Installed Building Products, Inc. (NYSE:IBP) VP Michael Thomas Miller sold 36,908 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $60.01, for a total transaction of $2,214,849.08. Following the sale, the vice president now directly owns 32,086 shares of the company’s stock, valued at approximately $1,925,480.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Michael Thomas Miller also recently made the following trade(s):

  • On Tuesday, August 15th, Michael Thomas Miller sold 1,661 shares of Installed Building Products stock. The stock was sold at an average price of $60.00, for a total transaction of $99,660.00.
  • On Friday, August 4th, Michael Thomas Miller sold 87 shares of Installed Building Products stock. The stock was sold at an average price of $60.00, for a total transaction of $5,220.00.

Installed Building Products, Inc. (NYSE IBP) opened at 59.95 on Monday. Installed Building Products, Inc. has a 52 week low of $30.75 and a 52 week high of $60.08. The company has a market capitalization of $1.90 billion, a PE ratio of 46.04 and a beta of 0.80. The company’s 50-day moving average price is $56.95 and its 200 day moving average price is $52.88.

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

COPYRIGHT VIOLATION WARNING: “Installed Building Products, Inc. (IBP) VP Sells $2,214,849.08 in Stock” was originally posted by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2017/09/25/installed-building-products-inc-ibp-vp-sells-2214849-08-in-stock.html.

A number of analysts have recently weighed in on IBP shares. Credit Suisse Group began coverage on shares of Installed Building Products in a research report on Thursday, June 22nd. They set an “outperform” rating and a $61.00 price target for the company. Royal Bank Of Canada restated a “buy” rating and set a $61.00 price objective on shares of Installed Building Products in a research note on Monday, June 19th. BidaskClub upgraded Installed Building Products from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Zacks Investment Research upgraded Installed Building Products from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 24th. Finally, Deutsche Bank AG raised their price objective on Installed Building Products from $58.00 to $62.00 and gave the stock a “buy” rating in a research note on Monday, August 21st. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Installed Building Products presently has an average rating of “Buy” and an average price target of $59.80.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wasatch Advisors Inc. increased its position in shares of Installed Building Products by 3.9% during the second quarter. Wasatch Advisors Inc. now owns 1,104,994 shares of the construction company’s stock valued at $58,509,000 after purchasing an additional 41,236 shares during the period. Piedmont Investment Advisors LLC bought a new stake in shares of Installed Building Products during the second quarter valued at approximately $230,000. Ameritas Investment Partners Inc. increased its position in shares of Installed Building Products by 11.7% during the second quarter. Ameritas Investment Partners Inc. now owns 1,894 shares of the construction company’s stock valued at $100,000 after purchasing an additional 198 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Installed Building Products by 10.5% during the second quarter. The Manufacturers Life Insurance Company now owns 17,108 shares of the construction company’s stock valued at $906,000 after purchasing an additional 1,619 shares during the period. Finally, Cubist Systematic Strategies LLC increased its position in shares of Installed Building Products by 25.8% during the second quarter. Cubist Systematic Strategies LLC now owns 4,565 shares of the construction company’s stock valued at $242,000 after purchasing an additional 936 shares during the period. Institutional investors and hedge funds own 65.60% of the company’s stock.

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)

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