Vikas Verma Sells 10,000 Shares of Installed Building Products Inc (NYSE:IBP) Stock

Installed Building Products Inc (NYSE:IBP) Director Vikas Verma sold 10,000 shares of Installed Building Products stock in a transaction that occurred on Monday, October 21st. The shares were sold at an average price of $66.00, for a total transaction of $660,000.00. Following the completion of the transaction, the director now directly owns 91,935 shares in the company, valued at $6,067,710. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Vikas Verma also recently made the following trade(s):

  • On Wednesday, October 16th, Vikas Verma sold 10,000 shares of Installed Building Products stock. The shares were sold at an average price of $62.00, for a total transaction of $620,000.00.
  • On Wednesday, September 18th, Vikas Verma sold 10,000 shares of Installed Building Products stock. The shares were sold at an average price of $60.00, for a total transaction of $600,000.00.

Shares of NYSE IBP traded up $0.06 during midday trading on Wednesday, reaching $66.05. 216,000 shares of the company were exchanged, compared to its average volume of 199,900. The stock’s 50-day moving average price is $58.92 and its 200-day moving average price is $55.30. The stock has a market cap of $1.96 billion, a P/E ratio of 24.74, a PEG ratio of 1.37 and a beta of 1.15. Installed Building Products Inc has a one year low of $29.24 and a one year high of $66.71. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 2.27.

Installed Building Products (NYSE:IBP) last posted its earnings results on Thursday, August 8th. The construction company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.03. The firm had revenue of $371.80 million for the quarter, compared to analysts’ expectations of $367.03 million. Installed Building Products had a net margin of 4.22% and a return on equity of 43.03%. The company’s revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 earnings per share. On average, equities research analysts anticipate that Installed Building Products Inc will post 2.97 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of IBP. Rhumbline Advisers grew its stake in shares of Installed Building Products by 1.8% in the third quarter. Rhumbline Advisers now owns 64,316 shares of the construction company’s stock worth $3,688,000 after purchasing an additional 1,129 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Installed Building Products in the third quarter worth $689,000. Assenagon Asset Management S.A. bought a new stake in shares of Installed Building Products in the third quarter worth $1,055,000. State of Alaska Department of Revenue grew its stake in shares of Installed Building Products by 128.9% in the third quarter. State of Alaska Department of Revenue now owns 16,367 shares of the construction company’s stock worth $938,000 after purchasing an additional 9,217 shares during the last quarter. Finally, Bamco Inc. NY grew its stake in shares of Installed Building Products by 9.1% in the second quarter. Bamco Inc. NY now owns 1,636,712 shares of the construction company’s stock worth $96,926,000 after purchasing an additional 136,712 shares during the last quarter. 68.71% of the stock is currently owned by hedge funds and other institutional investors.

IBP has been the topic of a number of recent analyst reports. ValuEngine raised shares of Installed Building Products from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Nomura boosted their target price on shares of Installed Building Products from $50.00 to $52.00 and gave the stock a “neutral” rating in a research note on Friday, August 9th. Zacks Investment Research cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research note on Thursday, August 15th. Finally, SunTrust Banks boosted their target price on shares of Installed Building Products from $50.00 to $54.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $49.18.

About Installed Building Products

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, window blinds, shower doors, closet shelving and mirrors, and other products in the continental United States. It offers a range of insulation materials, such as fiberglass and cellulose, and spray foam insulation materials.

Featured Story: What is the price-sales ratio?

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

Receive News & Ratings for Installed Building Products Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Installed Building Products and related companies with MarketBeat.com's FREE daily email newsletter.