Jefferies Gives Installed Building Prods (IBP) Higher Rating; Katy Industries Has 1.16 Sentiment

April 23, 2018 - By Dolores Ford

KT Corporation (NYSE:KT) Logo

Jefferies increased Installed Building Prods (NYSE:IBP)‘s stock to a “Buy” rating from “Hold”. The rating change was made public in a analysts report today.

Katy Industries Inc (KT) investors sentiment decreased to 1.16 in 2017 Q4. It’s down -0.70, from 1.86 in 2017Q3. The ratio fall, as 65 funds increased or started new stock positions, while 56 sold and reduced positions in Katy Industries Inc. The funds in our database now own: 111.78 million shares, up from 103.21 million shares in 2017Q3. Also, the number of funds holding Katy Industries Inc in top ten stock positions decreased from 5 to 4 for a decrease of 1. Sold All: 20 Reduced: 36 Increased: 50 New Position: 15.

Silchester International Investors Llp holds 18.93% of its portfolio in KT Corporation for 26.79 million shares. Mittleman Brothers Llc owns 1.44 million shares or 10.05% of their US portfolio. Moreover, Kopernik Global Investors Llc has 6.78% invested in the company for 2.36 million shares. The United Kingdom-based Somerset Capital Management Llp has invested 4.35% in the stock. Kiltearn Partners Llp, a United Kingdom-based fund reported 10.40 million shares.

KT Corporation provides telecommunications services in Korea. The company has market cap of $6.02 billion. The firm offers fixed-line telephone services, including local, domestic long-distance, and international long-distance fixed-line and voice over Internet protocol telephone services, as well as interconnection services; Internet phone services; broadband Internet access and other Internet-related services, including Internet protocol television services; and data communication services, including leased line and dedicated broadband Internet connection services to institutional customers. It has a 14.57 P/E ratio. It also provides mobile voice and data telecommunications services; and credit card processing and other financial services, as well as sells mobile handsets.

The stock decreased 0.23% or $0.03 during the last trading session, reaching $13.24. About 623,743 shares traded. KT Corporation (KT) has declined 21.81% since April 23, 2017 and is downtrending. It has underperformed by 33.36% the S&P500.

Investors sentiment decreased to 1.25 in 2017 Q4. Its down 0.24, from 1.49 in 2017Q3. It is negative, as 14 investors sold Installed Building Products, Inc. shares while 51 reduced holdings. 27 funds opened positions while 54 raised stakes. 21.10 million shares or 2.85% more from 20.52 million shares in 2017Q3 were reported. Montag A And Assocs holds 27,633 shares. Parametrica Management Limited invested in 0.22% or 4,527 shares. Moreover, Goldman Sachs has 0% invested in Installed Building Products, Inc. (NYSE:IBP). Teachers Retirement System Of The State Of Kentucky stated it has 0.01% in Installed Building Products, Inc. (NYSE:IBP). Principal Fincl Grp Inc Inc owns 461,425 shares. Assetmark Incorporated owns 408 shares for 0% of their portfolio. Menta Capital Llc, a California-based fund reported 14,902 shares. Bamco Incorporated has 0.11% invested in Installed Building Products, Inc. (NYSE:IBP) for 300,000 shares. Budros Ruhlin And Roe Inc reported 0.07% stake. Aqr Mgmt Limited Liability Company accumulated 21,238 shares. Dimensional Fund Advsr L P accumulated 864,890 shares. Alliancebernstein Limited Partnership owns 0% invested in Installed Building Products, Inc. (NYSE:IBP) for 25,900 shares. Nuveen Asset Mngmt holds 0.01% or 16,518 shares. Numeric Investors Ltd Liability has 0.01% invested in Installed Building Products, Inc. (NYSE:IBP). Products Prtnrs Ltd Liability has 0.16% invested in Installed Building Products, Inc. (NYSE:IBP) for 71,900 shares.

Analysts await Installed Building Products, Inc. (NYSE:IBP) to report earnings on May, 4. They expect $0.31 earnings per share, up 55.00% or $0.11 from last year’s $0.2 per share. IBP’s profit will be $9.88M for 44.56 P/E if the $0.31 EPS becomes a reality. After $0.23 actual earnings per share reported by Installed Building Products, Inc. for the previous quarter, Wall Street now forecasts 34.78% 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 $1.76 billion. It offers a range of insulation materials, such as fiberglass insulation, spray foam insulation, and cellulose insulation materials. It has a 42.5 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.

Since December 7, 2017, it had 0 insider purchases, and 3 insider sales for $5.39 million activity. 20,000 shares valued at $1.49 million were sold by NIXON J MICHAEL on Tuesday, January 16. $220,500 worth of stock was sold by Elliott Jay P. on Thursday, January 25.

Among 14 analysts covering Installed Building Products (NYSE:IBP), 12 have Buy rating, 0 Sell and 2 Hold. Therefore 86% are positive. Installed Building Products has $86.0 highest and $26 lowest target. $64.58’s average target is 16.89% above currents $55.25 stock price. Installed Building Products had 34 analyst reports since July 30, 2015 according to SRatingsIntel. RBC Capital Markets maintained Installed Building Products, Inc. (NYSE:IBP) on Monday, July 24 with “Buy” rating. As per Tuesday, October 17, the company rating was maintained by Credit Suisse. RBC Capital Markets maintained the stock with “Buy” rating in Monday, November 6 report. As per Monday, September 11, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating by Seaport Global given on Tuesday, January 2. The company was initiated on Tuesday, March 13 by Nomura. The stock has “Buy” rating by Stephens on Thursday, March 1. The firm has “Buy” rating by Seaport Global Securities given on Tuesday, November 22. KeyBanc Capital Markets maintained the stock with “Hold” rating in Tuesday, October 31 report. KeyBanc Capital Markets maintained Installed Building Products, Inc. (NYSE:IBP) on Tuesday, September 26 with “Hold” rating.

The stock decreased 1.69% or $0.95 during the last trading session, reaching $55.25. About 187,739 shares traded. Installed Building Products, Inc. (NYSE:IBP) has risen 15.96% since April 23, 2017 and is uptrending. It has outperformed by 4.41% the S&P500.

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

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By1 Dolores Ford

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