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.

A number of equities research analysts have recently weighed in on IBP shares. Zacks Investment Research downgraded Installed Building Products from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. Credit Suisse Group set a $45.00 price target on Installed Building Products and gave the company a “hold” rating in a report on Friday, March 1st. Nomura boosted their price target on Installed Building Products to $52.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Royal Bank of Canada downgraded Installed Building Products from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $46.00 to $43.00 in a report on Friday, January 11th. Finally, TheStreet upgraded Installed Building Products from a “c+” rating to a “b-” rating in a report on Friday, February 22nd. One research analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $46.77.

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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