Shares of Installed Building Products Inc (NYSE:IBP) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $32.20 and last traded at $32.05, with a volume of 8808 shares trading hands. The stock had previously closed at $33.33.

IBP has been the topic of several research analyst reports. Jefferies Financial Group restated a “buy” rating and issued a $71.00 price objective on shares of Installed Building Products in a research note on Friday, August 3rd. Stephens restated a “buy” rating and issued a $65.00 price objective on shares of Installed Building Products in a research note on Wednesday, August 8th. ValuEngine lowered Installed Building Products from a “hold” rating to a “sell” rating in a research note on Wednesday, July 25th. Zelman & Associates lowered Installed Building Products from a “buy” rating to a “hold” rating in a research note on Tuesday, August 21st. Finally, Macquarie initiated coverage on Installed Building Products in a research note on Wednesday, September 26th. They issued a “hold” rating and a $50.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $61.30.

The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 0.48 and a beta of 0.78. The company has a debt-to-equity ratio of 2.04, a current ratio of 2.80 and a quick ratio of 2.50.

Installed Building Products (NYSE:IBP) last announced its earnings results on Thursday, August 2nd. The construction company reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.81 by ($0.03). The firm had revenue of $332.60 million for the quarter, compared to the consensus estimate of $334.24 million. Installed Building Products had a return on equity of 24.57% and a net margin of 3.70%. Installed Building Products’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the business posted $0.59 EPS. On average, equities analysts expect that Installed Building Products Inc will post 2.65 earnings per share for the current fiscal year.

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

Several hedge funds and other institutional investors have recently made changes to their positions in IBP. FMR LLC increased its stake in shares of Installed Building Products by 150.4% during the second quarter. FMR LLC now owns 426,005 shares of the construction company’s stock worth $24,090,000 after purchasing an additional 255,900 shares during the period. BlackRock Inc. increased its stake in shares of Installed Building Products by 4.1% during the second quarter. BlackRock Inc. now owns 3,170,901 shares of the construction company’s stock worth $179,315,000 after purchasing an additional 123,489 shares during the period. Millennium Management LLC bought a new position in shares of Installed Building Products during the second quarter worth approximately $2,922,000. Cortina Asset Management LLC increased its stake in shares of Installed Building Products by 100.4% during the second quarter. Cortina Asset Management LLC now owns 96,010 shares of the construction company’s stock worth $5,429,000 after purchasing an additional 48,099 shares during the period. Finally, A.R.T. Advisors LLC bought a new position in shares of Installed Building Products during the first quarter worth approximately $1,398,000. Institutional investors own 70.01% of the company’s stock.

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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