DA Davidson raised the price target for the Installed Building Products Inc (NYSE:IBP) stock to “a Buy”. The rating was released on March 05, 2024, according to finviz. We previously noted in another research note published on February 28, 2024 by JP Morgan that downgraded the stock from an Overweight to a Neutral with a price target of $242 for IBP stock. The stock was downgraded by Truist, who disclosed in a research note on January 04, 2024, from Buy to Hold and set the price objective to $200. In their research brief published December 14, 2023, JP Morgan analysts upgraded the Installed Building Products Inc stock from Neutral to Overweight with a price target of $199.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated -11.05% within the last five trades and -5.42% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 93.80% in the last 6 months and 23.04% was added to its value over the previous 3 months. IBP stock is trading at a margin of -9.87%, -3.11% and 34.46% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, IBP deals in the Consumer Cyclical domain. The stock is trading -14.22 percent below its 52-week high and 120.04 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 91.71. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Installed Building Products Inc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 13.36 percent and the profit margin is 8.77 percent, and the company has reported a gross margin of 31.89 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $6.42 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Installed Building Products Inc (NYSE:IBP) is 26.27. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 17.52. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 2.31 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 9.57, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 16.64 percent of Installed Building Products Inc shares are owned by insiders, and 84.81 percent are held by financial institutions. FRY TODD R, the Chief Accounting Officer at Installed Building Products Inc (IBP) has sold 500 shares of firm on Mar 11 ’24 at a price of $233.50 against the total amount of $0.12 million. In another inside trade, Wheeler Brad A, Chief Operating Officer of Installed Building Products Inc (NYSE:IBP) sold 1,119 shares of the firm on Mar 08 ’24 for a total worth of $0.27 million at a price of $244.22. An inside trade which took place on Mar 06 ’24, President, CEO and Chairman of Installed Building Products Inc Edwards Jeffrey W. sold 48,250 shares of firm against total price of $11.38 million at the cost of $235.77 per share.
