Installed Building Products Inc (NYSE:IBP) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $44.90 and last traded at $45.80, with a volume of 12691 shares. The stock had previously closed at $47.90.

Several equities research analysts recently issued reports on IBP shares. Evercore ISI started coverage on shares of Installed Building Products in a research report on Thursday, June 28th. They issued an “in-line” rating and a $65.00 target price on the stock. Royal Bank of Canada raised their target price on shares of Installed Building Products to $71.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 27th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. ValuEngine raised shares of Installed Building Products from a “sell” rating to a “hold” rating in a research report on Wednesday, July 18th. Finally, Stephens reissued a “buy” rating and issued a $65.00 target price on shares of Installed Building Products in a research report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $70.67.

The company has a current ratio of 2.80, a quick ratio of 2.50 and a debt-to-equity ratio of 2.04. The stock has a market capitalization of $1.52 billion, a PE ratio of 38.53, a P/E/G ratio of 0.73 and a beta of 0.77.

Installed Building Products (NYSE:IBP) last released its earnings results on Thursday, August 2nd. The construction company reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.03). Installed Building Products had a return on equity of 24.57% and a net margin of 3.70%. The company had revenue of $332.60 million during the quarter, compared to analyst estimates of $334.24 million. During the same period in the prior year, the business posted $0.59 earnings per share. Installed Building Products’s revenue was up 17.9% on a year-over-year basis. research analysts anticipate that Installed Building Products Inc will post 2.66 EPS for the current fiscal year.

In other Installed Building Products news, CEO Jeffrey W. Edwards sold 107,039 shares of Installed Building Products stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $52.30, for a total transaction of $5,598,139.70. Following the transaction, the chief executive officer now directly owns 351,071 shares of the company’s stock, valued at $18,361,013.30. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Jeffrey W. Edwards sold 92,649 shares of Installed Building Products stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $48.46, for a total transaction of $4,489,770.54. Following the transaction, the chief executive officer now directly owns 300,159 shares in the company, valued at $14,545,705.14. The disclosure for this sale can be found here. 31.10% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in Installed Building Products by 4.1% during the second quarter. BlackRock Inc. now owns 3,170,901 shares of the construction company’s stock valued at $179,315,000 after buying an additional 123,489 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Installed Building Products by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 896,713 shares of the construction company’s stock valued at $50,711,000 after buying an additional 13,470 shares in the last quarter. Westwood Holdings Group Inc. acquired a new position in Installed Building Products during the first quarter valued at approximately $46,340,000. Neuberger Berman Group LLC lifted its position in Installed Building Products by 27.5% during the first quarter. Neuberger Berman Group LLC now owns 707,005 shares of the construction company’s stock valued at $42,456,000 after buying an additional 152,405 shares in the last quarter. Finally, FMR LLC lifted its position in Installed Building Products by 150.4% during the second quarter. FMR LLC now owns 426,005 shares of the construction company’s stock valued at $24,090,000 after buying an additional 255,900 shares in the last quarter. 70.03% of the stock is currently owned by hedge funds and other institutional investors.

Installed Building Products Company Profile (NYSE:IBP)

Installed Building Products, Inc, together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, 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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