Media stories about Installed Building Products (NYSE:IBP) have trended somewhat positive on Thursday, according to Accern Sentiment. The research firm rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Installed Building Products earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the construction company an impact score of 47.5572182074637 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Installed Building Products (NYSE IBP) traded down $3.20 during trading on Thursday, reaching $72.95. 208,500 shares of the company were exchanged, compared to its average volume of 164,700. Installed Building Products has a one year low of $40.00 and a one year high of $79.40. The company has a quick ratio of 1.93, a current ratio of 2.22 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $2,320.00, a P/E ratio of 55.69 and a beta of 0.87.
Installed Building Products (NYSE:IBP) last issued its quarterly earnings results on Friday, November 3rd. The construction company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.07). Installed Building Products had a return on equity of 23.40% and a net margin of 3.88%. The firm had revenue of $295.20 million during the quarter, compared to analysts’ expectations of $292.51 million. During the same quarter in the prior year, the firm earned $0.38 EPS. The firm’s revenue was up 31.0% compared to the same quarter last year. analysts predict that Installed Building Products will post 1.46 EPS for the current year.
In other news, Director J Michael Nixon sold 50,000 shares of Installed Building Products stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $73.57, for a total value of $3,678,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jeffrey W. Edwards sold 200,000 shares of Installed Building Products stock in a transaction on Monday, December 4th. The shares were sold at an average price of $74.25, for a total transaction of $14,850,000.00. Following the completion of the transaction, the chief executive officer now directly owns 504,800 shares in the company, valued at $37,481,400. The disclosure for this sale can be found here. 32.90% of the stock is currently owned by company insiders.
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Installed Building Products Company Profile
Installed Building Products, Inc is a holding company. The Company is a residential insulation installer in the United States. As of December 31, 2016, the Company’s national platform included over 100 locations accessing customers in 48 continental states and the District of Columbia. The Company also installs complementary building products, including garage doors, rain gutters, shower doors, closet shelving and mirrors, which provides cross-selling opportunities to supplement the insulation installation business.
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