Installed Building Products Inc (NYSE:IBP) COO Jay P. Elliott sold 20,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $70.83, for a total value of $1,416,600.00. Following the transaction, the chief operating officer now directly owns 23,529 shares in the company, valued at $1,666,559.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NYSE IBP opened at $69.47 on Friday. The business’s 50-day moving average price is $62.58 and its two-hundred day moving average price is $56.68. The company has a debt-to-equity ratio of 2.52, a current ratio of 2.69 and a quick ratio of 1.85. Installed Building Products Inc has a one year low of $30.54 and a one year high of $76.60. The company has a market capitalization of $2.12 billion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 1.49 and a beta of 1.17.
Installed Building Products (NYSE:IBP) last issued its earnings results on Friday, November 1st. The construction company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.13. Installed Building Products had a return on equity of 45.94% and a net margin of 4.47%. The firm had revenue of $396.40 million for the quarter, compared to the consensus estimate of $385.46 million. During the same quarter in the previous year, the company posted $0.72 earnings per share. The business’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, equities analysts anticipate that Installed Building Products Inc will post 3.03 EPS for the current year.
Several research analysts recently weighed in on the company. Nomura upped their price target on Installed Building Products from $61.00 to $65.00 and gave the company a “neutral” rating in a research report on Monday, November 4th. SunTrust Banks upped their price target on Installed Building Products to $71.00 and gave the company a “hold” rating in a research report on Monday, November 4th. Stephens upped their price target on Installed Building Products from $61.00 to $71.00 and gave the company an “equal weight” rating in a research report on Tuesday. Zacks Investment Research upgraded Installed Building Products from a “hold” rating to a “strong-buy” rating and set a $81.00 target price on the stock in a research note on Thursday. Finally, ValuEngine upgraded Installed Building Products from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Seven analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $58.18.
Installed Building Products Company Profile
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.
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