Installed Building Products Inc (IBP) Director J Michael Nixon Sells 20,000 Shares

Installed Building Products Inc (NYSE:IBP) Director J Michael Nixon sold 20,000 shares of the stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $74.50, for a total transaction of $1,490,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

J Michael Nixon also recently made the following trade(s):

  • On Thursday, December 7th, J Michael Nixon sold 50,000 shares of Installed Building Products stock. The shares were sold at an average price of $73.57, for a total transaction of $3,678,500.00.

Shares of Installed Building Products Inc (IBP) traded down $0.30 during midday trading on Friday, reaching $74.00. 219,600 shares of the company were exchanged, compared to its average volume of 194,925. Installed Building Products Inc has a 1 year low of $40.00 and a 1 year high of $79.40. The firm has a market capitalization of $2,400.00, a price-to-earnings ratio of 56.49 and a beta of 0.87. The company has a debt-to-equity ratio of 1.70, a quick ratio of 1.93 and a current ratio of 2.22.

Installed Building Products (NYSE:IBP) last announced its earnings results on Friday, November 3rd. The construction company reported $0.57 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 for the quarter, compared to analyst estimates of $292.51 million. During the same quarter last year, the business posted $0.38 EPS. The firm’s revenue was up 31.0% compared to the same quarter last year. analysts anticipate that Installed Building Products Inc will post 1.46 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nationwide Fund Advisors boosted its position in Installed Building Products by 4.4% during the second quarter. Nationwide Fund Advisors now owns 12,210 shares of the construction company’s stock worth $647,000 after acquiring an additional 509 shares during the last quarter. BlackRock Inc. boosted its position in Installed Building Products by 3.1% during the second quarter. BlackRock Inc. now owns 2,829,787 shares of the construction company’s stock worth $149,836,000 after acquiring an additional 84,555 shares during the last quarter. Beacon Investment Advisory Services Inc. boosted its position in Installed Building Products by 85.8% during the third quarter. Beacon Investment Advisory Services Inc. now owns 65,430 shares of the construction company’s stock worth $4,240,000 after acquiring an additional 30,215 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Installed Building Products by 75.0% during the third quarter. BNP Paribas Arbitrage SA now owns 10,759 shares of the construction company’s stock worth $697,000 after acquiring an additional 4,611 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Installed Building Products during the third quarter worth approximately $379,000. Hedge funds and other institutional investors own 65.87% of the company’s stock.

Several analysts have recently commented on the stock. KeyCorp reiterated a “hold” rating on shares of Installed Building Products in a research report on Tuesday, September 26th. Credit Suisse Group set a $73.00 price target on shares of Installed Building Products and gave the company an “outperform” rating in a research report on Tuesday, October 17th. Royal Bank of Canada reiterated a “buy” rating and issued a $69.00 price target on shares of Installed Building Products in a research report on Monday, October 16th. Zacks Investment Research lowered shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Monday, October 23rd. Finally, SunTrust Banks reiterated a “buy” rating and issued a $65.00 price target on shares of Installed Building Products in a research report on Friday, November 3rd. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Installed Building Products presently has a consensus rating of “Buy” and a consensus target price of $67.43.

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About Installed Building Products

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.

Insider Buying and Selling by Quarter for Installed Building Products (NYSE:IBP)

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