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The price of Installed Building Products Inc (NYSE: IBP) closed at $217.27 in the last session, down -4.58% from day before closing price of $227.69. In other words, the price has decreased by -$4.58 from its previous closing price. On the day, 0.55 million shares were traded. IBP stock price reached its highest trading level at $227.925 during the session, while it also had its lowest trading level at $215.02.
Ratios:
We take a closer look at IBP’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.13 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.15. For the most recent quarter (mrq), Quick Ratio is recorded 2.59 and its Current Ratio is at 3.08. In the meantime, Its Debt-to-Equity ratio is 1.42 whereas as Long-Term Debt/Eq ratio is at 1.32.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, DA Davidson on March 05, 2024, initiated with a Buy rating and assigned the stock a target price of $275.
On February 28, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also upped its target price recommendation from $199 to $242.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on May 20 ’24 when Jackson Janet E. sold 2,122 shares for $211.65 per share. The transaction valued at 449,129 led to the insider holds 7,046 shares of the business.
Niswonger Jason R sold 6,000 shares of IBP for $1,379,046 on May 13 ’24. The Chief Admin & Sustainability now owns 13,159 shares after completing the transaction at $229.84 per share. On Mar 11 ’24, another insider, FRY TODD R, who serves as the Chief Accounting Officer of the company, sold 500 shares for $233.50 each. As a result, the insider received 116,750 and left with 7,176 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, IBP now has a Market Capitalization of 6134510080 and an Enterprise Value of 6982300160. As of this moment, Installed’s Price-to-Earnings (P/E) ratio for their current fiscal year is 24.24, and their Forward P/E ratio for the next fiscal year is 18.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.67. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.15 while its Price-to-Book (P/B) ratio in mrq is 8.95. Its current Enterprise Value per Revenue stands at 2.443 whereas that against EBITDA is 14.326.
Stock Price History:
Over the past 52 weeks, IBP has reached a high of $281.04, while it has fallen to a 52-week low of $114.49. The 50-Day Moving Average of the stock is -6.07%, while the 200-Day Moving Average is calculated to be -4.17%.
Shares Statistics:
According to the various share statistics, IBP traded on average about 263.79K shares per day over the past 3-months and 344240 shares per day over the past 10 days. A total of 28.37M shares are outstanding, with a floating share count of 23.63M. Insiders hold about 16.32% of the company’s shares, while institutions hold 90.40% stake in the company. Shares short for IBP as of 1728950400 were 1807841 with a Short Ratio of 6.85, compared to 1726185600 on 1709544. Therefore, it implies a Short% of Shares Outstanding of 1807841 and a Short% of Float of 9.229999999999999.
