower Equal-Weight rating from the previous Overweight rating.

Installed Building Products, Inc. (NYSE:IBP) Ratings Coverage

Among 4 analysts covering Installed Building Prods (NYSE:IBP), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Installed Building Prods has $65 highest and $50 lowest target. $61.33’s average target is 92.56% above currents $31.85 stock price. Installed Building Prods had 4 analyst reports since April 23, 2018 according to SRatingsIntel. As per Wednesday, October 17, the company rating was downgraded by Credit Suisse. The rating was upgraded by Jefferies to “Buy” on Monday, April 23.

The stock decreased 4.44% or $1.48 during the last trading session, reaching $31.85. About 329,539 shares traded or 43.07% up from the average. Installed Building Products, Inc. (NYSE:IBP) has declined 13.40% since October 19, 2017 and is downtrending. It has underperformed by 29.02% the S&P500.

Analysts await Installed Building Products, Inc. (NYSE:IBP) to report earnings on November, 2. They expect $0.80 EPS, up 110.53 % or $0.42 from last year’s $0.38 per share. IBP’s profit will be $25.29 million for 9.95 P/E if the $0.80 EPS becomes a reality. After $0.78 actual EPS reported by Installed Building Products, Inc. for the previous quarter, Wall Street now forecasts 2.56 % EPS growth.

Installed Building Products, Inc., together with its subsidiaries, engages in the installation of insulation, garage doors, rain gutters, shower doors, closet shelving and mirrors, and other products in the continental United States. The company has market cap of $1.01 billion. It offers a range of insulation materials, such as fiberglass insulation, spray foam insulation, and cellulose insulation materials. It has a 22.12 P/E ratio. The firm is also involved in the installation of insulation and sealant materials in various areas of a structure, which includes basement and crawl space, building envelope, attic, and acoustical.

More important recent Installed Building Products, Inc. (NYSE:IBP) news were published by: Benzinga.com which released: “46 Biggest Movers From Yesterday” on October 18, 2018, also Schaeffersresearch.com published article titled: “Drugmaker Jumps on FDA Decision; Caesars In M&A Spotlight”, Streetinsider.com published: “Stephens Downgrades Building Product Names Citing Growth Headwinds (BLDR) (BLD) (IBP) (BMCH)” on October 18, 2018. More interesting news about Installed Building Products, Inc. (NYSE:IBP) was released by: Benzinga.com and their article: “36 Stocks Moving In Wednesday’s Mid-Day Session” with publication date: October 17, 2018.

Installed Building Products, Inc. (NYSE:IBP) Institutional Positions Chart

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