Installed Building Products (IBP) Given Daily Media Sentiment Rating of 0.31
Media stories about Installed Building Products (NYSE:IBP) have been trending positive recently, according to Alpha One Sentiment. Alpha One, a service of Accern, rates the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Alpha One ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Installed Building Products earned a coverage optimism score of 0.31 on Alpha One’s scale. Alpha One also assigned media stories about the construction company an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Alpha One’s rankings:
- BRIEF-Installed Building Products announces successful refinancing (reuters.com)
- Installed Building Products : Announces Successful Refinancing (4-traders.com)
- Installed Building Products (IBP) Earns Media Impact Rating of 0.11 (americanbankingnews.com)
- Installed Building Products Announces Successful Refinancing (finance.yahoo.com)
- Installed Building Products Inc (IBP) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
Installed Building Products (NYSE:IBP) traded up 1.54% on Thursday, hitting $52.80. 128,714 shares of the stock were exchanged. The company’s 50 day moving average price is $51.14 and its 200-day moving average price is $42.46. Installed Building Products has a one year low of $26.00 and a one year high of $53.10. The company has a market cap of $1.65 billion, a P/E ratio of 43.00 and a beta of 0.78.
Installed Building Products (NYSE:IBP) last posted its quarterly earnings data on Monday, February 27th. The construction company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. Installed Building Products had a return on equity of 29.06% and a net margin of 4.47%. The company earned $233.98 million during the quarter, compared to analysts’ expectations of $232.77 million. During the same period in the prior year, the business earned $0.30 earnings per share. Installed Building Products’s revenue for the quarter was up 22.2% compared to the same quarter last year. Equities research analysts predict that Installed Building Products will post $2.22 EPS for the current fiscal year.
Separately, Zacks Investment Research cut shares of Installed Building Products from a “buy” rating to a “hold” rating in a research report on Tuesday, January 10th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $44.50.
In related news, Director J Michael Nixon sold 100,000 shares of the firm’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $46.02, for a total value of $4,602,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Jay P. Elliott sold 2,735 shares of the firm’s stock in a transaction on Monday, April 3rd. The stock was sold at an average price of $52.50, for a total value of $143,587.50. Following the completion of the transaction, the chief operating officer now directly owns 54,336 shares of the company’s stock, valued at $2,852,640. The disclosure for this sale can be found here. Insiders sold 295,658 shares of company stock valued at $13,427,908 over the last three months. 35.60% of the stock is owned by company insiders.
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.
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