Installed Building Products, Inc. (NYSE:IBP) Director J Michael Nixon sold 13,820 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $60.00, for a total value of $829,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Tuesday, August 15th, J Michael Nixon sold 300 shares of Installed Building Products stock. The stock was sold at an average price of $60.00, for a total value of $18,000.00.

Installed Building Products, Inc. (IBP) traded down 0.042% during trading on Friday, hitting $59.875. The stock had a trading volume of 59,293 shares. The firm has a 50 day moving average of $56.95 and a 200-day moving average of $52.88. Installed Building Products, Inc. has a 12 month low of $30.75 and a 12 month high of $60.08. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 45.987 and a beta of 0.80.

Installed Building Products (NYSE:IBP) last announced its quarterly earnings data on Friday, August 4th. The construction company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.21. The firm had revenue of $282.20 million for the quarter, compared to analyst estimates of $274.63 million. Installed Building Products had a net margin of 4.11% and a return on equity of 25.27%. The business’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 earnings per share. Equities analysts predict that Installed Building Products, Inc. will post $2.24 earnings per share for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. grew its holdings in shares of Installed Building Products by 0.3% during the second quarter. Alps Advisors Inc. now owns 9,664 shares of the construction company’s stock valued at $512,000 after buying an additional 25 shares during the last quarter. Pinebridge Investments L.P. boosted its holdings in Installed Building Products by 1.3% in the second quarter. Pinebridge Investments L.P. now owns 2,644 shares of the construction company’s stock valued at $140,000 after purchasing an additional 34 shares during the last quarter. Arizona State Retirement System boosted its holdings in Installed Building Products by 1.0% in the second quarter. Arizona State Retirement System now owns 10,500 shares of the construction company’s stock valued at $556,000 after purchasing an additional 100 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Installed Building Products by 6.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 2,421 shares of the construction company’s stock valued at $128,000 after purchasing an additional 155 shares during the last quarter. Finally, Texas Permanent School Fund boosted its holdings in Installed Building Products by 1.1% in the second quarter. Texas Permanent School Fund now owns 14,653 shares of the construction company’s stock valued at $776,000 after purchasing an additional 164 shares during the last quarter. 65.60% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have commented on IBP shares. BidaskClub upgraded Installed Building Products from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Zacks Investment Research downgraded Installed Building Products from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 10th. Royal Bank Of Canada reiterated a “buy” rating and set a $61.00 target price on shares of Installed Building Products in a research note on Monday, June 19th. Deutsche Bank AG increased their target price on Installed Building Products from $58.00 to $62.00 and gave the company a “buy” rating in a research note on Monday, August 21st. Finally, Credit Suisse Group started coverage on Installed Building Products in a research note on Thursday, June 22nd. They set an “outperform” rating and a $61.00 target price on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Installed Building Products currently has a consensus rating of “Buy” and an average target price of $59.80.

Installed Building Products Company Profile

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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