Installed Building Products, Inc. (NYSE:IBP) Director Vikas Verma acquired 3,318 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was purchased at an average cost of $59.98 per share, for a total transaction of $199,013.64. Following the purchase, the director now owns 230,251 shares of the company’s stock, valued at $13,810,454.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Installed Building Products, Inc. (NYSE:IBP) opened at $62.50 on Tuesday. The company has a current ratio of 2.22, a quick ratio of 1.93 and a debt-to-equity ratio of 1.70. The stock has a market capitalization of $2,002.56, a price-to-earnings ratio of 47.98 and a beta of 0.84. Installed Building Products, Inc. has a 52-week low of $37.90 and a 52-week high of $70.25.

Installed Building Products (NYSE:IBP) last issued its quarterly earnings data on Friday, November 3rd. The construction company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.07). Installed Building Products had a net margin of 3.88% and a return on equity of 23.40%. The business had revenue of $295.20 million for the quarter, compared to analysts’ expectations of $292.51 million. During the same quarter in the prior year, the company posted $0.38 EPS. The business’s revenue for the quarter was up 31.0% on a year-over-year basis. equities research analysts forecast that Installed Building Products, Inc. will post 1.48 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Installed Building Products by 3.1% during the 2nd quarter. BlackRock Inc. now owns 2,829,787 shares of the construction company’s stock valued at $149,836,000 after purchasing an additional 84,555 shares during the last quarter. Wasatch Advisors Inc. lifted its holdings in shares of Installed Building Products by 3.9% during the 2nd 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 last quarter. Vanguard Group Inc. lifted its holdings in shares of Installed Building Products by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,046,278 shares of the construction company’s stock valued at $55,400,000 after purchasing an additional 37,019 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Installed Building Products by 5.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 852,519 shares of the construction company’s stock valued at $55,243,000 after purchasing an additional 42,938 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of Installed Building Products by 7.2% during the 2nd quarter. State Street Corp now owns 584,897 shares of the construction company’s stock valued at $30,963,000 after purchasing an additional 39,302 shares during the last quarter. Hedge funds and other institutional investors own 65.41% of the company’s stock.

IBP has been the topic of several research analyst reports. Deutsche Bank AG increased 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. BidaskClub raised Installed Building Products from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $69.00 target price on shares of Installed Building Products in a research report on Monday, October 16th. Zacks Investment Research raised Installed Building Products from a “hold” rating to a “buy” rating and set a $73.00 target price on the stock in a research report on Friday, October 6th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $65.00 target price on shares of Installed Building Products in a research report on Friday, November 3rd. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $67.17.

About Installed Building Products

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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