Installed Building Products Inc (NYSE:IBP) COO Jay P. Elliott Sells 20,000 Shares

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.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Comerica Bank increased its position in shares of Installed Building Products by 0.8% in the third quarter. Comerica Bank now owns 20,298 shares of the construction company’s stock valued at $1,305,000 after acquiring an additional 156 shares during the last quarter. Mason Street Advisors LLC raised its position in shares of Installed Building Products by 3.2% in the third quarter. Mason Street Advisors LLC now owns 7,237 shares of the construction company’s stock valued at $415,000 after buying an additional 224 shares in the last quarter. Texas Permanent School Fund raised its position in shares of Installed Building Products by 1.7% in the third quarter. Texas Permanent School Fund now owns 14,506 shares of the construction company’s stock valued at $832,000 after buying an additional 248 shares in the last quarter. Arizona State Retirement System raised its position in shares of Installed Building Products by 0.9% in the second quarter. Arizona State Retirement System now owns 32,589 shares of the construction company’s stock valued at $1,930,000 after buying an additional 284 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in shares of Installed Building Products by 0.8% in the second quarter. Prudential Financial Inc. now owns 34,174 shares of the construction company’s stock valued at $2,024,000 after buying an additional 288 shares in the last quarter. Hedge funds and other institutional investors own 68.60% of the company’s stock.

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

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