Installed Building Products Inc (IBP) CEO Sells 100,000 Shares
Installed Building Products Inc (NYSE:IBP) CEO Jeffrey W. Edwards sold 100,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $43.54, for a total value of $4,354,000.00. Following the completion of the sale, the chief executive officer now owns 124,323 shares of the company’s stock, valued at $5,413,023.42. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of NYSE IBP traded down $0.95 during trading on Thursday, reaching $43.22. The stock had a trading volume of 234,511 shares, compared to its average volume of 178,279. Installed Building Products Inc has a one year low of $29.24 and a one year high of $65.85. The company has a current ratio of 2.27, a quick ratio of 1.93 and a debt-to-equity ratio of 2.39. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 16.19, a price-to-earnings-growth ratio of 1.57 and a beta of 1.37.
Installed Building Products (NYSE:IBP) last issued its quarterly earnings data on Thursday, February 28th. The construction company reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.08. The firm had revenue of $353.10 million during the quarter, compared to the consensus estimate of $346.30 million. Installed Building Products had a return on equity of 37.15% and a net margin of 4.10%. The firm’s revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.52 EPS. As a group, equities analysts predict that Installed Building Products Inc will post 2.85 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Radnor Capital Management LLC grew its stake in Installed Building Products by 32.7% during the 4th quarter. Radnor Capital Management LLC now owns 8,495 shares of the construction company’s stock worth $286,000 after buying an additional 2,095 shares during the last quarter. Morgan Stanley grew its stake in Installed Building Products by 36.9% during the 3rd quarter. Morgan Stanley now owns 414,961 shares of the construction company’s stock worth $16,183,000 after buying an additional 111,792 shares during the last quarter. GSA Capital Partners LLP bought a new position in Installed Building Products during the 3rd quarter worth $219,000. Neuberger Berman Group LLC grew its stake in Installed Building Products by 11.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 790,120 shares of the construction company’s stock worth $30,815,000 after buying an additional 80,105 shares during the last quarter. Finally, Arizona State Retirement System grew its stake in Installed Building Products by 5.8% during the 3rd quarter. Arizona State Retirement System now owns 32,094 shares of the construction company’s stock worth $1,252,000 after buying an additional 1,766 shares during the last quarter. Hedge funds and other institutional investors own 68.65% of the company’s stock.
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About Installed Building Products
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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