Installed Building Products Inc. (NYSE:IBP) Director J Michael Nixon sold 50,000 shares of the firm’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $42.01, for a total transaction of $2,100,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Installed Building Products Inc. (NYSE:IBP) opened at 41.50 on Tuesday. The firm has a market capitalization of $1.30 billion, a PE ratio of 35.47 and a beta of 0.61. The firm’s 50-day moving average is $36.10 and its 200 day moving average is $34.90. Installed Building Products Inc. has a 52 week low of $17.60 and a 52 week high of $42.25.

Installed Building Products (NYSE:IBP) last released its earnings results on Thursday, November 3rd. The company reported $0.38 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by $0.07. Installed Building Products had a return on equity of 29.06% and a net margin of 4.47%. The firm had revenue of $225.40 million for the quarter, compared to analysts’ expectations of $234 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The firm’s quarterly revenue was up 24.1% on a year-over-year basis. On average, equities analysts forecast that Installed Building Products Inc. will post $1.33 earnings per share for the current year.

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Hedge funds have recently added to or reduced their stakes in the company. Mason Street Advisors LLC purchased a new stake in Installed Building Products during the second quarter worth $118,000. SG Americas Securities LLC purchased a new stake in Installed Building Products during the third quarter worth $119,000. Municipal Employees Retirement System of Michigan raised its stake in Installed Building Products by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,680 shares of the company’s stock worth $132,000 after buying an additional 60 shares during the last quarter. Creative Planning raised its stake in Installed Building Products by 2,432.6% in the second quarter. Creative Planning now owns 4,432 shares of the company’s stock worth $161,000 after buying an additional 4,257 shares during the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in Installed Building Products by 102.0% in the second quarter. BNP Paribas Arbitrage SA now owns 5,398 shares of the company’s stock worth $196,000 after buying an additional 2,726 shares during the last quarter. Hedge funds and other institutional investors own 68.20% of the company’s stock.

A number of analysts recently commented on the stock. Seaport Global Securities assumed coverage on shares of Installed Building Products in a research note on Tuesday, November 22nd. They issued a “buy” rating and a $52.00 target price for the company. RBC Capital Markets lifted their target price on shares of Installed Building Products from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 16th. Royal Bank Of Canada lifted their target price on shares of Installed Building Products from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 16th. Zacks Investment Research cut shares of Installed Building Products from a “hold” rating to a “sell” rating in a research note on Tuesday, November 8th. Finally, Deutsche Bank AG lifted their target price on shares of Installed Building Products from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $40.50.

About Installed Building Products

Installed Building Products, Inc is a holding company. The Company is a residential insulation installer in the United States. The Company’s national platform consists of over 100 locations accessing customers in approximately 50 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 provide cross-selling opportunities to supplement the insulation installation business.

5 Day Chart for NYSE:IBP

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